Yesterday’s Biggest Headlines

Crypto Market Watch

1. Bitcoin was little changed near $73,700 on Wednesday and sat out Wall Street’s rebound as U.S. spot bitcoin ETF outflows extended to a fourth day and liquidations jumped. CoinDesk said hot inflation had lifted December Fed hike odds to around 90%, leaving ether steady near the $2,050 handle while crypto failed to confirm the equity bounce.

2. Total stablecoin supply fell $14.2 billion over the 30 days through Nov. 9, the fastest contraction since June 2022, leaving bitcoin “running on empty,” according to Glassnode. Decrypt said U.S. spot bitcoin ETFs have seen about $1.6 billion in net redemptions over 20 sessions and that bitcoin has slipped below the short-term holder cost basis near $75,600.

3. Options traders raised the odds of a sub-$70,000 Christmas bitcoin finish to 31% from 15% a week earlier, while the chance of an $80,000-plus finish fell to 26% from 53%. The Block said bitcoin traded around $73,500 after five weekly losses and that K33 called the market “ripe for a squeeze” either way as perpetual open interest stayed elevated.

4. MSCI said it will remove Strategy from its USA Index and Metaplanet from its Japan Small Cap Index after the Nov. 30 close under new non-operating-company screens. Bitcoin Magazine said Strategy held 850,364 bitcoin as of Nov. 8 and that JPMorgan has previously estimated about $2.8 billion of possible passive outflows if index funds are forced to sell.

Equity Market Moves

5. CoreWeave jumped after stronger-than-expected summer results Wednesday, and the Nasdaq Composite rose 1.6% to 25,466.19 while the S&P 500 gained 1.3% to 7,619.38 and the Dow added 0.5% to 52,486.49. WTOP relayed an Associated Press wrap that said the S&P 500 pulled within 2.6% of its record as the AI rebound clawed back more of last week’s selloff.

6. Nvidia’s board is preparing to oust CEO Jensen Huang after reports of two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported Wednesday. Yahoo Finance relayed Reuters’ account that Nvidia shares slid about 8% after hours and that the company has lost roughly $600 billion in market value this week since the board opened its investigation.

Commodities Watch

7. Spot gold rose 0.6% to $4,055.00 an ounce by late morning Wednesday, recovering from Tuesday’s roughly 3% CPI-driven slide while staying near the $4,000 handle. Kitco relayed Reuters that December Fed hike odds moved to fully priced and that hawkish Fed speak kept a lid on the rebound even as silver climbed about 3%.

8. Brent crude settled $1.27, or 1.39%, higher at $92.76 a barrel and WTI rose 0.57% to $86.53 after Iran’s security chief said Tehran would not allow enriched nuclear material to leave the country. Investing.com carried the Reuters wrap that said the bounce lifted oil off Tuesday’s two-month lows as Hormuz shipping risks offset fading hopes of a quick de-escalation.

Today’s Watchlist

• Whether bitcoin can reclaim $74,000–$75,000 and ether hold above $2,050 after another soft ETF/stablecoin session

• Digestion of Nvidia’s after-hours ouster headlines versus Wednesday’s CoreWeave-led AI rebound

• Follow-through on MSCI’s Strategy/Metaplanet deletions into the Nov. 30 effective date

• Gold’s hold of the $4,000–$4,050 zone ahead of Thursday claims and Friday PPI

• Crude’s stay firm near ~$93 Brent / mid-$80s WTI if Hormuz attacks keep capping diplomacy hopes

edgeX Market Lens

Wednesday split again: bitcoin and ether hovered near $73,700 and $2,050 while the Nasdaq climbed 1.6% on CoreWeave’s beat, leaving crypto lagging an AI equity repair that later stumbled when Nvidia sank about 8% after hours on the Huang ouster report. Stablecoin supply’s $14.2 billion drain, another ETF outflow day, and rising sub-$70,000 Christmas odds kept digital-asset demand thin even as MSCI’s Strategy/Metaplanet deletions hardened the bitcoin-treasury equity overhang. Gold’s bounce back toward $4,055 and Brent’s settle at $92.76 showed bargain hunting and Hormuz risk still matter, but neither restored crypto beta.

The near-term question is whether bitcoin can stop lagging equity rebounds once Nvidia’s succession shock digests, or whether ETF redemptions, empty stablecoin rails, and MSCI forced-selling talk keep the tape capped below $74,000. Cheaper-than-October oil still helps the inflation path on paper, yet fully priced December hike odds and Friday’s PPI leave gold’s $4,000 floor and any crypto bounce fragile. If bitcoin reclaims $74,000, ether holds $2,050, and Nvidia’s after-hours damage stays contained while gold keeps $4,000, Wednesday’s AI rebound can broaden. If ETF outflows re-accelerate, Huang headlines deepen the chip selloff, or gold loses $4,000 while Hormuz risk spikes oil again, the post-CPI reset will stretch into another week.

For active traders, access matters when bitcoin and ether diverge from an AI-led Nasdaq rebound, Nvidia succession risk hits chip beta overnight, and gold and oil again set the inflation backdrop into PPI. edgeX gives traders self-custodial access to crypto, Bitcoin, tokenized stock, and RWA perpetual markets around the clock.