The total crypto market is now worth $2.64 trillion, down 2.76% in the last 24 hours, according to CoinmarketCap. People traded about $76.53 billion, which is also a small drop. Out of that, $7.48 billion came from DeFi.
Most of the trading—about $70.78 billion—was done using stablecoins like USDT and USDC. That’s 92.48% of all trading. So, overall, the market is slightly down, and fewer people are buying or selling today.
NVIDIA China Chips Ban Shocks Market— How Will It Impact Bitcoin and Gold?
The US, under Donald Trump, told Nvidia it can’t sell its top H20 AI chip to China without a license, due to national security worries. Nvidia’s shares dropped 6% and it faces a $5.5 billion hit.
This ban could affect China’s fast-growing AI sector and also the crypto market, as people may now shift towards investing in bitcoin and gold as per Rober Kiyosaki’s prediction. As Nvidia leads tech moves, big investors are now eyeing safe assets. So, Bitcoin, gold, and silver might also jump next. Everyone’s watching what happens next.
3 More Reasons Behind Crypto Market Down Today
Semler Pays $29.75M Using Bitcoin Loan to End DOJ Case
Semler Scientific, a medical tech company, will pay $29.75 million to settle a fraud case with the U.S. Department of Justice. Instead of using its regular money, Semler will take a loan from Coinbase using its Bitcoin as backup.
The company owns 3,192 BTC, worth about $267 million today. This way, Semler avoids touching other business money. The deal is almost final and helps close a case that started back in 2017.
China Confused Over What to Do With Seized Coins
China has a big problem—tons of coins taken from criminals, and no clear rule on what to do with them. Since crypto trading is banned there, courts and police are now arguing about how to handle these coins.
Some cities are quietly selling them for cash through private companies. But experts warn this could lead to cheating and corruption. New rules may come soon, and they could change China’s cryptocurrency future completely.
Oklahoma Says No to Bitcoin Plan After Close Vote
Oklahoma has dropped its plan to start a Bitcoin reserve after a 6–5 vote against the HB1203 bill. The law would have let the state invest up to 10% of public funds in $BTC and other big digital coins.
He also talked about crypto staking and using it in retirement plans. But now, it won’t happen. Any $BTC paid to the state would’ve been turned into dollars first. The idea is officially off the table—for now.
Conclusion: Big Shifts Coming in Cryptocurrency and Tech
The market dipped slightly today, but there’s more going on beneath the surface. Even Ethereum price dropped at a higher rate today in comparison with other coins. With global news like the Nvidia AI chip ban causing fear in tech, investors might start moving money into safer assets like $BTC and gold.
This shift could change the market’s direction in the coming days. While daily numbers are down, big moves may be ahead. Keep an eye on how traditional markets react—it could shape where this industry goes next.
