Bitcoin Falls Below $72,000 After Nvidia CEO Resignation and MSCI Decision

On November 12, 2026, Bitcoin (BTC) fell below $72,000 for the first time since mid-August. According to Bitcoin Magazine Pro, the price dropped to approximately $71,670 in the morning after falling from $74,700 the previous day. The movement coincided with a sell-off in tech stocks, the resignation of Nvidia's head, and MSCI's decision to exclude Strategy from stock indices.

Nvidia announced Jensen Huang's departure

The chip manufacturer announced that Jensen Huang has immediately stepped down from his positions as CEO, president, and board member. CFO Colette Kress has temporarily taken over the company. At the opening of trading, Nvidia shares were down about 13%, and Nasdaq-100 futures were down approximately 1.4%. The simultaneous drop in BTC and tech stocks does not prove a direct causal link between the events.

MSCI to exclude Strategy from indices on November 30

Index provider MSCI confirmed the exclusion of Strategy (MSTR) shares from the MSCI USA Index following the November review. The change will take effect after the close of trading on November 30 and will affect the company's presence in broader international indices. At the opening on November 12, Strategy's shares were down about 7%. Funds tracking the relevant indices may sell MSTR during rebalancing, but MSCI's decision does not require Strategy to sell its Bitcoin holdings.

Capital outflow from Bitcoin ETFs continues

According to Farside Investors, on November 11, U.S. spot Bitcoin-ETFs recorded a net outflow of $299.8 million, including $269.7 million from BlackRock's IBIT. Over the five trading sessions from November 5 to 11, the total outflow amounted to approximately $1.44 billion. Additional factors included expectations of a U.S. Federal Reserve rate hike in December: as of November 12, market estimates put the probability of a 0.25 percentage point increase at over 90%. All market indicators mentioned refer to the specified dates and do not determine further BTC movement.