Dow Jones futures are up but bitcoin is still diving after Thursday's ugly, Nvidia-led stock market reversal. Here's what to do now.

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.

Bitcoin fell back to nearly $88,000 in U.S. morning trading hours Thursday, erasing a move back to $93,000 following Nvidia earnings overnight. Ether dropped below $2,900, as ETH treasury company FG Nexus offloaded some of its tokens to buy back shares.

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

Stock futures were mixed to end a week that has seen major equities indexes sell off on concerns about AI spending and valuations of big tech firms, while the price of bitcoin continued to fall amid risk-off market sentiment.

Bitcoin price remained under pressure on Thursday as investors remained in the sidelines amid elevated fear. BTC was trading at $91,940

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.