#NvidiaInvestigatesAfterHuang’sAffairApology
$BTC fell below $74,000 for the first time since August, and $ETH dropped below $2,100. And one of the triggers came from outside the crypto market.
Over the weekend, Nvidia’s board launched an investigation into reports of possible espionage targeting CEO Jensen Huang. According to media reports, he had been in contact with a woman suspected by US intelligence agencies of spying for China.
Bitcoin and tech stocks often fall together. According to Ecoinometrics, when the Nasdaq lost more than 1.5% in a day, bitcoin fell in three out of four cases. But over the weekend, stock markets were closed while crypto kept trading, so crypto took the hit.
📈 BTC swung sharply in both directions, and more than $1 billion in positions were liquidated over 24 hours. Around 90% of them were bets on a price rise. When prices fall, these positions can be forced to close, which can push prices down even further.
$NVDA
$BTC fell below $74,000 for the first time since August, and $ETH dropped below $2,100. And one of the triggers came from outside the crypto market.
Over the weekend, Nvidia’s board launched an investigation into reports of possible espionage targeting CEO Jensen Huang. According to media reports, he had been in contact with a woman suspected by US intelligence agencies of spying for China.
Bitcoin and tech stocks often fall together. According to Ecoinometrics, when the Nasdaq lost more than 1.5% in a day, bitcoin fell in three out of four cases. But over the weekend, stock markets were closed while crypto kept trading, so crypto took the hit.
📈 BTC swung sharply in both directions, and more than $1 billion in positions were liquidated over 24 hours. Around 90% of them were bets on a price rise. When prices fall, these positions can be forced to close, which can push prices down even further.
$NVDA