Live markets: Bitcoin retreats under $72,000 as Strategy unloads BTC for first time in four years
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- Bitcoin fell 3% to $71,300, retreating under $72k as a strategy unloaded BTC for the first time in four years.
- Nvidia rose 6.2% after unveiling its RTX processor for PCs, aiming to supplant Intel and AMD.
- Micron climbed as AI stocks surged, with Broadcom and Oracle also gaining.
- HIVE Digital rose 10.1% after shifting its hardware to AI workloads; Keel Infrastructure (+8.7%) and Hut 8 (+7.1%) also gained.
- Nasdaq rose 0.75% on track for a record close, as the S&P 500 and DJIA also posted gains.
Why it matters: Crypto investors lose as Bitcoin drops 3% to $71,300, while AI firms like Nvidia gain 6.2%, prompting miners to repurpose hardware for AI and shifting capital toward the AI sector.
