# Bitcoin Falls Below $72,000 as Nvidia Shares Slide After CEO Huang Resigns

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/55605
Published: 2026-11-12T15:59:19.000Z
Updated: 2026-11-12T15:59:19.000Z
Section: Investing

> BTC lost 3.5% Thursday and moved below its 21-week average. Nvidia shares recovered from an intraday low of $148.80 to about $160.

Bitcoin (BTC) broke below $72,000 in Thursday trading, its lowest level since Aug. 20, as U.S. tech shares fell after Nvidia CEO Jensen Huang resigned. BTC’s decline reached 3.5% on the day.

Nvidia shares fell nearly 13% at the Wall Street open and rebounded after touching $148.80. They later traded around $160, still down 7.2%. The Nasdaq Composite was down 0.6% in the latest update.

Nvidia named Chief Financial Officer Colette Kress as interim CEO. Kress will keep her finance role while serving as interim chief executive. The board has begun searching for a permanent CEO and will consider internal and external candidates.

Bitcoin also traded below its 21-week simple moving average, which stood at $73,078 on Wednesday. Tuesday’s October Consumer Price Index came in above expectations, and markets priced in a greater chance of Federal Reserve rate increases. The October Producer Price Index is due Friday.