📉 #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 $NVDAB 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.
#Write2Earn
The catalyst was #NVIDIA ’s reported CEO departure. Co-founder Jensen Huang reportedly resigned, sending $NVDAB 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.
#Write2Earn
