Crypto markets plunge as Bitcoin, Ethereum, BNB, and XRP drop sharply amid liquidations and Nvidia CEO change. - Pluang
Major cryptocurrencies including Bitcoin, Ethereum, BNB, and XRP experienced sharp price declines on November 13, 2026, with forced liquidations and ETF outflows intensifying the selloff.
The cryptocurrency market faced significant turmoil as Bitcoin fell below $68,000 and Ethereum dropped under $1,900. BNB and XRP also experienced substantial losses, with XRP briefly dipping below $1. The downturn was exacerbated by forced liquidations totaling $1.6 billion in crypto futures and outflows from exchange-traded funds.
Market Uncertainty
Market uncertainty intensified following the resignation of Nvidia CEO Jensen Huang, creating ripple effects across the crypto sector. Stablecoin supply declined, reducing liquidity for traders and amplifying the downward pressure on prices.
Investors are watching key support levels for potential rebounds or further declines.
Broader Market Impact
As of November 13, 2026, only 13 of 50 major cryptocurrencies rose while 36 fell. Notable losers included BCH (-3.37%), AVAX (-3.36%), and FIL (-3.34%). The U.S. Producer Price Index release is expected to further influence market moves in the coming days.
Related
