Bitcoin eyes $81K as Nvidia earnings beat boosts risk assets
Summary
Bitcoin rebounded toward $81,000 as Nvidia’s stronger-than-expected earnings lifted US stocks and crypto markets. BTC/USD hit a local high near $80,808, with bulls trying to turn $80,000 into support. Nvidia’s beat pushed its stock up more than 9% and added over $400 billion in market value, helping the Nasdaq rise about 1%. Markets are now focused on the Jackson Hole symposium and Friday’s Fed keynote for clues on rates and inflation. On the crypto side, about $417 million in liquidations were recorded over 24 hours, while analysts said a large Bitcoin ask wall above price is weakening. Attention is also on Friday’s $6.58 billion Bitcoin options expiry, which could increase volatility.
