US Investors Drive Bitcoin Crash While Supporters Rally for Jensen Huang

Recent data from Anchorage Digital indicates that the ongoing cryptocurrency selloff is primarily driven by US investors, while broader market turmoil intersects with high-profile corporate developments surrounding bitcoin jensen huang. Bitcoin plunged by more than $10,000 recently, trading near $65,116 to mark a 12.4% weekly loss. Anchorage Digital researcher David Lawant pointed out that persistent sell pressure originates domestically, highlighting heavy net taker sell flow on Coinbase compared to overseas exchanges. US spot Bitcoin exchange-traded funds recorded substantial outflows, losing $2.35 billion over a two-week period.

Binance founder Changpeng Zhao dismissed claims that his platform caused the downturn, instead attributing the market crash to capital shifting toward the Anthropic IPO, ETF redemptions, security concerns following recent hacks, and hot inflation figures that raised expectations for a Federal Reserve interest rate hike. Despite hitting a four-month low near $62,000 on Sunday, Bitcoin managed a modest recovery above $65,000, while the Crypto Fear and Greed Index sank to 10, signaling extreme fear. Meanwhile, index provider MSCI confirmed that Bitcoin treasury company Strategy will be removed from its global equity indexes following months of deliberation regarding crypto treasury qualification.

Jensen Huang Comeback Efforts

Away from the digital asset markets, technology stocks face intense pressure following the resignation of NVIDIA CEO Jensen Huang on November 12. Financial Times reports indicate that Huang is plotting a comeback alongside allies, with supporters establishing a "war room" to pressure the board into reinstating him. A petition supporting his return has gathered over 100,000 signatures, including endorsements from current employees and prominent industry figures. The leadership turmoil at NVIDIA has weighed heavily on artificial intelligence stocks and broader risk assets, as Congress advances bills to tighten chip export restrictions to China.

US investors drove the Bitcoin selloff while supporters organized a war room to reinstate NVIDIA's former CEO.

Ethlabs announced it is withdrawing its Quick Slots proposal from the upcoming Hegotá upgrade to prepare Ethereum networks for quantum threats by 2027. Amid these developments, Bitcoin Opportunity Fund co-founder Mark Moss suggested that Wall Street participation presents strong buying opportunities for the long term. Meanwhile, Microsoft successfully restored global Microsoft 365 services after a technical capacity upgrade issue caused widespread disruptions lasting over 24 hours.

Why it matters

The convergence of domestic selling pressure in digital asset markets and executive upheaval at major technology firms highlights the interconnected nature of global risk assets and institutional finance. These market movements and regulatory shifts impact global investors, technology stakeholders, and ordinary participants exposed to macroeconomic volatility.