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Nvidia-led tech selloff weighs on crypto majors

Nvidia-led tech selloff weighs on crypto majors
AI summary

A tech selloff led by Nvidia is dragging on major cryptocurrencies, with only five of the top 100 coins by market value up 1% or more over the past 24 hours. The broad weakness across large-cap crypto suggests traders are treating digital assets as part of the same risk-on trade as tech equities. A trader would watch whether the correlation holds and whether the handful of gainers signals any rotation within the market.

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Bearish Why is Bitcoin price down today?

Bitcoin fell more than 6% toward $75,000 on November 6, trading around $75,388, as a major sell-off in US technology stocks and heavy..

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