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Happy Wednesday, Zingernation! Another day, another red candle. Here’s who is suffering ahead of the Nvidia earnings call.

Today, we look at the $1 billion Bitcoin sell-off ahead of the Nvidia earnings, tech giants competing with Bitcoin miners for energy and more.

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MARKET SNAPSHOT

TOP STORY

$1B Worth Of Bitcoin Sold Off Ahead Of Nvidia Earnings Is 'Technical,' Analyst Says

Bitcoin is back below $60,000 again. Ouch.

And it wasn’t a particularly soft landing either, as $1 billion worth of BTC were sold off quickly into thin liqudity.

What’s behind it and why is it only a “technical sell-off” as one analyst put it?

Read the full scoop here.

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QUICK N DIRTY

Bitcoin wasn’t the only one hit in this fresh sell-off. MSTR and MARA also racked up losses and here’s what you need to know about it.

Binance is facing serious allegations again. But this time it’s not around securities trading. Instead, geopolitics is involved - read about it here.

Solana has been the best of the altcoin bunch, but it still hasn’t set a new all-time high against Bitcoin. Is that still going to happen?

FINTECH FOCUS

Amazon, Microsoft And Other US Tech Giants Compete With Bitcoin Miners Over Scarce Energy Supply Amid Surging AI And Cloud Computing Demands

US tech giants like Amazon and Microsoft are competing with Bitcoin miners for energy.

Who would have thought only a few years ago.

At the heart of the matter is, of course, AI.

And Marathon Digital is right in the middle of this fight for energy.

What exactly is going on?

Read the full scoop here.

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