Nvidia market rally couldn’t save Bitcoin’s price: BTC sinks to new low. What’s up with this crypto crash?

Cryptocurrency Market Overview - 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 [1] - The overall crypto market is declining, with XRP falling below $2 per token and Ethereum (ETH) decreasing nearly 3% to $2,832 [2] Nvidia's Earnings Impact - Nvidia reported third-quarter earnings that exceeded expectations, with revenue of $57.01 billion and adjusted earnings per share (EPS) of $1.30, both significantly above Wall Street estimates [3] - Despite the initial positive reaction, Nvidia's stock fell over 2% as concerns about a potential AI bubble emerged [4] Expert Predictions on Market Valuations - Michael Burry, known for predicting the 2008 housing bubble, expressed concerns that tech companies like Meta, Nvidia, and OpenAI may be overstating profits through aggressive accounting practices while simultaneously laying off employees [5]