Bitcoin Extends Decline as AI Tokens Show Strength Following Nvidia Earnings
Bitcoin remains under pressure Wednesday, while AI-focused cryptocurrencies continue to see gains after Nvidia’s earnings report.
Key Takeaways:
- Nvidia (NVDA) beat Q4 estimates, reporting EPS of $0.89, slightly above the $0.84 consensus.
- Revenue reached $39.33 billion, surpassing expectations of $38 billion.
- Q1 revenue outlook of $43 billion exceeded the projected $42.3 billion, though a gross margin forecast of 71% disappointed some investors.
- NVDA shares remain volatile in after-hours trading, with the market awaiting further insights from the 5 PM ET earnings call.
Crypto Market Overview
Bitcoin (BTC) continues its downward trend, falling nearly 5% over the past 24 hours to $84,300. Meanwhile, AI-related tokens have remained resilient, showing moderate gains amid market uncertainty.
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