Nvidia’s 6% drop, linked to U.S. Export restrictions, triggered a wider sell-off in tech stocks, leading to the Dow Jones falling 288 points and the S&P 500 down by 1.4%. This turmoil also affected Bitcoin, which dropped to 83,725 USD.
Investor confusion grows as Bitcoin fails to serve as a safe haven amid increasing market instability. According to Mike Novogratz, CEO of Galaxy, Bitcoin’s performance reflects broader tech stock trends rather than its traditional role as a hedge.
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