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Bitcoin Rebounds to Near $73,700 Following Tech Selloff and Nvidia Turmoil

Bitcoin rebounded to trade around $73,700 after dropping to a recent low of $72,600 amid broad technology and digital asset volatility. Earlier, crypto markets suffered contagion as Bitcoin broke below $76,000, coinciding with an 8% drop in Nvidia and a 5% decline in the Nasdaq following reports that Nvidia's board is considering replacing CEO Jensen Huang after an independent investigation. The market moves also raised concerns over AI compute pivots by Bitcoin miners like Core Scientific and IREN, while Glassnode reported 35.4% of Bitcoin's supply faces theoretical quantum computing vulnerability from exposed keys.

Category

Bitcoin

Sentiment

Mixed

Event

Market move

Reading time

1 min