Bitcoin Drops Below $68K as Buyers Quietly Vanish

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Bitcoin crashed below the key $70,000 support level on Friday, hitting a three-month low of $67,650 as a sudden leadership crisis at Nvidia, new MSCI index rules, and hot U.S. inflation rattled global markets.

Bitcoin fell 8.6% in 24 hours to $67,650 on early Friday, its lowest mark since August 19, extending a 10.2% weekly decline.

While yesterday’s pullback below $73,000 was driven largely by macroeconomic jitters, Friday’s breakdown reflects a rare convergence of tech-sector turmoil, institutional index risks, and evaporating spot liquidity.

MSCI’s New Index Rules Put Michael Saylor’s Strategy Under Pressure

Adding structural pressure to crypto equities, index provider MSCI’s November Index Review has placed Bitcoin treasury companies, including Michael Saylor’s Strategy (MSTR) and Tokyo-listed Metaplanet, at risk of losing their place in major stock market indexes.

Under MSCI’s updated eligibility rules companies that hold too much of their assets in investments rather than running an operating business could lose their eligibility for indexes such as the MSCI USA and MSCI World.

When a company is dropped from a major index, funds that track it often have to sell their shares, which can drive down demand and put pressure on the stock price.