Nvidia's latest results and cautious guidance triggered a risk-off move on Feb. 27, pushing Bitcoin lower as traders pared exposure to tech and crypto alike. The selloff underscores how AI-sector shocks can quickly bleed into digital-asset markets.
Reports of a possible U.S.–Iran war have rattled investors, pushing total crypto market cap down 1.67% to $2.31 trillion in the past 24 hours.
Bitcoin slipped after China told banks to reduce U.S. Treasury holdings, a signal of broader risk-off positioning as authorities increase gold purchases. The shift pressured risk assets and raised the prospect of heightened crypto volatility.
XRP slid toward the bottom of its recent range as selling pressure and bearish technicals combined with escalating geopolitical and trade tensions to trigger a risk-off move. Traders are cautious amid outflows from high‑beta crypto tokens and mounting uncertainty.
Gold advocate Peter Schiff said Bitcoin will eventually be worth $0, while BTC dipped Monday amid broader risk-off trading to start December. The remark fed negative sentiment as markets turned cautious.
A fresh macro shock pushed global risk assets lower on Nov. 14, with the S&P 500 down about 1.8% and the entire crypto market sliding in tandem. Bitcoin fell alongside equities as investors moved into a risk-off stance.