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Bitcoin decreased by 2 % with a decrease in market morale after a sharp decrease in the price of NVIDIA shares during pre -market trading, which prompted uncertainty before a speech that was closely seen by US Federal Reserve Chairman Jerome Powell later today.
It was a technology giant Nearly 7 % decreased From 4:23 AM East US time After revealing that Trump The administration’s decision to ban the sales of the H20 chips to China will cost it 5.5 billion dollars.
Follow the encryption market Bitcoin progress, 3.2 % slide in the past 24 hours to the market value of $ 2.62 trillion, according to Coinmarketcap. Ethereum and XRP 4 % decreased and Solana slipped over 5 % as negative markets turned again.
NVIDIA expects a huge blow from the H20 chip ban
Nafidia said in the April 15 organization presentation He expects massive shipping due to the large export restrictions imposed by the US government, which negatively affects the company’s business with China.
This is unusual:
At 2:20 pm, there was a height of $ 8 million in Nasdaq 100 ETF.
After 4 hours, the United States banned NVIDIA, $ NvdaFrom selling H20 chips to China.
Nasdak has now decreased nearly 300 points since then.
Someone always knows. pic.twitter.com/srik5Gua6n
Kobeissileter’s message April 15, 2025
NVIDIA was prevented from charging H20 chips to China, Hong Kong and Macau. The US government said that the restrictions deal with the danger that the chips be used “or they are converted into a super computer in China.”
Investors prepare for Powell’s speech later today
The corrections were seen in BitcoinCrypto Market and Nvidia shares came before a speech called by the Federal Reserve Chairman Powell at the Chicago Economic Club later today.
Investors will look at Powell for guidelines amid the ongoing trade war with China. Powell’s comments can shed light on issues such as a tariff that you may face on jobs, inflation and comprehensive expectations for the economy.
The markets are also looking for a report on US retail sales in March that will be released later today for evidence about the power of the economy, although these data were collected before Trump released the main definition of the so -called “liberation day”. It has since stopped for 90 days for many of these definitions.
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