Bitcoin's Nvidia-Led Gains Prove Short-Lived, With Price Slumping Back to $88K.
#BTCcrush Bitcoin fell back to nearly $88,000 in U.S. morning trading hours Thursday, erasing a move to $93,000 following Nvidia earnings overnight.
Ether dropped below $2,900, as ETH treasury company FG Nexus offloaded some of its tokens to buy back shares.
Michael Saylor's Strategy fell more than 4% to hit a new 52-week low.
Continuing with recent patterns, even the most modest of crypto gains were met with waves of selling on Thursday, sending bitcoin
BTC
$86,149.85
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%.
