This article first appeared on GuruFocus.
Bitcoin (BTC-USD) didn't just slip below $90,000 it yanked global markets into a sharper downdraft, unsettling investors who were already uneasy ahead of Nvidia (NASDAQ:NVDA)'s earnings and shifting expectations for US rate cuts. The cryptocurrency fell as much as 2.8% before trimming part of the loss, but according to Fidelity International's Joseph Zhang, the broader decline across ***** ets over the past week could be tied to spillover from crypto. Some strategists warned that the drop may prompt retail traders to sell other holdings to meet margin
Bitcoin (BTC-USD) didn't just slip below $90,000 it yanked global markets into a sharper downdraft, unsettling investors who were already uneasy ahead of Nvidia (NASDAQ:NVDA)'s earnings and shifting expectations for US rate cuts. The cryptocurrency fell as much as 2.8% before trimming part of the loss, but according to Fidelity International's Joseph Zhang, the broader decline across ***** ets over the past week could be tied to spillover from crypto. Some strategists warned that the drop may prompt retail traders to sell other holdings to meet margin
1 month ago