Bitcoin Slides to $73,500 for Its Lowest Level Since August
Plus: Threshold Restarts the tBTC Bridge, XRP Loses Ground Against Bitcoin
Good Morning Lions,
Bitcoin got knocked to its lowest level since August before a single inflation number even dropped this week. That tells me leverage was stacked way too high going into CPI, and the flush came early. I think AI stocks and BTC are trading off the same risk appetite right now, frens. If CPI comes in cool and BTC still can't bounce, the selling is about more than macro.
Bitcoin Falls to Lowest Since August
TL;DR: Bitcoin fell to about $73,500 late Sunday, its lowest level since August. Roughly $1.12 billion in leveraged crypto positions were liquidated during the drop. The move came ahead of this week's US CPI and PPI reports.
Threshold Restarts the tBTC Bridge
TL;DR: Threshold's tBTC bridge resumed onchain operations after a nine-day security pause. An Aave reserve holding about $120 million in tBTC remains frozen to new deposits and borrowing.
XRP Loses Ground Against Bitcoin
TL;DR: XRP lost nearly 8% of its value against Bitcoin over seven days, U.Today reported. The token slid 12.4% on the week to around $1.10, while BTC fell 4.9% over the same stretch.
Nvidia Board Investigates Jensen Huang
TL;DR: Nvidia's board opened an independent investigation after reports that CEO Jensen Huang was targeted by Chinese intelligence. Huang told staff he had been unfaithful to his wife. Nvidia shares fell 5% in premarket trading.
Trader Shorts Nvidia on Hyperliquid
TL;DR: A trader opened a 10x leveraged short on 30,000 Nvidia contracts worth about $5.44 million on Hyperliquid, U.Today reported citing on-chain data. The position was opened at roughly $181.33. NVDA had fallen about 8.8% over five sessions.
ASML Shares Fall Despite Record Quarter
TL;DR: ASML posted the best quarter in its history on October 14 and lifted its 2026 sales outlook to between €44 billion and €45 billion, Crypto Briefing reported. The stock still fell 12% in October amid a sector-wide retreat from AI and chip stocks.
Shiba Inu Breaks Below Key Level
TL;DR: U.Today's November 9 technical analysis put SHIB at about $0.00000447 after a break below $0.00000500. TRX sat at $0.3207 under its 200-day average, and ZEC was moving sideways at $1,272.
CPI and PPI both land this week, and ETH is already down more than twice as hard as BTC over the last 24 hours. A hot CPI hits alts first. Separate open item: Aave still hasn't unfrozen the tBTC reserve even with the bridge running again 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.