Bitcoin Tumbles to $71K as Jensen Huang Exit Triggers Nvidia Sell-Off

TL;DR: Nvidia announced on November 12 the immediate resignation of Jensen Huang after 33 years of leadership; its shares fell up to 10% in premarket trading, bringing its valuation close to $3.8 trillion. Bitcoin dropped below $71,500 and Ethereum slipped under $1,990, marking their lowest levels since last August. An October study by the Bank for International Settlements (BIS) indicates that 55.2% of inbound investment in artificial intelligence firms between 2021 and 2025 came from other companies within the same sector. Jensen Huang announced his resignation as an executive at Nvidia on Thursday, November 12, and immediately afterward, the price of Bitcoin tumbled to $71,000 while Ethereum lost the $2,000 support level. The executive’s departure intensified sell-offs in risk assets and hit the semiconductor manufacturer’s valuation.

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