Originally reported by Cointelegraph on November 12, 2026, at 23:46 UTC+8.
Bitcoin fell below $72,000 on Thursday for the first time since August 20, according to TradingView data cited by Cointelegraph. The report put BTC’s Thursday loss at 3.5% and its month-to-date decline at 7.4%. BTC/USD also moved back below its 21-week simple moving average, which had stood at $73,078 on Wednesday.
The decline came alongside selling in US equities. Cointelegraph reported that Nvidia shares fell nearly 13% at the Wall Street open following CEO Jensen Huang’s immediate resignation. Nvidia traded as low as $148.80 before recovering to around $160, down 7.2% on the day at the time of the report. The Nasdaq Composite was down 0.6% at that point. The simultaneous moves do not, by themselves, establish what drove Bitcoin’s decline.
Looking ahead from the original reporting date, Material Indicators cofounder Keith Alan identified the US Producer Price Index release scheduled for Friday, November 13, as a potential volatility event. He argued that a cooler reading could reduce expectations for aggressive rate hikes and change the market’s direction; that was a conditional assessment, not an observed outcome. CoinGlass data cited in the report showed Bitcoin moving through a patch of bid liquidity while 24-hour crypto liquidations reached $730 million.
