Nvidia CEO Resignation Impacts Tech Stocks; Bitcoin Falls to $70,000 Support | WEEX Daily Market Brief (November 13, 2026)

By: WEEX|11/13/2026 06:15:00

Today’s Digest

  • Technology-stock selling pushed Bitcoin down to the $70,000 support level, while Ethereum briefly fell below $2,000.
  • Spot Bitcoin ETFs recorded net outflows for the fifth consecutive trading day.
  • Nvidia CEO’s resignation triggered sharp share-price volatility.
  • Nebius’s full-year guidance missed expectations.
  • The October PPI is the key release to watch on November 13.

Crypto Highlights

1)Bitcoin Falls to $70,000 Support; Ethereum Briefly Drops Below $2,000

Technology-stock selling weighed on Bitcoin, which continued to pull back this week and has now fallen to the $70,000 support level. Ethereum briefly dropped below the $2,000 round-number level. On Wednesday, spot Bitcoin and Ethereum ETFs saw net outflows of $299.9 million and $144.8 million, respectively, marking the fifth consecutive trading day of net outflows. Markets are watching subsequent macro data and changes in fund flows.

Watchlist: BTC, ETH

Spot: BTC / ETH

Futures: BTC / ETH

2)Celestia (TIA) Rises Over 6% in 24 Hours

Celestia (TIA) rose over 6% in 24 hours. As a modular blockchain data-availability project, it is being watched for ecosystem usage and liquidity changes.

Watchlist: TIA

Spot: TIA

Futures: TIA

3)Pieverse (PIEVERSE) Rises Nearly 30% in the Past 7 Days

Pieverse (PIEVERSE) has risen nearly 30% over the past 7 days. The project focuses on Web3 payment compliance and AI-agent infrastructure and has recently attracted increased attention.

Watchlist: PIEVERSE

Spot: PIEVERSE

Futures: PIEVERSE

4)Prediction Market predict.fun (PREDICT) Nears TGE

Prediction market predict.fun (PREDICT) is expected to begin TGE on November 18, 2026. WEEX already supports pre-market spot and perpetual contracts. It is trading at around $1.05, corresponding to an FDV of about $1.05 billion.

Watchlist: PREDICT

Spot: PREDICT

Futures: PREDICT

Stock Highlights

1)Nvidia CEO Resigns; AMD and AVGO Rise Over 5%

Central bank officials made a series of hawkish comments on Thursday, reinforcing market expectations for further tightening. Nvidia-related turmoil also continued, with Jensen Huang resigning from all positions. The news triggered sharp volatility in Nvidia shares, which fell over 13% at one point intraday, while competitors AMD and Broadcom rose over 5% against the trend. Nvidia shares have fallen sharply recently, and its forward P/E ratio has dropped to about 12x, the lowest level since 2012. Nvidia will report earnings next Tuesday.

Watchlist: NVDA, AMD, AVGO

Spot: NVDA / AMD / AVGO

Futures: NVDA / AMD / AVGO

2)Nebius Full-Year Guidance Misses Expectations; Shares Drop Sharply

NBIS fell over 16% yesterday. AI cloud-computing company Nebius reported third-quarter revenue growth of 571% year over year to $981 million, about 8% above market expectations. Adjusted EBITDA reached $466 million, also above the expected $357 million. Despite the strong results, full-year revenue guidance missed expectations, and next year’s high capital-expenditure plan continued to raise concerns about AI-infrastructure expansion and financing pressure.

Watchlist: NBIS

Spot: NBIS

Futures: NBIS

3)Cerebras Third-Quarter Revenue Grows 55% Year Over Year; Shares Surge After Hours

CBRS rose over 18% after hours. Cerebras Systems announced on November 12 that third-quarter 2026 revenue was $210.8 million, up 55% year over year. The company expects full-year 2026 core revenue to reach $940–$960 million, with fourth-quarter core revenue of $310–$330 million.

Watchlist: CBRS

Spot: CBRS

Futures: CBRS

4)Kalshi Discusses New Funding Round, Targeting a $65 Billion Valuation

Reports said prediction-market platform Kalshi is discussing a new funding round with investors, weeks after completing a round at a $40 billion valuation. The new round targets a $65 billion valuation. WEEX’s pre-market price is $34.67, corresponding to a market cap of about $34.67 billion.

Watchlist: KALSHI

Futures: KALSHI

Today’s Preview

October PPI — November 13

Markets will focus on month-over-month and year-over-year changes in the Producer Price Index. A higher-than-expected reading may further reinforce interest-rate-path pricing and affect short-term volatility in risk assets.

Watchlist: SPY, QQQ, IWM

Spot: SPY / QQQ / IWM

Futures: SPY / QQQ / IWM

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This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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