Bitcoin Rebounds as Quantum Fears Mount, Nvidia CEO Faces Possible Ouster

Bitcoin has recovered from its recent decline as reports emerge that Nvidia’s board is considering replacing CEO Jensen Huang following revelations about two extramarital relationships. Meanwhile, new Glassnode data suggests that approximately 7.12 million BTC, worth over $500 billion, have publicly exposed keys that could potentially be targeted by future quantum computers.

The developments have renewed concerns across two major technology sectors. Bitcoin faces questions about its long-term cryptographic security, while Nvidia is dealing with a potential leadership shake-up that could affect its AI strategy and future technological ambitions.

Nvidia shares fell more than 8% in after-hours trading following reports of discussions about Huang’s possible removal. Board members are also reportedly evaluating an interim CEO appointment while considering candidates for a permanent replacement.

Bitcoin Recovers as Quantum Threat Raises Concerns Over $500 Billion in BTC

Bitcoin rebounded from its November 10 low of around $72,600, briefly approaching $74,000 before slipping back toward $73,700. The recovery followed a sharp market correction, although fresh Glassnode data has highlighted a potential security concern involving a significant portion of Bitcoin’s supply.

Glassnode estimates that approximately 35.4% of Bitcoin’s circulating supply, or 7.12 million BTC, has publicly exposed keys. These holdings are valued at more than $500 billion at current prices.

Much of this exposure comes from address reuse. When Bitcoin is transferred from an address, its public key becomes visible on the blockchain. Any remaining funds associated with that address could potentially become vulnerable if quantum computers eventually gain the ability to exploit exposed keys. Glassnode indicates that transferring funds to new addresses can eliminate this particular exposure.

The potential threat is associated with Shor’s algorithm, which could allow sufficiently advanced quantum computers to derive private keys from publicly available information. If quantum technology reaches that level, Bitcoin addresses relying on vulnerable cryptographic signatures could face significant security risks.

Developers are already exploring possible defenses. BIP 360 proposes alternative transaction structures aimed at reducing public-key exposure, while BIP 361 outlines a potential migration away from cryptographic signature methods considered vulnerable to quantum attacks.

Nvidia Board Considers Jensen Huang’s Future Following Relationship Controversies

Nvidia is facing growing leadership uncertainty after Reuters reported that its board was preparing to discuss whether Jensen Huang should remain CEO. The company’s 63-year-old co-founder has spent more than 30 years building Nvidia into the world’s leading AI chip supplier. However, reports surrounding two extramarital relationships have reportedly triggered internal scrutiny.

One controversy involves businesswoman Alice Huang, whose reported relationship with Jensen Huang has attracted attention from US intelligence officials. She is suspected of potentially helping Nvidia chips reach Chinese companies, raising questions about possible Chinese intelligence connections and the transfer of restricted technology.

A separate relationship was discussed in a New York Times report involving Kimberly Powell, Nvidia’s vice president of healthcare. Powell reportedly worked directly under Huang, creating additional corporate governance concerns.

Huang reportedly acknowledged his infidelity in a message to employees and accepted responsibility for his actions. Meanwhile, the board’s reported position has evolved. Although directors previously supported him, Bloomberg later reported that Nvidia had hired an external firm to evaluate potential CEO replacements.

The company has 11 board members, with all but Huang classified as independent directors. Its bylaws reportedly allow the CEO to be removed through a majority board vote.

Chief Financial Officer Colette Kress is reportedly being considered for an interim leadership position, while data-center executive Ian Buck has emerged as a possible longer-term successor. The situation is developing ahead of Nvidia’s scheduled quarterly earnings release on November 17.

Bitcoin’s Recovery Faces Long-Term Security Questions

Bitcoin’s rebound offers some relief following the latest market downturn, with buyers stepping in near $72,700 and helping prices recover part of their losses. A sustained move above $74,000 could provide momentum for another attempt at higher resistance levels.

However, concerns about quantum computing are increasingly shifting attention toward the network’s long-term security. Developers are examining potential upgrades that could protect Bitcoin against future advances in computational technology.

Nvidia faces a different challenge. Huang’s possible departure would represent a major leadership transition for a company whose growth and AI ambitions have been closely tied to its founder. Investors could reassess the company’s management structure and strategic direction if the board pursues a replacement.

For Bitcoin, the exposure of more than $500 billion in holdings highlights the importance of preparing for emerging technological threats. The network’s ability to strengthen its cryptographic protections could become a critical factor in maintaining investor confidence.

Zcash Remains Under Pressure Near $1,000 as Bears Maintain Control

Zcash continues to struggle after a sharp decline pushed the privacy-focused cryptocurrency to its lowest level since September. ZEC is trading around $980, extending its weekly losses beyond 26% as selling pressure continues to outweigh buying demand.

The decline has brought the $1,000 psychological level into focus. Traders are watching whether buyers can reclaim this threshold or whether another wave of selling could push prices lower. Zcash is also approaching its 0.5 Fibonacci retracement level, which could provide a potential support zone for a short-term recovery.

The weakness comes despite Grayscale’s recent commitment of $1 million to support the Zcash ecosystem. However, the funding initiative has so far failed to generate enough buying interest to reverse the cryptocurrency’s downward trend.

ZEC’s recovery could also depend on Bitcoin finding a stable price floor. Further weakness in the broader crypto market may make it increasingly difficult for Zcash to attract fresh capital and establish a sustainable bottom.

Ethereum Struggles Around $2,000 as Bullish Momentum Weakens

Ethereum is facing another difficult trading period as its latest recovery attempt loses strength. After reversing its August gains, ETH has returned to the $1,900–$2,050 range, placing an important technical zone under pressure.

The $2,000 mark remains a crucial level for both buyers and sellers. Holding above this threshold could help Ethereum avoid another significant decline, while a sustained recovery toward $2,200 would provide a stronger indication that bullish momentum is returning.

Until ETH manages to reclaim $2,200, its upward movements could remain short-lived rebounds rather than the start of a broader recovery.

Bitcoin ETFs See Five Consecutive Days of Outflows as Bull Trap Risks Increase

Bitcoin’s recovery is encountering another obstacle as institutional investors continue withdrawing funds from the market. US spot Bitcoin ETFs recorded five consecutive sessions of net outflows, shedding approximately $1.44 billion between November 5 and November 11.

Bitcoin is trading near $73,500 and remains below the $75,000 level. Continued withdrawals from institutional investment products have increased concerns that the recent rebound could turn into another bull trap.

The selling pressure followed Bitcoin’s brief move above $80,000 on November 4. The cryptocurrency reversed sharply the following day and has since struggled to regain its previous momentum, raising questions about whether investors are buying too early.

ETF flow data shows that spot Bitcoin products recorded $430.2 million in net withdrawals on November 5, followed by another $411.9 million on November 6. Outflows continued on November 9, 10, and 11, extending the negative trend to five consecutive trading sessions.

BlackRock’s iShares Bitcoin Trust (IBIT) was responsible for the largest share of the latest withdrawals, recording $269.7 million in net outflows on Tuesday.

Persistent ETF selling could continue weighing on Bitcoin’s recovery, particularly as traders look for stronger institutional demand to support a move back above $75,000.