Bitcoin, Ethereum Slide as Nvidia Weighs on Tech Stocks
Major cryptocurrencies retreated as Nvidia dragged tech shares, adding to a risk-off tone. An analyst flagged a historical “sweet spot” for BTC bottoms.
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Crypto didn’t fall in a vacuum Thursday: Bitcoin and Ethereum slid in tandem with a tech-led wobble in equities, with Nvidia singled out as a weight on the broader complex. The tape read “risk-off,” and that same caution bled straight into major altcoins like XRP and Dogecoin.
What matters isn’t just that prices pulled back—it’s why the market narrative snapped back to “have we really bottomed?” right as an analyst pointed to a historical BTC “sweet spot” for bottoms. That’s classic late-cycle psychology: traders hunting certainty while the sky loads the catalyst.
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