BITCOIN INSPIRED · Thursday, November 12, 2026
Evening Brief
“Don’t fight the Fed.”
— Martin Zweig
🎵 Song of the Day: “Landslide” — Fleetwood Mac.
📊 Market Snapshot
(Evening · Babypips + TokenPost + Bitcoin Magazine)
🟧 BTC: ~$71,340 (-3.4%), low $71,670 on some feeds and near $71,300 on others
🔵 ETH: under $2,000
📈 S&P 500: +0.1%
🥇 Gold: -2.8%, near $3,875
🏦 10-year yield: above 5%
Support: $70,000 → $69,597 (2026 range floor) → $68,853 (Aug. 20 low)
Resistance: $72,727 → $73,125 (200-day average) → $74,968
🧭 What Happened
Jensen Huang resigned as Nvidia CEO effective immediately, and CFO Colette Kress became interim CEO. Nvidia shares fell as much as 16% before closing down 4.3%. Bitcoin’s decline broke its previous low near $72,700 and took it through the August floor and the 200-day average in one session. Strategy’s stock fell 7% on the MSCI removal I flagged this morning.
⚖️ Forces Board: What Moved Today
3. The tech tether. Fired hard, and one-way again.
Stocks absorbed the Nvidia shock and finished flat. Bitcoin didn’t bounce with them.
1. The Fed. Tighter.
The 10-year yield crossing 5% raises the bar for every asset that pays nothing. Gold felt it today too.
The corporate bid. Confirmed weaker.
The market priced the MSCI news into Strategy’s shares within hours.
2. The ETF bid. Thursday’s number arrives Friday. A sixth straight outflow would be no surprise after today.
🔎 Tonight’s Question: Why Did A Chip Company’s News Hit Bitcoin Harder Than Stocks?
Nvidia closed down 4.3%. The S&P finished up 0.1%. Bitcoin lost 3.4%.
One explanation, from 24/7 Wall St.: the drop spilled into bitcoin because the same investors own both. When a fund is hit in one holding, it trims others. That accounts for the fall.
The failure to recover is the more telling part. Stocks had buyers waiting. Nvidia still reports earnings on Nov. 17, and index money buys dips as a matter of routine. Bitcoin’s routine dip-buyer this cycle was the ETFs, and they have been sellers for five sessions. My read is that the shock was shared, but only the stock market had buyers ready to absorb it.
👥 Three Lenses
No-coiner: Gold fell nearly 3% today as well. With the 10-year paying over 5%, anything that yields nothing looks less attractive to big money. Today was about the price of money, and Bitcoin was one of several casualties.
Some-coiner: Every level in this week’s briefs broke today. The next ones you will hear quoted are $70,000 and the Aug. 20 low of $68,853. A broken chart level tells you where sellers overwhelmed buyers. The network is running as it did yesterday.
OG: The last time Bitcoin traded this low, on Aug. 20, it closed the next day at $78,326 and reached $86,597 by Sept. 21. One difference worth holding onto: that rally ran alongside $3.8 billion of ETF inflows over three weeks. Today the flows run the other way.
👀 Watch Next
Friday: producer prices and Thursday’s ETF number.
$70,000, then $68,853.
Nov. 17: Nvidia earnings. The tech tether gets tested again.
A close back above $73,125 would say today was an overreaction.
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Stack sats. Stack self-awareness. Both compound.
— The Inspirator ⚓