Crypto markets suffered a sharp sell-off on November 9, 2026, as allegations surrounding Nvidia CEO Jensen Huang shook technology and digital asset markets. Total crypto liquidations exceeded $1.05 billion, with bullish traders accounting for roughly $930 million, or 88.2% of forced position closures.
Bitcoin plunged nearly 6% to $74,780.91, its lowest level since August 21. Ether dropped more than 7% to around $2,247. XRP fell 4.9% over 24 hours to approximately $1.10, extending its seven-day loss to 12.4%. Bitcoin declined 1.4% daily and 4.9% weekly, while XRP lost nearly 8% against Bitcoin. Ethereum and Solana also slid, falling 7.4% and 8.6% respectively over the week.
The market pressure followed reports that Nvidia’s board opened an independent investigation into whether Jensen Huang had faced a foreign intelligence operation and had a reported relationship with an alleged Chinese spy. Nvidia said it had no reason to believe corporate secrets or national security information were compromised. Nvidia shares fell approximately 3.4% in after-hours trading.
Despite the broader tech uncertainty, Wall Street futures edged higher, with Nasdaq 100 futures up 0.3%, while Asian markets were mixed—Japan’s Nikkei gained 1.97% and Australia’s ASX fell 0.39%.
XRP Ledger validator Vet defended XRP against criticism that its losses reflected project-specific problems, arguing that unrelated market events can undermine cryptocurrency investment expectations and pointing to substantial declines in Ethereum and Solana as evidence that selling pressure extended beyond XRP.
