Bitcoin Sinks Below $57K, Ethereum, Dogecoin Tumble As Crypto Liquidations Surge: Veteran Analyst Spots King Crypto's Reversal Pattern From Bullish To Bearish
Portfolio Pulse from Aniket Verma
Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant declines, leading to large liquidations of bullish bets. Bitcoin's price fell sharply, and the market sentiment turned bearish. Nvidia's stock also dropped significantly after receiving a DOJ subpoena.
September 04, 2024 | 2:04 am
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NEGATIVE IMPACT
Nvidia's stock fell 9.53% and continued to decline in after-hours trading after receiving a subpoena from the DOJ. This regulatory issue adds pressure to Nvidia amid a broader market downturn.
Nvidia's stock decline is directly linked to the DOJ subpoena, which raises regulatory concerns. The broader market downturn exacerbates the negative sentiment, likely leading to further short-term declines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80