😱🚨 Bitcoin fell below $72,000 on Thursday, reaching its lowest level since August 20 as a major tech-sector sell-off added pressure to crypto markets.
The catalyst was Nvidia’s reported CEO departure. Co-founder Jensen Huang reportedly resigned, sending NVDA shares down nearly 13% at the Wall Street open. CFO Colette Kress has taken over as interim CEO while the board searches for a permanent successor.
The wider market felt the pressure:
Nasdaq Composite: Down 0.6%.
Crypto liquidations: Around $717M in 24 hours.
$BTC : Fell below its 21-week moving average near $73,078.
🔎 Next major catalyst: Friday’s US Producer Price Index (PPI). Cooler inflation data could ease concerns about further Fed rate hikes.
✅️ FOLLOW FOR MORE ✅️
$BTC
$XRP
The catalyst was Nvidia’s reported CEO departure. Co-founder Jensen Huang reportedly resigned, sending NVDA shares down nearly 13% at the Wall Street open. CFO Colette Kress has taken over as interim CEO while the board searches for a permanent successor.
The wider market felt the pressure:
Nasdaq Composite: Down 0.6%.
Crypto liquidations: Around $717M in 24 hours.
$BTC : Fell below its 21-week moving average near $73,078.
🔎 Next major catalyst: Friday’s US Producer Price Index (PPI). Cooler inflation data could ease concerns about further Fed rate hikes.
✅️ FOLLOW FOR MORE ✅️
$BTC
$XRP