Bitcoin Falls Below $72,000 as $70,000 Comes Into Focus
5 Articles
5 Articles
Bitcoin falls below $72,000 as $70,000 comes into focus
Bitcoin has fallen below $72,000 on Nov. 12, losing another layer of support as its daily chart shows prices slipping outside the lower Bollinger Band and its weekly recovery continues to unravel. TradingView’s Binance BTC/USDT chart showed an intraday low…
The sell-off that began in technology stocks following the departure of NVIDIA founder Jensen Huang was also reflected in the cryptocurrency market. The fall in Bitcoin has triggered a wave of liquidations of hundreds of millions of dollars in leveraged trades.
Bitcoin Falls Below $72,000 as Nvidia Crisis Hits Crypto Bitcoin News ETHNews
Nvidia CEO Jensen Huang’s departure adds uncertainty to technology stocks already facing valuation and geopolitical concerns. Bitcoin has lost all three major daily moving averages, leaving the $71,000–$70,000 support area under scrutiny. Forced liquidations accelerated sharply, with bullish positions accounting for most of the losses. Bitcoin fell below $72,000 on November 12 as Nvidia’s sudden […]
Approximately $530 million in liquidations in 24 hours affected 109,291 investors; Bitcoin is holding near $72,500, and Ethereum is just above $2,000.
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