Bitcoin has bounced back from recent lows as reports suggest Nvidia’s board is considering removing CEO Jensen Huang following revelations of two extramarital relationships. At the same time, Glassnode data indicates that 7.12 million BTC, valued at more than $500 billion, already have publicly exposed keys that could potentially be vulnerable to future quantum computers.
These developments have placed two major technology industry figures under scrutiny. Bitcoin is facing renewed concerns over its long-term cryptographic security, while Nvidia is dealing with a potential leadership shake-up that could affect its AI leadership and ambitions in quantum computing.
Nvidia shares dropped more than 8% in after-hours trading following reports that board members were preparing to oust Huang. Directors are also reportedly considering appointing an interim CEO before beginning a broader search for a permanent successor.
Bitcoin Recovers as Quantum Risks Put $500 Billion in Holdings Under Scrutiny
Bitcoin recovered from its November 10 low of $72,600, climbing to approximately $74,000 before retreating to around $73,700 this morning. The rebound provided some relief to buyers following the sharp decline earlier this month. However, new Glassnode data points to a potential security weakness involving more than one-third of Bitcoin’s circulating supply.
Glassnode estimates that around 35.4% of Bitcoin’s total supply, or approximately 7.12 million BTC, has publicly exposed keys. Based on current prices, these holdings are worth more than $500 billion.
Most of this exposure results from address reuse. Whenever Bitcoin is spent from an address, its public key becomes visible on the blockchain. Any remaining funds linked to that key could potentially be vulnerable if quantum computers become powerful enough to exploit the exposure. Glassnode notes that transferring the funds to new addresses can eliminate this particular risk.
The main concern involves Shor’s algorithm, which could theoretically enable sufficiently advanced quantum computers to calculate private keys using publicly available information. Such a development could compromise the cryptographic protections securing vulnerable Bitcoin holdings.
Bitcoin developers are already examining possible solutions. BIP 360 introduces alternative transaction structures intended to limit public-key exposure, while BIP 361 proposes a possible transition away from signature schemes considered vulnerable to quantum attacks.
Nvidia Board Reportedly Considers Removing Jensen Huang After Relationship Revelations
Nvidia’s leadership uncertainty intensified after Reuters reported that the company’s board was meeting late Wednesday to discuss whether Huang should be removed. The 63-year-old co-founder has spent more than 30 years building Nvidia into the leading supplier of AI processors. However, reports about two extramarital relationships have prompted an internal investigation and increased scrutiny of his position.
One controversy involves Alice Huang, a businesswoman whose reported relationship with Jensen Huang has drawn the attention of US intelligence officials. She is suspected of potentially helping Nvidia chips reach Chinese companies. The investigation has raised questions about possible Chinese intelligence connections and whether the company’s technology was supplied to restricted buyers.
A separate relationship was highlighted in a New York Times report identifying Kimberly Powell, Nvidia’s vice president of healthcare. Powell reportedly worked directly under Huang, adding further corporate governance concerns to the situation.
Huang reportedly admitted to being unfaithful to his wife in a message sent to employees and accepted responsibility for his conduct. Meanwhile, the board’s position appears to have changed quickly. Although directors had previously backed Huang, Bloomberg later reported that Nvidia had hired an external firm to assess potential CEO replacements.
Nvidia has 11 board members, and all except Huang are considered independent directors. Under the company’s bylaws, a majority vote is sufficient to remove the CEO.
Chief Financial Officer Colette Kress is reportedly among the candidates being considered for an interim leadership role. Data-center executive Ian Buck has also attracted attention as a possible longer-term successor. The uncertainty comes at a crucial time, as Nvidia is scheduled to publish its quarterly earnings on November 17.
Bitcoin’s Recovery Highlights Wider Technology and Security Challenges
Bitcoin’s latest price rebound offers a contrasting development amid the broader technology-sector uncertainty. Buyers stepped in near $72,700 following the November 10 sell-off, helping BTC recover some of its losses. A sustained move above $74,000 could give bullish traders an opportunity to test higher resistance levels.
Meanwhile, growing concerns about quantum computing are encouraging Bitcoin developers to explore potential security upgrades that could protect the network over the long term.
Nvidia faces a separate but equally significant challenge. Huang’s departure would remove the founder most closely associated with the company’s rise to AI dominance, potentially prompting investors to reconsider its leadership structure and future direction.
The potential $500 billion quantum exposure has introduced another source of concern for Bitcoin investors. Ultimately, the network’s ability to adapt to emerging technological threats may prove as important as its short-term price movements.
Zcash Price Struggles Near $1,000 as Selling Pressure Intensifies
Zcash is having difficulty recovering above $1,000 after a sharp decline pushed the privacy-focused cryptocurrency to its lowest level since September. ZEC is trading near $980, extending its weekly losses beyond 26% as sellers continue to dominate market activity.
The decline has brought the important $1,000 psychological threshold into focus. Traders are watching whether buyers can push the price back above this level before further selling develops. Zcash is also nearing its 0.5 Fibonacci retracement level, which could provide an area of interest for traders anticipating a short-term rebound.
The weakness is particularly notable because Grayscale recently pledged $1 million toward supporting the Zcash ecosystem. However, its funding initiative and development support have so far failed to ease the selling pressure.
Any meaningful technical recovery may depend on Bitcoin finding stability after its own recent decline. Continued weakness in BTC could make it harder for ZEC to attract enough buying interest to establish a sustainable bottom.
Ethereum Faces Another Test Around the $2,000 Price Level
Ethereum is once again testing investor confidence as its latest recovery attempt loses momentum. After surrendering its August gains, ETH has returned to the $1,900–$2,050 range, putting an important breakout zone under pressure.
The $2,000 mark has become a key battleground for the market. Buyers need to protect this level to prevent another round of selling from driving Ethereum lower. Meanwhile, traders are increasingly focused on $2,200 as the level ETH needs to reclaim to demonstrate a more convincing recovery.
Until Ethereum moves back above that threshold, its rebounds could remain temporary rather than signal the beginning of a sustained upward trend.
Bitcoin ETF Outflows Continue for Five Sessions as Bull Trap Concerns Grow
Bitcoin’s recovery is facing another obstacle as institutional investors continue withdrawing capital from the market. US spot Bitcoin ETFs recorded five consecutive sessions of net outflows, losing approximately $1.44 billion between November 5 and November 11.
BTC is trading near $73,500 and remains unable to reclaim the $75,000 level. The continued ETF withdrawals have raised concerns about whether the broader crypto market could be heading into another bull trap.
The timing has added to investor uncertainty. Bitcoin briefly moved above $80,000 on November 4 before reversing sharply the following day. Since then, the market has struggled to rebuild upward momentum, raising questions about whether buyers are entering positions too early.
The latest withdrawal figures show that Bitcoin ETFs lost $430.2 million on November 5, followed by another $411.9 million on November 6. Net outflows continued across November 9, 10, and 11.
BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the largest share of the latest selling activity, recording $269.7 million in net withdrawals yesterday.
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