Bitcoin price falls to lowest since August amid volatility
Bitcoin price falls due to market volatility
In this article
Market volatility
The bitcoin price fell to about $73,500 late Sunday, its lowest level since August 1. According to CoinGlass, about $1.12 billion in leveraged crypto positions were liquidated 1. This event highlights the risks associated with high-leverage trading 1. Bitcoin also traded below the short-term holder cost basis 1.
Nvidia's board launched an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence effort 1. The board said it had no reason to believe US national security or company secrets had been compromised 1. China's foreign ministry denied the spying allegations on Monday 1. Economist Mohamed El-Erian called the timing of the probe unfortunate 1.
The price drop resulted in substantial liquidations, with over $1 billion in leveraged crypto positions being affected 1. Trader Rekt Capital commented on the selling volume, stating that seller exhaustion tends to happen at or near a Bitcoin price bottom 1. Bitcoin's price is currently below its 50-week Simple Moving Average 1. The 200-week SMA near $68K may be the next magnet if $70K breaks 4.
Bitcoin price falls due to market volatility
Nvidia investigation
The investigation into Nvidia's CEO Jensen Huang was prompted by reports of foreign intelligence targeting 1. Officials in Beijing denied the spying allegations on Monday 1. The company's board announced the investigation on Sunday, citing reports of foreign intelligence efforts 1. The probe's impact on the tech sector is being closely watched 1.
Following last week's tech sell-off, when investors weighed the outlook for AI spending 1, Nvidia's CEO, Jensen Huang, is at the center of the controversy 1. Meanwhile, the company's futures were affected, with Nasdaq 100 futures falling early Monday 1. According to South Korean Vice Minister of Science and ICT Ryu Jemyung, the situation has sparked concern 1.
Ryu Jemyung stated that contracted Nvidia chip deliveries are expected to stay on schedule 1. The US Bureau of Labor Statistics will release October's Consumer Price Index on Tuesday 1. The CPI report may impact the market's volatility 1. Its movement direction remains unclear, but volatility is expected to persist 5.
Bitcoin price prediction
Strategy, a company led by Michael Saylor, has a significant stake in Bitcoin 3. The company's average purchase price is $75,451, according to recent filings 3. This figure is crucial in determining the company's profitability 3. The total holdings stand at 849,327 BTC 3.
Michael Saylor posted his chart of the purchase history on X 3. The chart shows the company's investment in Bitcoin over time 3. The latest purchase was 811 Bitcoin for $65.5 million 3. The total cost of the holdings is $64.08 billion 3.
The company's investment in Bitcoin is substantial, with a book loss of roughly $1.2 billion 3. The price of Bitcoin is being closely monitored, as it has fallen below the company's average purchase price 3. The cost basis is the weighted average of every purchase price since August 2020 3. Bitcoin's liquidation map reveals a notable imbalance between leveraged positions above and below its current price 5.
What it means for readers
The current market volatility has significant implications for US crypto investors 1. Bitcoin's price drop to around $73,500 has raised concerns about the market's stability 1. Institutional demand is also a concern, with net outflows from US spot Bitcoin Exchange-Traded Funds 4. According to SoSoValue, the funds recorded combined net outflows of $1.28 billion 4.
The US Consumer Price Index report may impact the market's volatility 1. Rekt Capital notes that seller exhaustion tends to happen at or near a price bottom 1. It is currently below its 50-week Simple Moving Average 1. The 200-week SMA near $68K may be the next magnet if $70K breaks 4.
Institutional appetite has been weakening, with persistent net outflows from US-listed spot BTC ETFs 4. This may add selling pressure to the market 1. The market's response to the upcoming US inflation reports is uncertain 1. Ahead of the reports, liquidations exceeded $1 billion 1.
What isn't known yet
The outcome of the Nvidia investigation is uncertain, and its impact on the tech sector remains unknown 1. The allegations that Huang was targeted by foreign intelligence prompted the investigation 1. Beijing's denial of the spying allegations was issued on Monday 1. The investigation's findings are awaited 1.
The market's response to the upcoming US inflation reports is also uncertain 1. Liquidations exceeded $1 billion ahead of the reports 1. By late Sunday, it fell to about $73,500 1. The liquidation map shows nearly $6.4 billion in cumulative short liquidation leverage 5.
Volatility is expected to persist, but the direction of its movement remains unclear 5. Experts like Rekt Capital say selling volume must rise before sellers show signs of exhaustion 1. Notably, the liquidation map reveals a notable imbalance between leveraged positions above and below its current price 5. Consequently, the cumulative short liquidation leverage climbs sharply as it moves towards higher price levels 5.
Frequently asked questions
What is the current Bitcoin price?
The current Bitcoin price is around $74,030, according to CoinGecko market data 7.
What is the average price at which Strategy bought its BTC?
The average price at which Strategy bought its 849,327 BTC is $75,451, according to recent filings 3.
What is the implication of the Nvidia investigation on the tech sector?
The implication of the Nvidia investigation on the tech sector is uncertain, but it may lead to further market volatility 1.
About this article
Our system reads Bitcoin, Ethereum, crypto markets, regulation and DeFi coverage from established publishers every hour. A story is only written when at least three independent outlets report it. Every figure must appear in a cited source, and each draft passes automated checks for accuracy, originality and readability. Drafts that score highly on every check publish automatically; the rest wait for a human editor. Drafted with AI assistance from the sources listed. Not financial or professional advice.
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- cointelegraph.com: BTC price eyes $73K amid Nvidia volatility: Three things to know in Bitcoin this week · Nov 9, 2026 ET
- coindesk.com: Bitcoin drops, then pops as Nvidia cheating scandal and failed Iran talks trigger volatility · Nov 8, 2026 ET
- CryptoTicker.io: Bitcoin price prediction: BTC below Strategy's cost basis · Nov 9, 2026 ET
- Invezz: Bitcoin price crashes below $75K: is a brutal selloff to $70K next? · Nov 9, 2026 ET
- Coinpedia: Bitcoin Price Prediction: BTC Breaks Below $74K as $60K Support Comes Into Focus · Nov 9, 2026 ET
- Tech Times: Bitcoin Liquidations Erase $715M in Long Bets in One Hour; Price Falls Under Strategy's $75,451 Cost · Nov 9, 2026 ET
- CoinGecko market data (delayed): Bitcoin and Ether prices at Nov 09, 2026 07:00 ET · Nov 9, 2026 ET
