Bitcoin Price Dips Below $75k as Nvidia Scandal Weighs on Crypto

Bitcoin (BTC) is down 1.43% to $74,763 in 24 hours, underperforming a slightly weaker broader market, amid macro uncertainty and forced selling.

It shows a strong correlation (0.88) with the S&P 500, indicating a shared macro-driven move. Geopolitical and corporate scandal headlines, coupled with institutional ETF outflows, triggered a massive liquidation cascade.

Negative headlines over the weekend pressured sentiment. Reports involved a scandal around Nvidia’s CEO and stalled U.S.-Iran negotiations. This largely risk-off tone reflects the prospect of a deeper selloff in tech stocks.

NVDA, the AI bellwether and the largest stock by market value, is already down more than 4%…