BTC price eyes $73K amid Nvidia volatility: Three things to know in Bitcoin this week
Summary
Bitcoin dropped to about $73,500, its lowest level since August, amid more than $1.1 billion in leveraged crypto liquidations over 24 hours. The price fell below its 50-week moving average and short-term holder cost basis, while traders pointed to possible resistance near recent buyers’ cost basis and said heavier selling may be needed before exhaustion. Markets were also watching US CPI and PPI releases due Tuesday and Friday, with oil near $90 a barrel and rate expectations elevated. The report also covered volatility in Nasdaq futures following Nvidia’s investigation into alleged foreign intelligence targeting of its CEO.
