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Bitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeout

By Oluwapelumi Adejumo

Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets. On Nov. 12, the company announced that Huang had stepped down as chief executive, president, and board member, effective immediately, ending his 33-year leadership of the…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Semiconductor

A material, usually silicon, used to make the chips that process and store information in electronic devices.

Chips power everything from phones to cars, so their supply has become a strategic issue for governments.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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