Bitcoin falls below $72,000 to its lowest level since August 20 as Nvidia shares slide

Bitcoin fell below $72,000 on Thursday, November 12, 2026, its lowest level since August 20, on a day when Nvidia shares fell as much as 14.3% after Nvidia said its chief executive, Jensen Huang, had resigned. The price was about $71,470 at 19:33 UTC, according to CoinGecko.

What happened to the Bitcoin price

Bitcoin traded near $74,000 in the first hours of Thursday, UTC time, and slid through the European morning. The sharpest move came after US stock trading began: the hourly reading fell from $72,430 at 14:00 UTC to $71,556 at 15:00 UTC, CoinGecko's data shows. The last hourly reading below $72,000 before that was $71,749 on August 20.

The price at 19:33 UTC, about $71,470, compares with about $76,017 at 19:00 UTC on November 5 and about $77,521 at the start of November.

Cointelegraph, citing TradingView data, also reported that Bitcoin dropped below $72,000 for the first time since August 20, and linked the move to selling in US stocks after the Nvidia announcement. Markets do not publish reasons for price moves, so that link is the outlet's reading, not an established cause.

ETF outflows picked up again

Investors withdrew a net of nearly $300 million from US spot Bitcoin ETFs on Wednesday, November 11, up from $95 million a day earlier, Cointelegraph reported, citing Farside Investors data. Net outflows over five sessions in a row reached nearly $1.44 billion, the report said.

BlackRock's iShares Bitcoin Trust (IBIT) accounted for $269.7 million of Wednesday's total, and its net outflows over nine sessions in a row passed $2 billion, according to the report. The TFTC flow tracker shows the same figures for November 11. We did not check them against the fund issuers' own disclosures.

A day earlier the picture looked different: daily outflows had shrunk for three sessions.

Why it matters

Bitcoin has now given up the ground it held after the fall on November 8, when it dropped to its lowest level since August. The week also brought an October inflation report and a Federal Reserve governor who leaned toward a December rate increase.

What it could mean for traders

In our assessment, Thursday's move shows Bitcoin falling alongside Nvidia shares when US stock trading opened. That relationship is not fixed, and one session does not establish it. The daily ETF flow figures are the nearest thing to a public measure of demand from brokerage investors; they are reported with a delay and are sometimes revised. Cointelegraph noted that US producer price data is due on Friday, November 13.