Source published Nov. 9, 2026, at 18:03:40 UTC+8. This article covers market conditions reported at that time.
Bitcoin fell to about $73,500 late Sunday, Nov. 8, its lowest level since Aug. 21, before briefly recovering above $75,000. The decline came ahead of US inflation reports and alongside volatility in technology-stock futures following Nvidia’s announcement of an independent investigation.
According to CoinGlass data cited by Cointelegraph, approximately $1.12 billion in leveraged crypto positions were liquidated in the 24 hours through 9 am UTC on Monday, Nov. 9.
Bitcoin falls below key cost-basis levels
TradingView data showed Bitcoin slipping below $74,000 shortly before Sunday’s weekly close, extending the previous week’s losses. It also fell below its 50-week simple moving average of $75,492 and approached its 21-week average of $73,078.
CryptoQuant put the short-term holder cost basis at $75,691 on Monday, above Bitcoin’s market price. That metric estimates the average cost basis of coins that last moved less than 155 days earlier.
A CryptoQuant community analyst separately estimated that coins last moved one to three months earlier had a cost basis of about $79,300. The analyst said this level could become resistance if recent buyers sell when they reach break-even, noting that Bitcoin had remained below the measure for months during February–April and June–August 2026 before reclaiming it.
Trader Rekt Capital said Sunday that selling volume would need to increase before sellers showed signs of exhaustion. These were analysts’ interpretations of market conditions, not confirmation that a price bottom had formed.
Nvidia investigation adds uncertainty for technology markets
Nvidia’s board said Sunday that it had launched an independent investigation into reports that CEO Jensen Huang had been targeted by a foreign intelligence effort. The board said it had no reason to believe US national security or company secrets had been compromised. China’s foreign ministry denied the spying allegations on Monday.
Nasdaq 100 futures fell early Monday, recovered and then turned lower again ahead of the US market open. S&P 500 and Dow futures remained higher as Nasdaq futures reversed lower.
The investigation followed the previous week’s technology-stock sell-off, during which investors weighed the outlook for artificial intelligence spending and possible changes to US regulation after the midterm elections.
Economist Mohamed El-Erian described the timing of the investigation as “unfortunate,” citing Nvidia’s importance to technology, financial markets and the economy, as well as the difficulty of pricing key-person and governance risks.
In South Korea, the Kospi closed Monday down 0.8% at 5,018.85. The exchange had briefly halted trading the previous Friday after the index fell more than 8% shortly after the open.
South Korean Vice Minister of Science and ICT Ryu Jemyung told a parliamentary budget committee Monday that contracted Nvidia chip deliveries were expected to remain on schedule, according to CNA.
Inflation reports and oil prices remain in focus
The US Bureau of Labor Statistics was scheduled to release October’s Consumer Price Index on Tuesday, Nov. 10, and Producer Price Index on Friday, Nov. 13, both at 8:30 am ET.
September consumer prices had risen 3.7% from a year earlier. Gasoline prices increased 9.1% from August and accounted for more than half of the monthly rise in the overall index.
West Texas Intermediate crude futures traded near $90 a barrel Monday morning. US President Donald Trump told CNN on Sunday that renewed US strikes on Iran were “highly unlikely,” while saying the decision depended on whether Tehran signed an agreement.
Economist Robin Brooks argued Sunday that the war was keeping oil prices elevated and that lower crude prices could support Bitcoin, stocks and precious metals. He said oil could fall to $75 a barrel and forecast that Bitcoin would continue to show a negative correlation with oil as the aftermath of the US midterm elections settled. Those statements were Brooks’ outlook, rather than established price outcomes.
CME Group’s FedWatch Tool showed markets pricing in a 78.8% probability of a 25-basis-point Federal Reserve rate increase in December at the time of the report.
Fed Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman were both scheduled to discuss the economic outlook on Tuesday. Waller was due to speak at the Bank of England and its Watchers Conference 2026 in London, while Bowman was scheduled to appear at the C. Peter McColough Series on International Economics in Washington.