Bitcoin Advanza 0.6% Au $ S84,000, while Ethereum yields 0.2% Au $ 1,500. However, the slight earnings are led by Solana (4.7%), Toncoin (3.07%) and Shiba Inu (4.1%).
What happened in Wall Street
As usual, Attention is directed to the United States and, in particular, to the technological sector. A Nvidia advertisement generated a negative reaction in the markets. The technology company collapsed almost 7% after announcing that it must assume a position of US $ 500 million due to US restrictions on the sale of its H2O graphic processing units to China.
H2O is an artificial intelligence chip (AI) designed to comply with the export restrictions imposed by the previous administration of Joe Biden. In 2024, Nvidia had projected income between 12,000 and 15,000 million dollars for this chip. This same chip was used by the Chinese Deepseek company to develop an AI system at a much lower cost than that of Chatgpt, becoming a direct competitor.
So, The fall of Nvidia not only affects the company, but also to other related technological companies, such as Broadcom or AMD, and, ultimately, to Bitcoin. In recent times, Bitcoin and cryptocurrencies in general showed a close correlation with risk assets, especially with technological actions. However, they managed to decoup down on Wednesday at the close of the US indices.
As for the tariff policy, the president of the USA, Donald Trump imposed several tariffs, although he suspended some and announced more specific rates for certain products. These constant changes are generating discomfort in the markets, although the apparent moderation of the last days suggests that Washington begins to realize the impact that its volatile policy is having.
JP Morgan analysts, headed by Jamie Dimon, warn that the global economy runs the risk of entering recession if the US Do not moderate your focus on the tariff conflict. For their part, other great banks such as Citi or Bank of America have shown a more optimistic perspective in their latest reports.
In this context, Bankinter emphasizes that the market and the economy are already affected, especially in terms of trust, which puts any attempt at recovery at risk, even if Trump decides to postpone or exclude products from their list of tariffs.
Source: Ambito
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