Bitcoin Falls as Nvidia Announces Hit From U.S.-China Trade WarMarket Talk

Bitcoin edges lower after Nvidia said it faces a $5.5 billion hit from tighter U.S. rules on shipments of its new artificial intelligence chip to China. The microchip maker will require licences to export its chip to China as the U.S.-China trade war escalates. "Trump also launched a probe into whether critical minerals should face tariffs, so that added to fears that further tariffs were on the horizon," Deutsche Bank analysts say in a note. That raises fears that the trade war could still get worse from here, they say. Bitcoin falls 0.9% to $83,215, according to LSEG. ([email protected])