Investors would have been hoping for sizable gains, seeing as Nvidia's solid earnings have sparked a rally for tech stocks.

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.

Bitcoin drops to a new monthly low after Nvidia's strong outlook calms AI bubble fears, raising concerns of further downside ahead.

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

Bitcoin-mining companies like IREN and Cipher Mining saw substantial stock gains after Nvidia reported better-than-expected Q3 results.

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.

Just a day earlier, Bloomberg's Mike McGlone warned that the market could unwind all the way to $10,000. He added that Bitcoin's current structure reminds of the major unwinds seen in 2018, when the price collapsed from $10,000 to nearly $3,000.