Nvidia-led tech selloff weighs on crypto, with few top coins gaining
A selloff in tech stocks, led by Nvidia, is pressing on major cryptocurrencies. Only five of the top 100 coins by market value are up 1% or more over the past 24 hours. For traders, this points to broad weakness and a market that is currently taking its direction from tech.
Why it matters
- Only five of the top 100 cryptocurrencies are up 1% or more over 24 hours.
- The weakness is linked to a tech selloff led by Nvidia.
- Crypto majors appear to be reacting to moves in tech, not just crypto-specific news.
What to watch next
Watch whether the tech selloff eases or deepens, since that is likely to set the tone for crypto majors next.
