Other high-flying areas of the market with their own evangelists have also been struggling lately. Bitcoin’s price briefly fell below $90,000 in the morning, down from nearly $125,000 last month. It later recovered some of its losses and climbed back toward $93,000.

Bitcoin has wiped out its rally for 2025 as it falls deeper into a bear market.

Fear is increasingly gripping financial markets as investors flee some of the most hyped assets this year amid concern valuations are overstretched.

Nvidia's (NVDA) earnings report on Wednesday could trigger a $320 billion swing in the chipmaker's market value — the largest post-earnings move ever ​for the AI giant — as investors seek signals abou...

"A positive surprise by NVIDIA and a recovery to new highs there, now down 12% from its all-time high, would re-energize the entire market," said Louis Navellier, founder of Navellier & Associates.