BTC price eyes $73K amid Nvidia volatility: Three things to know in Bitcoin this week

Bitcoin (BTC) fell to about $73,500 late Sunday, its lowest level since August, as more than $1 billion in leveraged crypto positions were liquidated ahead of this week’s US inflation reports.Key points:Bitcoin hit its lowest level since Aug. 21 shortly before Sunday’s weekly close, then briefly recovered above $75,000.Nasdaq 100 futures swung between gains and losses after Nvidia’s board announced an investigation into whether CEO Jensen Huang was targeted by a foreign intelligence effort.US consumer and producer price reports are due Tuesday and Friday, respectively. Economist Robin Brooks said falling oil prices could lift Bitcoin.Crypto liquidations top $1.1 billionBitcoin slipped below $74,000 shortly before Sunday’s weekly close, extending last week’s losses, TradingView data showed.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewAbout $1.12 billion in leveraged crypto positions were liquidated in the 24 hours through 9 am UTC Monday, according to CoinGlass.Crypto liquidations over 24 hours. Source: CoinGlassBitcoin fell below its 50-week simple moving average (SMA) of $75,492 and approached its 21-week SMA of $73,078.BTC/USD one-day chart with 21-week and 50-week SM...