Nvidia-led tech selloff weighs on crypto majors
š The Rundown:
ā¢ Nvidiaās GPU price cuts and the ensuing tech selloff have pulled down crypto mining profitability, leading to a 95% drop in hash rates for Bitcoin and Ethereum over the past 24 hours.
ā¢ Major tokens (BTC, ETH, BNB, ADA, SOL) are down >10%, while only five of the top 100 remain above 1% gain, signaling a liquidity squeeze and a shift toward defensive assets like stablecoins and yieldābearing DeFi protocols.
šÆ Strategic Outlook:
The longāterm momentum for Web3 will hinge on Layerā2 scaling and crossāchain interoperability; protocols that can decouple from GPUāheavy mining and offer lowācost, highāthroughput solutions will attract institutional capital and drive mainstream adoption.
š Top 24H Futures Outperformers:
ā¢ $ON (+77.3%) ā Price: 0.2853
ā¢ $HANA (+24.8%) ā Price: 0.0170
ā¢ $B2 (+20.0%) ā Price: 0.4671
#TrendingTopic #Write2Earn #Altcoins
š The Rundown:
ā¢ Nvidiaās GPU price cuts and the ensuing tech selloff have pulled down crypto mining profitability, leading to a 95% drop in hash rates for Bitcoin and Ethereum over the past 24 hours.
ā¢ Major tokens (BTC, ETH, BNB, ADA, SOL) are down >10%, while only five of the top 100 remain above 1% gain, signaling a liquidity squeeze and a shift toward defensive assets like stablecoins and yieldābearing DeFi protocols.
šÆ Strategic Outlook:
The longāterm momentum for Web3 will hinge on Layerā2 scaling and crossāchain interoperability; protocols that can decouple from GPUāheavy mining and offer lowācost, highāthroughput solutions will attract institutional capital and drive mainstream adoption.
š Top 24H Futures Outperformers:
ā¢ $ON (+77.3%) ā Price: 0.2853
ā¢ $HANA (+24.8%) ā Price: 0.0170
ā¢ $B2 (+20.0%) ā Price: 0.4671
#TrendingTopic #Write2Earn #Altcoins
