Bitcoin Bounce Fizzles as Nvidia’s Slide Ahead of Earnings Adds to Risk-Off Mood

A pleasant Tuesday summer evening in the U.S. was upended when bitcoin (BTC) plunged nearly 6% in a handful of minutes, more than erasing sizable gains seen late last week after a dovish turn by Federal Reserve Chair Jerome Powell and the teaming up of pro-crypto presidential candidates Donald Trump and RFK Jr.