Bitcoin Soars as Nvidia Shares Plummet, Impacting Mining Firms

The cryptocurrency market faced turbulence on January 27 due to a significant drop in technology stocks. Since then, Bitcoin has made a recovery, trading at $102,668 with a 3% increase in the last 24 hours. In contrast, shares of mining companies fell between 20% and 30%. Companies investing in artificial intelligence were particularly hit hard, as evidenced by a 17% collapse in Nvidia shares, highlighting the connection between the cryptocurrency and technology sectors. The downturn in Nvidia shares on January 27 resulted in the most significant drop in the cryptocurrency mining sector over the past year. 

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