Daily Market Update: Crypto Prices Hold Steady as Nvidia Drops 6%
TLDR
- Amazon announced a $50 billion investment in AI and supercomputing infrastructure, initially boosting market sentiment on Monday
- Nvidia stock dropped 6% on Tuesday, raising concerns about the AI-crypto correlation that has driven crypto prices in 2025
- Bitcoin held around $87,000 but failed to gain momentum, with trading volume shifting to Solana and Ethereum instead
- Fed Governor Christopher Waller supported a December rate cut, pushing gold prices above $4,100
- Markets now pricing in 85% probability of a quarter-point Fed rate cut in December
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