Bitcoin's (BTC-USD) slump deepened Thursday just as U.S. stocks gave back gains fueled by Nvidia's (NVDA) Q3 earnings beat, in a sign of renewed investor caution. The cryptocurrency retreated 4.7% in the last 24 hours to $87.

The move pushed BTC to its lowest level since April and erased most of its 2025 gains, with the market cap slipping to roughly $1.77 trillion and 24-hour volumes topping $70 billion as forced liquidations and de-risking rippled through futures markets.

Can Bitcoin really overtake Nvidia's massive market cap in just five years? The simple math might surprise you.

Nasdaq-listed chip maker Nvidia (NVDA) is scheduled to report its third quarter earnings during Wednesday's after market hours. According to Market Pulse, Wall Street expects Q3 revenue of $54.8 billion and non-GAAP EPS of $1.25. The AI chipmaker is currently valued at about $4.42 trillion.

Bitcoin price dumped yet again this morning in trading to lows of $86,610, down over 1% over the past 24 hours.

As Bitcoin mining companies already own the high-end computing systems required in AI, they have found it convenient to abandon mining for AI. One such company is Bitfarms Ltd. (Nasdaq/TSX: BITF). An energy and digital infrastructure company with operations in North America, the company has plans to wind down its Bitcoin mining business by 2027.