Bitcoin's Nvidia-Led Gains Prove Short-Lived, With Price Slumping Back to $88K

Continuing with recent patterns, even the most modest of crypto gains were met with waves of selling on Thursday, sending bitcoin (BTC) back to $88,000 after a rally above $93,000 just hours earlier. The move higher had begun on Wednesday evening in the U.S. after Nvidia (NVDA) calmed jittery markets with an earnings beat and rosy outlook. In addition to boosting battered crypto, the NVDA results sent the Nasdaq higher by more than 2%. Stocks are also rapidly reversing their gains, with the Nasdaq now hi ...