Bitcoin Faces Volatility Amid Nvidia Concerns and Geopolitical Tension

Bitcoin saw a sharp decline, reaching its lowest levels since mid-August. The cryptocurrency retreated to the $73,500 range late Sunday. This movement triggered the liquidation of over $1.12 billion in leveraged positions across the digital asset market.

The asset lost key support by falling below its 50-week simple moving average, which sits at $75,492. The price also dipped below the cost basis for short-term holders, estimated at $75,691. Analysts note that trading volume must increase to confirm seller exhaustion.

Instability was amplified by news involving Nvidia. The company's board launched an independent investigation into allegations regarding its CEO. Although the firm denies any national security risks, the case created selling pressure on technology futures.

The geopolitical landscape also contributed to uncertainty in the risk environment. Investors are monitoring the fallout from failed talks involving Iran. These external factors pressured Nasdaq 100 futures, which showed erratic behavior before the opening of U.S. markets.

Expectations now shift to U.S. inflation data scheduled for this week. The market awaits these figures to determine the direction of risk assets. Volatility remains high as Bitcoin attempts to reclaim technical support levels.