Bitcoin slides toward $71K as Nvidia stock tumbles after Huang steps down
Bitcoin fell to its lowest leve since Aug. 20 as tech stocks slid following the resignation of Nvidia CEO Jensen Huang.
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Bitcoin fell to its lowest leve since Aug. 20 as tech stocks slid following the resignation of Nvidia CEO Jensen Huang.
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US spot Bitcoin ETF outflows rose to nearly $300 million on Wednesday, up from $95 million a day earlier, as five-session withdrawals reached $1.44 billion.
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As US voters push back against new data centers, Bitcoin miners already expanding into AI could benefit from their existing facilities.
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Bitcoin traded in a narrow range as investors bought the dip in tech stocks and US bond yields climbed on high CPI inflation data.
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Clients can store and transfer Bitcoin, Ether and select stablecoins through the bank, which manages their wallets and private keys.
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OP_CCV embeds contract state directly into Taproot output keys and enforces valid state transitions onchain. This makes it possible to achieve stateful contracts and compact fraud proofs.
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Barclays reported a $187 million stake as of Sept. 30, while Citigroup disclosed a new $119 million position in Fidelity’s Bitcoin ETF.
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Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.
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US spot Bitcoin ETFs have lost $1.6 billion in November, while stock funds attracted billions of dollars from investors buying the dip.
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The SEC filed 348 actions in fiscal 2026, down from 456 a year earlier. Cases included alleged Bitcoin mining fraud and an FTX audit settlement.
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The project warned that installations running older versions were vulnerable and urged operators to replace potentially exposed credentials even after upgrading.
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Starting next week, customers can deposit and withdraw money through Brazil’s instant payment system. Crypto transfers remain suspended.
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Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.
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Bitcoin Opportunity Fund co-founder Mark Moss says that with banks and ETFs widening access to Bitcoin he expects a new record high in 2027.
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Binance Research says Bitcoin could find support as global monetary tightening slows, even as markets price in a December Fed rate hike.
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Bitcoin price action and stock futures trended lower after Fed governor Christopher Waller said that he would vote to raise interest rates by 0.25% at the December FOMC meeting.
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US spot Bitcoin ETFs shed $201 million Monday, with seven straight sessions of net withdrawals from BlackRock’s IBIT totaling $1.66 billion.
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Both miners reported higher Bitcoin production but lower mining revenue and rising electricity costs as they expanded their AI infrastructure businesses.
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HIVE’s mining revenue fell 7.4% despite higher production, while its AI hosting business grew 71%.
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Customers can view their pre-hack balances as access returns in phases. The exchange has yet to say when withdrawals will resume.
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