Bitcoin traded near $71,200 on Thursday evening after hitting a fresh session low close to $71,000, its weakest level since August 20. U.S. stocks closed lower and the 10-year Treasury yield climbed to 5.105%, briefly reaching 5.12%, reinforcing expectations of another Federal Reserve tightening in December. Nvidia shares fell 4.3% after chief executive Jensen Huang resigned with immediate effect, while bitcoin-linked stocks posted steeper declines. The Justice Department also said it has the authority to seize or restrain more than $1.2 billion in cryptocurrency stolen from Binance, while Gemini reported a 19% decline in quarterly revenue.
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