Bitcoin dives to $68K, lowest since August, as $1.64B in liquidations hit
Bitcoin slid to $68K — its weakest level since August — after hot inflation data pushed Fed rate hike odds to 88%, according to CoinDesk. News that Nvidia CEO Jensen Huang is resigning also dragged tech stocks lower, and the twin shocks triggered $1.64B in liquidations. BTC ETFs logged a sixth straight day of outflows.
- Original source: X account @CoinDesk.
- The source published it on Nov 13, 2026 at 12:04 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
Bitcoin dropped to $68K, its lowest price since August, CoinDesk reported. The slide came as two pressures hit at once: inflation data that ran hot enough to push Fed rate hike odds to 88%, and word that Nvidia CEO Jensen Huang is resigning. Tech stocks fell on the Huang news, and crypto went down with them.
The damage showed up fast in leverage. $1.64B in liquidations hit as the sell-off accelerated, CoinDesk said. Buyers weren't stepping in on the ETF side either — spot BTC ETFs notched a sixth consecutive day of outflows.
Hike odds sitting at 88% mark a sharply tighter policy path, and the Nvidia leadership shake-up added a second front of selling pressure on the same day. Together they pulled Bitcoin to a level it hadn't traded at since August.
TopicsBitcoin · BTC · Nvidia · Jensen Huang · Federal Reserve · CoinDesk
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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