Bitcoin $BTC is trading at $74,874.67, recovering slightly over the final hours of the day but capping off a highly volatile session that triggered massive liquidations across the digital asset space.
Major Market Catalysts Today
• The Nvidia $NVDAB Macro Shocker: Cryptocurrencies faced heavy macro-driven selling after shares of AI giant Nvidia Corp plummeted over 4%. The tech selloff intensified following revelations that CEO Jensen Huang is under an independent board investigation regarding a personal relationship linked to a suspected intelligence leak.
• Over $1 Billion in Liquidations: The sudden tech-led panic caught leveraged crypto bulls off-guard, triggering $913 million in forced long liquidations (out of $1.1 billion total liquidations) over the last 24 hours. Ethereum$ETH bore the heaviest brunt, suffering $448 million in wiped-out positions.
• Fitch Affirms Bitcoin Resilience: Despite the severe $6.3 billion Binance security exploit late last month, a new report published today by Fitch Ratings highlighted that Bitcoin’s structural liquidity has matured, showing significantly stronger resilience to systemic platform shocks than in previous cycles.
• Massive Weekly ETF Capital Flight: Institutional demand signals flashed deep red as U.S. spot Bitcoin ETFs suffered a severe $1.282 billion weekly outflow—their worst five-day performance since June.
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