Bitcoin price news: BTC's advance appearing to be a one-day event
CoinDesk
Bitcoin fell below $67,000, erasing Wednesday's gains amid a broader tech selloff led by Nvidia.Summary
Bitcoin is retreating during U.S. morning hours on Thursday, rapidly reversing strong gains from the previous day. BTC pulled back over 4% from its Wednesday high near $70,000, settling just under $67,000, with Ether and Solana also declining. This selloff coincides with a 2% drop in the Nasdaq, driven by investors selling shares of Nvidia (NVDA) following its earnings report, despite the company not disappointing. Bitcoin's correlation with the embattled tech sector, particularly semiconductor stocks like Broadcom and Intel, is noted, contrasting with software sector strength. Crypto-related stocks like Coinbase and MicroStrategy also saw declines, while stablecoin issuer Circle Financial continued to outperform.
(Source：CoinDesk)