Original report published Nov. 10, 2026, at 01:13:25 UTC+8. The market moves below refer to that report’s Sunday and Monday trading sessions.
Bitcoin climbed back above $75,000 after Monday’s Wall Street open as technology stocks recovered. The bounce followed a Sunday drop to $73,500—an 11-week low last seen on Aug. 21—but did not settle the question of whether further losses were ahead.
TradingView data cited by Cointelegraph showed BTC/USD up 0.8%. Meanwhile, CoinGlass put total crypto liquidations over the preceding 24 hours at $1.2 billion as of 5pm UTC on Monday, underscoring the volatility behind the rebound.
Tech shares recover from Nvidia jitters
The market weakness accompanied claims that Nvidia CEO Jensen Huang may have been targeted by a Chinese intelligence effort. Beijing denied the claim.
Nvidia shares fell about 6% to $170.24 in early Monday trading, a level last traded on March 31, before recovering to session highs of $179.92. The tech-heavy Nasdaq Composite gained 2.5% in the first hour of US trading and as much as 2.6% on Monday.
The recovery came despite warnings about possible fallout. In a Sunday note cited by CNBC, Dan Ives, senior managing director at merchant bank Yorkville Ives & Co., described the episode as a “black eye moment” for Huang and predicted congressional inquiries and a continuing overhang on Nvidia’s stock. Former US Securities and Exchange Commission chair Gary Gensler said Nvidia’s board would face “tough choices” depending on the results of its internal investigation.
Lower oil prices offer relief
Falling oil prices also helped equities regain ground and gave Bitcoin some respite. US WTI crude dropped to $86.19 a barrel, its lowest since Sept. 1, before recovering to around $88.20.
Economist Robin Brooks pointed to a negative correlation between oil and gold, Bitcoin and the S&P 500 following September’s attack on Saudi Arabia’s East-West Pipeline. His interpretation was that lower oil prices could lift those assets, even if the correlations weakened. That was an analytical view, not a guarantee of further gains.
Why the $68,000 level remains in focus
On Monday, Bitcoin traded in a narrow range between its 21-week and 50-week simple moving averages, at $73,078 and $75,492 respectively.
Keith Alan, cofounder of crypto trading platform Material Indicators, identified a possible decline toward the 200-week simple moving average at $67,755—roughly $68,000. Bitcoin had last interacted with that trend line in mid-August.
Alan said macro market structure and thin order books left room for lower prices before a breakout could be validated. But he explicitly qualified the downside scenario: “That test is possible, not inevitable,” and need not happen that week. He also said the weekly view was starting to lean bullish.
The distinction matters: the rebound above $75,000 was an observed price move; a test near $68,000 remained an analyst’s conditional scenario, not an established outcome.