Bitcoin, tech stocks brush off Nvidia nerves as analyst mulls $68K target
Bitcoin rose above $75,000 during Monday’s US trading session after dipping to $73,500 over the weekend, tracking a rebound in technology stocks. The Nasdaq gained 2.5% early in the session as Nvidia shares recovered from an initial decline linked to a disputed report about a Chinese intelligence effort targeting CEO Jensen Huang. Falling oil prices also supported risk assets. Bitcoin traded between its 21-week and 50-week moving averages, around $73,078 and $75,492. Material Indicators cofounder Keith Alan said thin order books and macro conditions could leave room for a decline toward the 200-week average near $67,755, though he said weekly indicators were beginning to look more bullish. Crypto liquidations totaled $1.2 billion over 24 hours.
