Polkadot, Solana Lead Altcoin Surge Ahead of Nvidia Earnings Call
Polkadot, Solana, Bittensor, and Uniswap led a broad altcoin rally, with Polkadot up 11.5% and Solana 8.1% in 24 hours. This surge, reflected across major tokens like Avalanche and World Liberty Financial, boosted the total crypto market cap 3.7% to $2.34 trillion and triggered liquidations of over $325 million. The rally coincided with anticipation for Nvidia's fiscal Q4 2026 earnings report, which is viewed as a significant market catalyst, influencing both equity and crypto sentiment. Institutional dip-buying, short liquidations, and easing tariff concerns contributed to the momentum rather than a direct bet on Nvidia’s results. Bitcoin rallied over $2,000 around the same period. Despite short-term gains, broader market conditions remain bearish, with strong resistance to further upside and the need for a new positive narrative to reverse the ongoing downtrend. Rate cut expectations into 2027 and supportive Federal Reserve commentary are also influencing market sentiment.
