Fast forward to June and the selloff in the crypto-currency world coincided with an overall selloff in internet tech and semiconductors. This week, a handful of large cap tech stocks, broke out to new highs, notably Facebook and Microsoft, whereas Apple, Google, Netflix, Amazon, IPOs, and Semiconductors have floundered on low volume. Meanwhile, the most important stock in the market has a direct link to Bitcoin...
What is the most heavily traded single stock in the market by dollar volume (price x volume)? Apple, Facebook, Google? No, it's Nvidia. Nvidia often trades more dollar volume than the Nasdaq 100 ETF (QQQ) itself, as it did on Thursday, however this is Friday:
"GPU" stands for Graphical processor unit, the graphics equivalent of CPU:
After spending years in the shadow of its console brethren, PC gaming has exploded in popularity
Graphics cards that were champions of value as recently as two months ago are in extremely short supply or being resold at astronomical prices due to the recent rise of Ethereum mining.
As I write, Bitcoin is testing down to $2,000
The "Black Swan Event" is called "Sell"