Join our Telegram Channel to stay up to date on breaking the news scope
Bitcoin fell 2% as market sentiment fell following a sharp fall in Nvidia's stock price during pre-market trading, which fuel uncertainty leads to a closely watched US Federal Reserve Chair Jerome Powell's speech later today.
The tech giant is Falling almost 7% Number of 4:23 am est After revealing the Trump The administration's decision to ban h20 chip sales in china will spend it $ 5.5 billion.
The Crypto market followed the Bitcoin lead, which slipped 3.2% over the past 24 hours in a market capitalization of $ 2.62 trillion, according to CoinMarketCap. Ethereum and XRP fell 4% and Solana slipped over 5% as markets became negative again.
Nvidia expects big hit from H20 Chip Ban
Nvidia stated in a regulation of April 15 File It expects massive charges due to significant export restrictions imposed by the US government, which negatively affects the company's business in China.
This is not uncommon:
At 2:20 pm, there is a $ 8 million spike placed in Nasdaq 100 ETF.
4 hours later, the US banned Nvidia, $ NVDAFrom selling their H20 chips to China.
NASDAQ has now dropped almost -300 points from the moment.
Someone always knows. pic.twitter.com/srik5gua6n
– The Kobeissi letter (@KobeissileTter) April 15, 2025
Nvidia has been banned from sending its H20 chips to China, Hong Kong and Macau. The US government said restrictions address the risk that chips can be used, or transferred to, a supercomputer in China. “
Investors for Powell Speech later today
The corrections seen in the BitcoinThe Crypto Market and Nvidia Shares preceded a diligently awaited speech by Fed Chair Powell at the Economic Club of Chicago later today.
Investors are looking for Powell for the guide amid the ongoing trade war in China. Powell's comments can light issues such as the impact of tariffs on jobs, inflation, and the overall perspective for the economy.
The markets are also looking for a March US Retail Sales report to be released later today for economic strength clues, even though that data has been collected before Trump released his main tariff barrage in the so -called “release day.” He has been quiet for 90 days many of those tariffs.
Related Articles:
Best Wallet -Variety -Your Crypto portfolio varies
- Easy to use, feature driven by crypto wallet
- Get early access to upcoming ICO token
- Multi-chain, multi-wallet, non-custodial
- Now in the App Store, Google Play
- Stake to earn native token $ best
- 250,000+ monthly active users
Join our Telegram Channel to stay up to date on breaking the news scope
