Nvidia’s strong earnings calmed fears of an AI bubble burst, sparking a market rebound. The Dow surged 700 points but later dropped 300, leaving analysts confused. Factors like the September jobs report, hawkish Fed statements, and bitcoin’s plummet contributed to the market turmoil. Bitcoin’s decline has caused traders to liquidate positions, impacting stock market algorithms. Tom Lee of Fundstrat Global Advisors highlighted the connection between AI stocks and bitcoin holdings.

Read more at Yahoo Finance: Wall Street eyes a possible culprit in this week’s head-spinning stock market reversal: Bitcoin