{"id":249305,"date":"2026-11-09T13:52:22","date_gmt":"2026-11-09T13:52:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=249305"},"modified":"2026-11-09T13:52:22","modified_gmt":"2026-11-09T13:52:22","slug":"bitcoin-price-drops-below-74000-as-nvidia-probe-and-regulation-fears-spark-1-billion-in-liquidations","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=249305","title":{"rendered":"Bitcoin Price Drops Below $74,000 as Nvidia Probe and Regulation Fears Spark $1 Billion in Liquidations"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Drops Below $74,000 as Nvidia Probe and Regulation Fears Spark $1 Billion in Liquidations<\/a><\/p>\n

<\/div>\n

Bitcoin price traded near $74,700 on Monday morning after sliding to $73,477 overnight, its lowest since August, then bouncing back, Bitcoin Magazine Pro<\/em> data shows.<\/p>\n

Bitcoin price fell more than 2% to $73,477 in overnight trading, its lowest since August. Buyers stepped in soon after and pushed the price back above $75,000, but the bounce stalled and the bitcoin price settled near $74,700 into the New York open.<\/p>\n

Nvidia probe and Iran stall hit weekend trading<\/h2>\n

Crypto was the only major market open when two headlines landed. Nvidia faced an internal investigation<\/a> into whether CEO Jensen Huang had been targeted by a foreign intelligence effort, and Secretary of State Marco Rubio said Iranian demands were outrageous<\/a> as talks stalled.<\/p>\n

Nvidia is the bellwether of the AI trade that has carried risk assets all year, so traders treated the news as a threat to the whole complex. More than $1 billion of leveraged crypto positions were liquidated<\/a> over 24 hours and about $913 million of that came from longs, which turned a dip into a sharp flush.<\/p>\n

The stock market delivered a calmer opening. U.S. index futures attempted a recovery<\/a> as investors hunted for bargains, with Dow futures up 0.73%, S&P 500 futures up 0.40% and Nasdaq 100 futures up 0.21% at 5:10 a.m. ET. Nvidia shares were down 4.5% in premarket trading, Reuters<\/em> said, and some chipmakers slipped after the Philadelphia Semiconductor Index posted its biggest weekly loss since March 2025.<\/p>\n

That split mirrors Friday, when the bitcoin price reaction to a hot jobs report<\/a> showed crypto sitting out an equity bounce. It also echoes the tech rout that wiped out leveraged longs<\/a> last Thursday.<\/p>\n

Regulation fears and ETF outflows weigh on the bitcoin price<\/h2>\n

The other driver is Washington. Reuters tied the weekend drop to fears<\/a> that a Democratic-controlled Congress will toughen oversight of the asset class, after last week\u2019s midterms and the $6 billion Binance heist.<\/p>\n

Sen. Elizabeth Warren, one of the loudest crypto critics in the Senate, is tipped to lead<\/a> the Senate Banking Committee. TD Cowen has warned that the sweep makes a crypto-backed CLARITY Act nearly impossible<\/a>, and House Democrats are already eyeing their own market structure bill<\/a> with a bigger role for the SEC.<\/p>\n

Institutional money is voting too. U.S. spot bitcoin ETFs shed $1.28 billion last week, their second straight week of outflows<\/a> and the worst since late June. Those redemptions explain why the bitcoin price never joined the equity rebound.<\/p>\n

What the market watches next<\/h2>\n

October consumer price data on Tuesday is the next test. Economists expect<\/a> headline inflation to rise 0.3% on the month, cooling from 0.6% in September, and futures imply<\/a> roughly an 80% chance of a Fed hike at the Dec. 8 and 9 meeting after the strong October jobs report.<\/p>\n

Options traders are bracing for more movement. One-week implied volatility for bitcoin has jumped<\/a> to about 43% from about 33% on Thursday, and four of the six most active bitcoin contracts are puts with strikes between $70,000 and $72,000.<\/p>\n

On the chart, bitcoin is wedged between support from its 200-day moving average near $73,150 and resistance from its 100-day average near $77,430, levels cited in weekend market analysis<\/a>. A close under the lower line would put the August lows back in play, while a push toward $77,000 would need a calmer Nvidia story and softer inflation data.<\/p>\n

<\/p>\n

At the time of writing, the bitcoin price is near $74,700.<\/p>\n

This post Bitcoin Price Drops Below $74,000 as Nvidia Probe and Regulation Fears Spark $1 Billion in Liquidations<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Drops Below $74,000 as Nvidia Probe and Regulation Fears Spark $1 Billion in Liquidations Bitcoin price traded near $74,700 on Monday morning after sliding to $73,477 overnight, its lowest since August, then bouncing back, Bitcoin Magazine Pro data shows. Bitcoin price fell more than 2% to $73,477 in overnight trading, its […]<\/p>\n","protected":false},"author":0,"featured_media":249306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-249305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249305"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=249305"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/249306"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=249305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=249305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=249305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}