Bitcoin (BTC) neared monthly lows on Sept. 4 as crypto markets continued to react to a United States tech stock rout. Data from Cointelegraph Markets Pro and TradingView confirmed lows of $55,602 on Bitstamp — a level not seen since Aug. 8. After recovering as much as 40% from its August crash, BTC/USD thus began to backfill downside candle wicks toward $50,000.

This time, the impetus was not Japanese stock market performance, but tech giant Nvidia. A US subpoena sent the firm's stock price tumbling, and risk assets were quick to follow suit. Gold, which just weeks ago set a new all-time high above $2,500, shed up to 1.3% on Sept. 3.

Crypto investors have joined the "rush to the sidelines" amid the BTC price lows, with Bitcoin price targets now including $50,000 as the market contends with the fallout from the Nvidia crash and its impact on the broader Nikkei index.

Source: https://cointelegraph.com/news/bitcoin-price-targets-50k-nvidia-crash-shakes-nikkei-gold

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