According to Coindesk, Bitcoin's price fell back to $88,000 on Thursday after a brief rally above $93,000 driven by Nvidia's strong earnings report. The initial surge occurred following Nvidia's positive earnings and outlook, which also boosted the Nasdaq. However, broader market sentiment weakened as the Federal Reserve signaled no immediate rate cuts, and the September jobs report showed stronger-than-expected job growth. Ethereum also dropped nearly 4% in an hour, partly due to FG Nexus selling holdings to buy back its stock. Crypto-related stocks, including MicroStrategy, Coinbase, and Gemini, also saw declines.
Bitcoin Slumps Back to $88K After Short-Lived Rally Triggered by Nvidia Earnings
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