Nvidia plunged 4% after news that CEO Jensen Huang was caught up in a romantic scandal with someone suspected of having ties to Beijing intelligence. The AI shockwave immediately hit Crypto!
This scandal isn't just a personal matter; it puts tremendous pressure on the entire AI investment trend, a narrative that has been driving the market. FUD is spreading as suspicions of Chinese espionage emerge.
$BTC reacted immediately, dropping 1% to $74,000, at one point touching $73,761. The NVDA incident, combined with stalled US-Iran negotiations and thin weekend liquidity, created a perfect storm.
The result? More than $1 billion in long positions were liquidated across the crypto market. The market is extremely sensitive and vulnerable to macroeconomic and geopolitical news.
$BTC is holding the key support level of $73,150 (200-day MA), but resistance at $77,430 (100-day MA) is still far away. Will the AI and geopolitical turmoil continue to shake Bitcoin's price?
#Crypto #Bitcoin #AI
$BTC $NVDA
This scandal isn't just a personal matter; it puts tremendous pressure on the entire AI investment trend, a narrative that has been driving the market. FUD is spreading as suspicions of Chinese espionage emerge.
$BTC reacted immediately, dropping 1% to $74,000, at one point touching $73,761. The NVDA incident, combined with stalled US-Iran negotiations and thin weekend liquidity, created a perfect storm.
The result? More than $1 billion in long positions were liquidated across the crypto market. The market is extremely sensitive and vulnerable to macroeconomic and geopolitical news.
$BTC is holding the key support level of $73,150 (200-day MA), but resistance at $77,430 (100-day MA) is still far away. Will the AI and geopolitical turmoil continue to shake Bitcoin's price?
#Crypto #Bitcoin #AI
$BTC $NVDA