Bitcoin slides toward $71K as Nvidia stock tumbles after Huang steps down
Bitcoin fell to its lowest leve since Aug. 20 as tech stocks slid following the resignation of Nvidia CEO Jensen Huang.
This story was originally published by Cointelegraph.
More Bitcoin News
Bitcoin
Bitcoin’s spot-demand signal is improving. A bigger futures slump is drowning it out
Both demand components remain negative, leaving Bitcoin’s tentative stabilization dependent on persistent spot improvement and easing futures weakness.
Bitcoin
Scottish Prisoner Orchestrates $2,655,284 Crypto Theft Bid from Cell
A convicted cybercriminal is masterminding an audacious attempt to steal up to £2 million ($2,655,284) in cryptocurrency by directing accomplices from behind bars using remote access software and…
Bitcoin
Bitcoin plunges to $71k as Jensen Huang abruptly resigns sending Nvidia into $2 trillion wipeout
Nvidia co-founder Jensen Huang resigned Thursday, sending the chipmaker's shares tumbling and intensifying a selloff across cryptocurrency markets. On Nov. 12, the company announced that Huang had…
Bitcoin
Bitcoin dismal descent continues: Is $69K next?
The Bitcoin price seems to be in a downward spiral that it just cannot break out of. Every single upward rally stops short of the previous one and every correction goes further down than the one…
Bitcoin
Rumble (RUM) Sells Two-Thirds of Its Bitcoin as AI Cloud Business Delivers First Profitable Quarter
RUM Group, the parent of video platform Rumble, cut its bitcoin holdings by about two-thirds in the third quarter, the company disclosed Wednesday, as its newly acquired AI cloud business pushed it…
Bitcoin
Bitcoin Falls Alongside Nvidia as ETF Outflows Reach $1.44 Billion
Bitcoin falls alongside Nvidia on Thursday as renewed selling in technology stocks weighed on risk assets, while persistent withdrawals from US spot Bitcoin exchange-traded funds added further…