Bitcoin falls below $74,000 as Nvidia probe and ETF outflows drive $1 billion in liquidations

Bitcoin traded near $74,700 on Monday morning after briefly dropping to $73,477 overnight, marking its lowest level since August. Buyers entered the market soon after the decline, helping the price recover above $75,000, but the momentum faded and bitcoin settled near $74,700 as US markets opened. The cryptocurrency market faced significant volatility as two major events unfolded during the weekend. Nvidia, a leading American chipmaker at the center of the artificial intelligence surge, became subject to an internal investigation regarding potential foreign intelligence targeting of CEO Jensen Huang. Meanwhile, US Secretary of State Marco Rubio described Iran’s latest demands as “outrageous,” leading to a stall in policy discussions. Nvidia serves as a bellwether for the AI and technology-driven risk asset rally in 2026.

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