Bitcoin Price Crashes as DOJ Subpoenas Nvidia – $129M in Liquidations Hit Hard
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Bitcoin (BTC) dropped below $57,000 early Wednesday, continuing its downward spiral amid market-wide losses. Other leading altcoins, including Ethereum (ETH), Dogecoin (DOGE), and Solana (SOL), also saw sharp declines. The Market Fear & Greed Index slid to a fearful 34 out of 100.
The crash is largely driven by the U.S. Department of Justice’s recent antitrust investigation into Nvidia, causing a wave of uncertainty across both stock and crypto markets. Bitcoin briefly dipped to $55,673 before staging a minor rebound.
Nvidia gets subpoena from US DoJ, Bloomberg News reports https://t.co/uYfjJnZJlL pic.twitter.com/drhhV3q7Jy
At the time of writing, the global cryptocurrency market cap was $1.98 trillion, reflecting a 24-hour decline of 4.13%.As of writing, the global cryptocurrency market cap stands at $1.98 trillion, marking a 4.13% drop over the past 24 hours.
Broader market concerns, fueled by weak ISM Manufacturing PMI data, continue to weigh on Bitcoin’s price. Investors now await U.S. economic reports that could shape Federal Reserve interest rate decisions.
At the time of writing, the global cryptocurrency market cap was $1.98 trillion, reflecting a 24-hour decline of 4.13%.
The U.S. Department of Justice (DOJ) has intensified its investigation into Nvidia’s antitrust practices by issuing subpoenas. This step marks a significant escalation from earlier questionnaires and is focused on whether Nvidia’s market dominance in AI chips has unfairly restricted competition.
Reports suggest that Nvidia may be penalizing customers who
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