Bitcoin prices may see a boost from Nvidia’s massive valuation drop and a pipeline of Initial Public Offerings (IPOs) from prominent cryptocurrency firms, analysts suggest. Shares in chip maker Nvidia closed down nearly 17% on Jan.
Bitcoin (BTC) managed a minor bounce of its worst levels of the day, but the bitcoin mining stocks were unable to reverse any of their plunge as
As attention on Chinese startup DeepSeek and its artificial-intelligence model led to a $1 trillion wipeout in the U.S. stock market on Monday, shares of bitcoin miners with exposure to artificial intelligence also tumbled.
Overzealous hopes for Trump's crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered's Geoff Kendrick.
According to their latest 13F filings, some billionaires have been selling their Nvidia shares. Millennium Management's Israel Englander reduced his position in Nvidia by 12.5% in the third quarter of 2024. Capula Managment's Yan Huo trimmed his stake in Nvidia by 27.7% in the third quarter.
Bitcoin (CRYPTO: BTC) may have found a new friend in town, as Fed Chair Jerome Powell took a surprisingly open stance on crypto assets during his
Wall Street opens up on relief Meta and Microsoft kept their AI spending plans even as their earnings come in mixed. Next up, Apple after the close.
Tom Lee, head of Fundstrat Research, discussed Monday's market sell-off as an "overreaction". On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the covid outbreak and will prove to be a great buying moment.
Nasdaq tumbles as Nvidia leads tech selloff. DeepSeek’s low-cost AI shakes US dominance, impacting Bitcoin, cryptos, and chip stocks. Click for analysis.
Bitcoin surges past $103K after a market dip triggered by DeepSeek’s AI shock. Institutional accumulation grows, with BTC targeting $150K.
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has disclosed that it owns over $500 billion worth of MicroStrategy (MSTR) equities. The fund also recently revealed its 2024 investment returns, collecting heavy profits from the US tech stock markets.
The upcoming Fed interest rate decision on Wednesday could bring volatility spikes in risky assets like Bitcoin.