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Crypto

Why bitcoin plunged as Nvidia, Strategy and rate worries compound

Bitcoin fell to $71,100 on Nov. 13, its lowest in about 12 weeks, as selling pressure spread across the crypto market. CoinPost cited headwinds including a leadership change at Nvidia and Strategy’s removal from an MSCI index, which could force index-tracking funds to sell. Major altcoins also slid and liquidations exceeded $720 million. Hotter U.S. inflation revived expectations of a Fed rate hike in December, while spot bitcoin ETFs saw $595.98 million of net outflows over three sessions through Nov. 11.

Crypto

Bitcoin bearish signals flash at crossroads between bottoming and further correction

A run of bearish signals in the bitcoin market is sharpening focus on whether prices are forming a short-term bottom. CryptoQuant said several indicators have turned bearish at the same time, leaving room for either a near-term low or the start of a deeper correction. It cited weakening apparent demand, shrinking stablecoin liquidity and deteriorating profits for short-term holders. Bitcoin is trading below its 365-day moving average, with the next support at its 200-day moving average.

Crypto

Bitcoin \'now is an opportunity\' with big move seen ahead of end of tightening

Tavi Costa, founder and CEO of Azuria Capital, said bitcoin is in a \"very undervalued\" zone, even as market sentiment weakens and some long-time supporters leave. He said a weaker dollar and yield suppression will be key macro variables shaping markets over the next decade, lifting the value of hard assets such as bitcoin and silver. Costa also favours silver and mining stocks, citing AI-driven metals demand and limited supply growth.