Bitcoin moved back above $75,000 after Monday’s Wall Street open, recovering from an 11-week low as technology shares rebounded. The recovery coincided with elevated crypto liquidations and an analyst’s warning that thin order books still left room for another decline.
Historical snapshot: Cointelegraph published the original report on Nov. 10, 2026, at 01:13:25 UTC+8, covering the preceding Sunday and Monday market activity. Figures below reflect that reporting window, not live readings.
Price recovery alongside a tech-stock rebound
TradingView data cited in the report showed BTC/USD up 0.8% after falling to $73,500 on Sunday—its lowest level since Aug. 21.
The weakness accompanied allegations that Nvidia CEO Jensen Huang may have been targeted by a Chinese intelligence effort. Beijing denied the claim. Nvidia shares fell about 6% to $170.24 in early Monday trading, a level last seen on March 31, before recovering to a session high of $179.92.
The Nasdaq Composite gained 2.5% in the first hour of US trading and as much as 2.6% on Monday. The rebound came despite warnings about the potential consequences of the Nvidia controversy:
- Dan Ives, senior managing director at merchant bank Yorkville Ives & Co., said in a Sunday note that the episode could prompt congressional inquiries and create a lasting overhang on Nvidia shares, according to CNBC.
- Former US Securities and Exchange Commission chair Gary Gensler said Nvidia’s board would face “tough choices” depending on the findings of the company’s internal investigation.
Oil offered a separate cross-asset backdrop
US WTI crude fell to $86.19 per barrel, its lowest since Sept. 1, before recovering to around $88.20. Cointelegraph described falling oil prices as supporting the equity recovery and easing pressure on Bitcoin.
Economist Robin Brooks reiterated his observation that gold, Bitcoin and the S&P 500 had shown a negative correlation with oil following September’s attack on Saudi Arabia’s East-West Pipeline. He argued that lower oil prices could support those assets even if the correlations weakened. That was his interpretation of the cross-asset relationship, not a guarantee of further gains.
Weekly structure and liquidations remained unresolved
The report described BTC/USD as trading in a narrow range between its 21-week and 50-week simple moving averages, then at $73,078 and $75,492, respectively.
Keith Alan, cofounder of crypto trading platform Material Indicators, identified the 200-week SMA at $67,755 as a possible downside test. The trend line had last interacted with price in mid-August.
Alan’s assessment was conditional: macro structure and thin order books left room for lower prices before a breakout could be validated, but a test of that level was neither inevitable nor necessarily imminent. He also said the weekly view was beginning to lean bullish.
Separately, CoinGlass reported $1.2 billion in crypto market liquidations over the preceding 24 hours as of 17:00 UTC on Monday. The supplied report did not break that total down into long and short positions.
The snapshot therefore contained mixed evidence: Bitcoin and technology shares were recovering, while elevated liquidations and thin order books remained concerns. The roughly $68,000 level was an analyst’s possible scenario—not a confirmed destination or a trading signal.