Cryptos Crash After Nvidia Forecasts Big Drop In Mining Demand

Cryptos have been hit with a double whammy today.

Around 1pmET, the entire space tumbled almost instantly as large blocks went through in Bitcoin, with chatter suggesting the MtGox custodian was unloading once again. Prices quickly stabilized once that selling pressure abated.

However, shortly after the US market closed at 4pmET, Nvidia announced its results, posting quarterly sales that topped expectations.

Sourced through Scoop.it from: www.zerohedge.com