Nvidia market rally couldn't save Bitcoin's price: BTC sinks to new low. What's up with this crypto crash?
NvidiaNvidia(US:NVDA) Fastcompany·2025-11-21 16:11

Cryptocurrency Market - Bitcoin (BTC) experienced a sell-off on November 20, dropping 3% to $86,410.50 after reaching above $93,000 earlier in the day, marking its lowest level since April [2][3] - The overall crypto market is declining, with XRP falling below $2 per token and Ethereum (ETH) shedding nearly 3% to trade at $2,832 [3] Stock Market and Nvidia - Nvidia reported third-quarter earnings that exceeded expectations, with revenue of $57.01 billion and adjusted earnings per share (EPS) of $1.30, both surpassing Wall Street estimates [4] - Despite the positive earnings report, Nvidia's stock fell more than 2% as investors expressed concerns about a potential AI bubble, with predictions of inflated valuations and earnings from experts like Michael Burry [4][5] Concerns Over Tech Companies - Michael Burry has raised concerns that tech companies, including Meta, Nvidia, and OpenAI, are overstating profits through aggressive accounting practices while simultaneously laying off employees [5]