#whowillsucceedjensenhuangatnvidia?
BITCOIN REACTS TO THE NVIDIA SHOCK📉 NVIDIA'S LEADERSHIP CRISIS AND BITCOIN'S SUDDEN DROP!
The crypto market experienced significant selling pressure around the announcement of Jensen Huang's resignation.
According to The Block's November 12 report:
Bitcoin traded as low as approximately $71,200.
BTC was down around 3.4% at the time of publication.
More than $750 million in crypto positions were liquidated over 24 hours.
Long positions accounted for more than $634 million of those liquidations.
But there is an important detail: other market pressures, including the MSCI decision concerning Strategy, were also affecting crypto.
We cannot conclude that NVIDIA's leadership change alone caused Bitcoin's decline.
Question: Is this a temporary market reaction, or could uncertainty in the AI industry create further pressure on crypto?
#BTC #NVIDIA #CryptoMarket #BinanceSquare
$AKE
$CYBER
$INIT
BITCOIN REACTS TO THE NVIDIA SHOCK📉 NVIDIA'S LEADERSHIP CRISIS AND BITCOIN'S SUDDEN DROP!
The crypto market experienced significant selling pressure around the announcement of Jensen Huang's resignation.
According to The Block's November 12 report:
Bitcoin traded as low as approximately $71,200.
BTC was down around 3.4% at the time of publication.
More than $750 million in crypto positions were liquidated over 24 hours.
Long positions accounted for more than $634 million of those liquidations.
But there is an important detail: other market pressures, including the MSCI decision concerning Strategy, were also affecting crypto.
We cannot conclude that NVIDIA's leadership change alone caused Bitcoin's decline.
Question: Is this a temporary market reaction, or could uncertainty in the AI industry create further pressure on crypto?
#BTC #NVIDIA #CryptoMarket #BinanceSquare
$AKE
$CYBER
$INIT
