Get-Rich-Quick Trades Suddenly Reverse as Nvidia, Bitcoin Slump
- Leading digital asset, AI poster child both suffered drubbings
- Pepperstone’s Chris Weston says momentum ‘works both ways’
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Bitcoin and Nvidia Corp. just reminded investors that the market’s hottest trades are far from one-way bets.
The largest digital asset posted one of its steepest drops on Monday since the onset of the crypto-market recovery at the start of last year, leaving investors pining for $60,000 as a technical floor for the token to avert more pain.