Reasons For Crash:
-Nvidia board launches investigation into CEO Jensen Huang's relationship with Chinese spy after he admits having an affair. CEO says China is not an enemy & U.S chip policy is a "mistake."
-US tech stocks are falling, putting more pressure on volatile assets like crypto.
-Iran tensions are making people move their money into safer options like Gold
-Too Many Traders were betting on prices to go up. When BTC fell, their positions got liquidated.
-Nvidia board launches investigation into CEO Jensen Huang's relationship with Chinese spy after he admits having an affair. CEO says China is not an enemy & U.S chip policy is a "mistake."
-US tech stocks are falling, putting more pressure on volatile assets like crypto.
-Iran tensions are making people move their money into safer options like Gold
-Too Many Traders were betting on prices to go up. When BTC fell, their positions got liquidated.