The move pushed BTC to its lowest level since April and erased most of its 2025 gains, with the market cap slipping to roughly $1.77 trillion and 24-hour volumes topping $70 billion as forced liquidations and de-risking rippled through futures markets.

Stocks moved mostly higher on Wednesday as Wall Street looked to recover from a tech-led sell-off as investors awaited earnings from Nvidia that will set the tone for the next leg

Can Bitcoin really overtake Nvidia's massive market cap in just five years? The simple math might surprise you.

Quantum computers should be powerful enough to crack Bitcoin’s security features—by instantly solving the mining mechanism or guessing wallet passwords by brute force—shortly after 2030, according to the CEO of a company working in partnership with Nvidia on its quantum computing efforts.

Nvidia reported fiscal third-quarter revenue of $57.01 billion, surpassing Wall Street expectations by nearly $2 billion, with data center business contributing $51.2 billion. Bitcoin rebounded above $91,000 after falling below $89,000 earlier, following a 27% decline from its peak above $126,000 six weeks prior.

Bitcoin was slumping Wednesday, deepening recent losses for the cryptocurrency. The CoinDesk Bitcoin Price Index was down about 4% at $89,107 in early-afternoon trading Wednesday at $89,107, according to Dow Jones Market Data.

This year's cryptocurrency rally was boosted by a large debt pile, with traders using leverage to amplify gains. After a punishing selloff over the past two weeks, the dangers of those bets are becoming apparent.