What You Need to Know:

• Nvidia shares fell nearly 3% in pre-market, potentially impacting Bitcoin and AI tokens lower.
• China’s market regulator has alleged that Nvidia breached its antitrust laws.

If you’re curious about the recent decline in Bitcoin’s (BTC) price over the past two hours, it could be related to pre-market trading trends on Wall Street, where Nvidia (NVDA) shares dropped significantly. The decline was influenced by a notification from China’s regulatory authority regarding Nvidia’s alleged violation of antitrust laws during its 2020 acquisition of Mellanox Technologies.

The regulator claims Nvidia did not adhere to the conditions of its previously granted approval, though specifics about those violations are still unclear.

Currently, Bitcoin is trading around $114,900, having seen a high of $116,755 today. AI-associated tokens have also faced downward trends, with significant declines reported.

Nvidia is a key player in the tech industry and provides insights into market sentiments, including cryptocurrency investments. Historical data indicates a correlation between Bitcoin’s performance and Nvidia’s stock fluctuations.