Bitcoin recently drop slightly more on the already huge drop it's falling about now 0.7% to trade near $71,850. This dip have reason which a shocking news and ongoing money withdrawals from Bitcoin investment funds.

Troubles at Nvidia pulls market down

One of the main reason for the drop is uncertainly surrounding the tech giant Nvidia. Reports surfaced and suggest that board of directors might remove CEO Jensen Huang. Because Nvidia is massive leader in tech and artificial intelligence industries, news of that leadership cause trouble and it's shock prices in market too big tech stocks drop, investors often pull back from other risky assets, which push Bitcoin price down too.

Five days of ETF outflows

At the same time US spot Bitcoin exchange traded funds (ETFs) say another worst day of heavy withdrawals. Investors pulled out nearly $299.9 million from these funds. This mark the 5th straight day that more money has left these Bitcoin funds then entered them and it showing that many big investors are playing safe.

What this means for investors

Right now both stock market and crypto market is reacting to fear and uncertainty. Until the leadership situations at Nvidia become clearer and investors stop pullover money out of Bitcoin ETFs, price may continue to bounce up and down.

What to watch next

Going forward trader's will look to update on Nvidia board on daily bases and will also keep eye on daily ETF cash flow report. If the tech news settles down and buyers return to Bitcoin funds the market could quickly find it's breath again and step towards old steps.

Now what you think about news of Nvidia board and it's effect on BTC? let me know in comments section!

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