BTC Price at Risk as Nvidia Volatility Fuels Market Uncertainty

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Bitcoin price action fell to its lowest levels since mid-August as Nvidia reports added to sell-side pressure across stock-market futures.

Bitcoin (BTC) fell to about $73,500 late Sunday, its lowest level since August, as more than $1 billion in leveraged crypto positions were liquidated ahead of this week’s US inflation reports.

Bitcoin hit its lowest level since Aug. 21 shortly before Sunday’s weekly close, then briefly recovered above $75,000.

Nasdaq 100 futures swung between gains and losses after Nvidia’s board announced an investigation into whether CEO Jensen Huang was targeted by a foreign intelligence effort.

US consumer and producer price reports are due Tuesday and Friday, respectively. Economist Robin Brooks said falling oil prices could lift Bitcoin.

Bitcoin slipped below $74,000 shortly before Sunday’s weekly close, extending last week’s losses.

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