Bitcoin Slips 0.7% as Nvidia Falls and Spot ETF Outflows Persist
Bitcoin fell about 0.7% on Thursday to near $73,400 as Nvidia shares declined on reports that its board may remove CEO Jensen Huang. U.S. spot bitcoin ETFs continued to see withdrawals, with the reported outflow figure differing between sources.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Price Action and Broader Tech Selloff
Bitcoin slipped approximately 0.7% from midnight UTC, trading near $73,400 and close to its daily low, according to Bitcoinist. Ethereum also weakened, falling around 0.5%. CoinDesk attributed the move to a broader risk-off mood in technology equities, with Nvidia falling after reports that its board may oust chief executive Jensen Huang.
The crypto decline tracked the weakness in Nvidia, which sources describe as the largest driver of the session's tech sentiment. Bitcoinist framed the selloff as renewed pressure on risk assets generally, while CoinDesk emphasized the Nvidia headline specifically. Neither source reported a direct causal link between the Nvidia news and bitcoin trading decisions.
Spot ETF Withdrawals
U.S. spot bitcoin ETFs continued to shed assets. CoinDesk reported that the funds lost another $299.9 million in what it described as the fifth consecutive day of outflows. Bitcoinist put the cumulative figure higher, citing $1.44 billion in total ETF outflows over the period.
The two outlets do not reconcile the figures. CoinDesk's $299.9 million refers to a single-day or near-term total, while Bitcoinist's $1.44 billion appears to describe a longer cumulative window. The sources do not define the measurement period in identical terms, so readers should treat the two numbers as describing different scopes rather than as a direct contradiction.
What to Watch
The session's moves are modest in size, and both sources describe bitcoin trading close to its daily low rather than in a sustained breakdown. Persistent ETF redemptions and a continued tech sector slide would be the two signals to monitor for whether pressure on bitcoin deepens. Further detail on the Nvidia board report, including any confirmation from the company, remained outstanding in the source material.
Why It Matters
For Traders
Five straight days of ETF outflows alongside a tech selloff raises near-term downside risk, though the day's move was small and bitcoin remained near $73,400.
For Investors
Sustained ETF redemptions would indicate weakening institutional demand for bitcoin exposure, a trend worth tracking across multiple months rather than single sessions.
For Builders
Heavy ETF-driven flows and cross-asset correlation with tech equities mean protocol liquidity and volume assumptions should account for risk-off periods tied to equity headlines.
This article is for information only and is not financial advice. Read the full disclaimer.
