Originally published by Cointelegraph on Nov. 10, 2026, at 01:13:25 UTC+8. This article covers the market activity reported for the preceding Sunday and Monday.
Bitcoin returned above $75,000 after Monday’s Wall Street open as technology stocks rebounded. The recovery followed a Sunday decline to $73,500, an 11-week low and the weakest level since Aug. 21, according to TradingView data cited by Cointelegraph.
BTC/USD was up 0.8% at the time of the report. Despite the bounce, one analyst said a move toward the 200-week simple moving average at $67,755 remained possible—not inevitable.
Tech shares rebound after Nvidia volatility
The market weakness accompanied reports that Nvidia CEO Jensen Huang may have been targeted by a Chinese intelligence effort, a claim Beijing denied.
Nvidia shares fell about 6% to $170.24 in early Monday trading, a level last seen on March 31, before rebounding to a session high of $179.92. The Nasdaq Composite gained 2.5% in the first hour of US trading and as much as 2.6% on Monday.
In a Sunday note cited by CNBC, Dan Ives, senior managing director at merchant bank Yorkville Ives & Co., warned that the controversy could weigh on Nvidia’s stock. He described it as a “black eye moment” for Huang and predicted multiple congressional inquiries. Former US Securities and Exchange Commission chair Gary Gensler said Nvidia’s board would face “tough choices” depending on the findings of the company’s internal investigation.
Oil prices also declined. US WTI crude reached $86.19 a barrel, its lowest since Sept. 1, before recovering to about $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. In his assessment, lower oil prices could support those assets even if the correlations weakened.
Analyst distinguishes downside risk from a forecast
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 the 200-week moving average at $67,755 as a potential downside test. Bitcoin had last interacted with that trend line in mid-August.
“The macro structure and thin order books leave room for lower prices before a breakout can be validated,” Alan wrote on X. “That test is possible, not inevitable — and it doesn’t have to happen this week. In fact, the weekly view is starting to lean bullish.”
Liquidations remained elevated despite the recovery. CoinGlass reported $1.2 billion in crypto market liquidations over the preceding 24 hours as of 17:00 UTC on Monday.