Crypto Market Dips as Nvidia’s $5.5B Hit Shakes Global Sentiment

Quick Summary:

The cryptocurrency market dropped late Tuesday after Nvidia reported a $5.5 billion charge due to halted chip sales to China, causing its stock to fall nearly 8% in after-hours trading.

Earlier this week, Fed Governor Christopher Waller said the central bank could be forced into making a quick round of rate cuts if U.S.trade policy tightens further.

The concern is that if trade tensions keep rising, the Fed may need to cut rates sooner than expected to keep the economy stable.

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Article Details

Author / Journalist: Zayan

Category: Crypto

Markets: United Arab EmiratesChina

Topics: Crypto Market Market News NVIDIA Market Updates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 09:25:40 (4 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 27949246

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 3 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 18 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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