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Bitcoin dropped 2% while the feeling of the market has dropped following a sharp drop in Nvidia stock prices during trading before the market, fueling uncertainty before a speech closely watched by the president of the American federal reserve Jerome Powell later.
The technology giant plunged almost 7% 4:23 HNE After revealing that the Asset The administration’s decision to ban sales of H20 flea markets in China $ 5.5 billion.
The cryptography market has followed the example of Bitcoin, sliding 3.2% in the last 24 hours to a market capitalization of 2.62 billions of dollars, according to CoinmarketCap. Ethereum and XRP plunged 4% and Solana slipped more than 5% while the markets have become negative again.
Nvidia anticipates a huge success of H20 Chip Ban
Nvidia said in a regulation of April 15 deposit Let him provide for the massive accusation due to significant export restrictions imposed by the United States government, which have a negative impact on business activities with China.
It’s unusual:
At 2:20 p.m., there was a peak of $ 8 million in the Nasdaq 100 ETF.
4 hours later, the United States prohibited Nvidia, $ NvdaFrom the sale of their H20 chips to China.
The Nasdaq has now been down almost -300 points since.
Someone still knows. pic.twitter.com/srik5gua6n
– The Kobeissi letter (@kobeissiletter) April 15, 2025
NVIDIA was forbidden to send its H20 chips to China, Hong Kong and Macao. The US government said the restrictions meet the risk that fleas “can be used or diverted to a supercomputer in China”.
Investors are preparing for Powell speech later in the day
The corrections observed in BitcoinThe cryptography market and NVIDIA’s actions become before a speech carefully awaited by the president of the Fed Powell at the Chicago Economic Club later during the day.
Investors will seek Powell to get advice in the middle of the current trade war with China. Powell’s comments could shed light on questions such as impact rates could have on jobs, inflation and global perspectives of the economy.
The markets are also looking for a report on retail sales of the United States of Mars which will be published later in the day for indices on the force of the economy, although this data was collected before Trump unleashes his main prices The dam Le So-called “Liberation Day”. Since then, he has paused for 90 days a good number of these prices.
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