Bitcoin Crashes Below $68K as Nvidia CEO Turmoil Sparks Market Sell-Off and $1.6 Billion in Crypto Liquidations
Bitcoin (BTC) plunged below $68,000 on November 13, 2026, as turmoil surrounding Nvidia and its CEO Jensen Huang intensified uncertainty across global financial markets. Contributing to a massive cryptocurrency sell-off.
Reports of Huang’s departure from the AI chip giant rattled technology stocks and weakened investor confidence, adding pressure to an already fragile crypto market. Bitcoin dropped to approximately $67,500, its lowest level in nearly three months, extending its November losses beyond 13%. According to Coinglass data, cryptocurrency liquidations surged to $1.62 billion within 24 hours, with leveraged long positions accounting for approximately $1.46 billion, or nearly 90% of the total. Bitcoin traders suffered more than $901 million in long liquidations as forced selling accelerated the market downturn. Major altcoins also experienced significant losses, with Ethereum (ETH) falling to around $1,910, XRP briefly slipping below $1, and Solana (SOL) declining to approximately $78.
The broader cryptocurrency market capitalization dropped to roughly $2.4 trillion. While Nvidia’s leadership crisis and the resulting technology stock volatility contributed to the market’s risk-off sentiment, analysts also pointed to institutional selling, macroeconomic uncertainty, and excessive leverage as major drivers of the decline. Continued outflows from US spot Bitcoin ETFs further weakened market confidence, creating additional challenges for a potential recovery. As investors assess the broader implications of Nvidia’s turmoil for technology stocks and digital assets, analysts warn that Bitcoin could face further downside pressure unless institutional demand strengthens and market liquidity improves.
Clever Robot News Desk 13th November 2026
Related Article
