Investors would have been hoping for sizable gains, seeing as Nvidia's solid earnings have sparked a rally for tech stocks.

Bitcoin's (BTC-USD) slump deepened Thursday just as U.S. stocks gave back gains fueled by Nvidia's (NVDA) Q3 earnings beat, in a sign of renewed investor caution. The cryptocurrency retreated 4.7% in the last 24 hours to $87.

The move pushed BTC to its lowest level since April and erased most of its 2025 gains, with the market cap slipping to roughly $1.77 trillion and 24-hour volumes topping $70 billion as forced liquidations and de-risking rippled through futures markets.

Bitcoin drops to a new monthly low after Nvidia's strong outlook calms AI bubble fears, raising concerns of further downside ahead.

Can Bitcoin really overtake Nvidia's massive market cap in just five years? The simple math might surprise you.

Nvidia, the market’s heaviest influence, fell 2.8% and is down more than 10% for the month as concerns grow about inflated AI stock prices. Nearly half of major investors now view an AI bubble as the top market risk,

Just a day earlier, Bloomberg's Mike McGlone warned that the market could unwind all the way to $10,000. He added that Bitcoin's current structure reminds of the major unwinds seen in 2018, when the price collapsed from $10,000 to nearly $3,000.

Stocks moved mostly higher on Wednesday as Wall Street looked to recover from a tech-led sell-off as investors awaited earnings from Nvidia that will set the tone for the next leg