Nvidia turmoil weighs on tech stocks as crypto market faces another sell-off
Nvidia CEO Jensen Huang apologized on Sunday for personal misconduct, and the board has launched an independent investigation. Nvidia fell more than 4% in premarket trading, with risk aversion spreading to crypto markets.
Over the past 24 hours, roughly $1.1 billion in positions were liquidated across the market. Ethereum liquidations came to nearly $500 million, exceeding Bitcoin’s $305 million. ETH fell 5.9% to around $2,100, closing below its 200-day moving average on Sunday for the first time since August 18.
Bitcoin was around $74,460, and only five of the top 100 cryptocurrencies rose more than 1% over 24 hours. Expected volatility in options markets climbed: Bitcoin’s one-week implied volatility rose from about 33% to around 43%, while Ethereum’s rose from about 46% to around 60%.
For informational purposes only; not investment advice
$BTC $ETH $XRP #比特币 #Ethereum
Nvidia CEO Jensen Huang apologized on Sunday for personal misconduct, and the board has launched an independent investigation. Nvidia fell more than 4% in premarket trading, with risk aversion spreading to crypto markets.
Over the past 24 hours, roughly $1.1 billion in positions were liquidated across the market. Ethereum liquidations came to nearly $500 million, exceeding Bitcoin’s $305 million. ETH fell 5.9% to around $2,100, closing below its 200-day moving average on Sunday for the first time since August 18.
Bitcoin was around $74,460, and only five of the top 100 cryptocurrencies rose more than 1% over 24 hours. Expected volatility in options markets climbed: Bitcoin’s one-week implied volatility rose from about 33% to around 43%, while Ethereum’s rose from about 46% to around 60%.
For informational purposes only; not investment advice
$BTC $ETH $XRP #比特币 #Ethereum