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Ethereum Crashes Below $2,000 as Nvidia Shock Hits Crypto

Ethereum Just Lost $2,000 — And the Dip Buyers Are Betting on Something Bigger Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I've watched Ethereum test the $2,000 line plenty of times. Usually it holds. Usually the buyers show up, the line bends, and the story ends with a bounce. Today was different. Ethereum didn't just test $2,000 — it lost it, falling to $1,996.52 in early U.S. trading on Thursday, November 12, 2026, its first trade below the psychological line since August 19. Some data feeds put the intraday low even lower, at $1,983.82. And here's the twist that makes this more than just another red day: the trigger didn't come from crypto at all. It came from Nvidia. The chip giant's CEO, Jensen Huang, resigned, AI stocks sold off hard, and Ethereum — the asset Wall Street keeps insisting is the "AI blockchain" — got dragged down with them. So now the market is split in a way I haven't seen in weeks. On one...
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Produced by Daniel Aharonoff & Mogul Media AI

Exploring the Impact of Bitcoin ETFs in the U.S.: A Comprehensive Review

The debut of Bitcoin ETFs in the U.S. has certainly made a splash, with 11 newly approved ETFs collectively amassing $1.9 billion in trading volume by midday. This impressive figure has surpassed the expectations of analysts and demonstrated the significant interest in these investment products. Despite Bitcoin briefly reaching nearly $49,000 at market open, its price has since stabilized around $46,610.54 as reported by CoinGecko. Among the standout performers, BlackRock's iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Trust (FBTC) have dominated trading, representing 41% and 27% of the total volume, respectively. Notably, these two ETFs alone have contributed $1.3 billion to the overall trading volume. The ARK 21Shares Bitcoin ETF (ARKB) has also made a notable mark, accounting for approximately 13% of the total volume by 1 p.m. ET on Thursday.

Key Highlights:

  • Bitcoin ETFs in the U.S. have collectively generated $1.9 billion in trading volume by midday, exceeding analyst expectations.
  • BlackRock's iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Trust (FBTC) lead the pack, contributing 41% and 27% of the total volume, respectively.
  • The ARK 21Shares Bitcoin ETF (ARKB) has captured approximately 13% of the total volume by 1 p.m. ET on Thursday.
  • Grayscale Bitcoin Trust (GBTC) has accounted for $217 million worth of trading volume, representing around 12% of the total traded so far.
  • Analysts had previously noted the challenges of launching successful ETFs, with achieving $500 million in day one inflows considered a noteworthy feat.

The introduction of these Bitcoin ETFs has undoubtedly stirred excitement in the market, with investors closely monitoring their performance and the distribution of trading volume among the various offerings. As the day progresses, it will be intriguing to observe how these ETFs continue to fare and whether they will maintain their current momentum in the rapidly evolving cryptocurrency landscape.

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