đ Bitcoin hits 12-week low as Jensen Huang leaves Nvidia, rattling markets
$BTC just fell to a low of around $71,200, its lowest level in 12 weeks. The drop came amid two major headlines at once: Jensen Huang stepping down from his position at Nvidia and MSCI confirming it would remove Strategy from its index.
According to the data, around $750M in crypto positions were liquidated during this volatility. The figure points to a large number of leveraged positions being wiped out as prices fell rapidly.
For traders, it is worth noting that news from traditional stock markets, such as Nvidia or MSCI, can also directly affect crypto prices. When market sentiment is fragile, macroeconomic news and news related to Strategy, a company that holds a large amount of BTC, can lead to greater-than-usual volatility. Risk and leverage management remain factors that require careful consideration. (Not investment advice)
Do you think this is a short-term correction or a sign of a prolonged weakening trend?
#hoangducinvest #Bitcoin #Crypto
Source: The Block
$BTC just fell to a low of around $71,200, its lowest level in 12 weeks. The drop came amid two major headlines at once: Jensen Huang stepping down from his position at Nvidia and MSCI confirming it would remove Strategy from its index.
According to the data, around $750M in crypto positions were liquidated during this volatility. The figure points to a large number of leveraged positions being wiped out as prices fell rapidly.
For traders, it is worth noting that news from traditional stock markets, such as Nvidia or MSCI, can also directly affect crypto prices. When market sentiment is fragile, macroeconomic news and news related to Strategy, a company that holds a large amount of BTC, can lead to greater-than-usual volatility. Risk and leverage management remain factors that require careful consideration. (Not investment advice)
Do you think this is a short-term correction or a sign of a prolonged weakening trend?
#hoangducinvest #Bitcoin #Crypto
Source: The Block