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Produced by Daniel Aharonoff & Mogul Media AI

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 Bitcoin Stability Amid U.S. GDP Growth and Crypto Futures Expiry

Bitcoin remains steady as the U.S. reports a 3.3% growth in its gross domestic product during the fourth quarter, surpassing economists' expectations of 2% growth. However, the Bureau of Economic Analysis highlighted that the growth rate had slowed down from the 4.9% seen in the third quarter of last year. The recent growth indicates that the economy is closely aligning with the 3.4% inflation rate observed in December, where inflation refers to the rate at which prices rise for goods and services. High inflation rates can potentially impact consumers' purchasing power, making their money less effective. The BEA's report on Thursday attributed the growth in Q4 to robust consumer and government spending.

Bitcoin Trading and Market Overview

  • Bitcoin is currently trading at $39,817, having recently crossed the $40,000 threshold earlier yesterday.
  • The cryptocurrency saw close to $30 billion in trading volume based on CoinGecko data.
  • As the U.S. GDP report shows positive growth, the market faces the potential expiration of billions in crypto futures, key for predicting future price movements of assets like commodities, currencies, or cryptocurrencies.

Crypto Futures Expiry and Market Outlook

  • The upcoming expiry of around $3.7 billion BTC options notional open interest, with a max pain level at $41,000, is significant.
  • For ETH, approximately $2 billion in options notional open interest with a max pain level of $2,300 is at stake.
  • Despite the impending expiries, indications suggest that many traders are extending their positions rather than allowing contracts to expire, particularly in the January and February expiries.
  • This follows a bustling January that saw the approval of 11 different spot Bitcoin ETFs, reflecting a dynamic market landscape.

Amidst these market dynamics and economic indicators, the cryptocurrency space continues to demonstrate resilience and adaptability in the face of evolving financial landscapes.

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