Bitcoin Crashes Below $70K, Nvidia CEO Resigns, Inflation Fears Return: Weekly Crypto Recap

At the start of the week, we outlined the most significant macro events that were expected to rattle the markets. While some did, we couldn’t have envisioned the dramatic Nvidia CEO saga, which unraveled quickly and led to some major fluctuations across all financial fields. Before we dive into the past week’s developments, which were quite colorful, let’s quickly recall where we started. As explained in our Market Update from the previous Friday, BTC was already in shambles. The post-Democratic-sweep rally came to a painful halt at $81,000, and the asset tanked to a then-11-week low of just under $75,000. That was just the beginning, though. The weekend was expectedly sluggish, with BTC trading sideways between $75,500 and $76,000.

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