Bitcoin (BTC) prices responded to the initial upward movement after Nvidia, the largest chipmaker in AI, announced on Wednesday, May 28th, provided quarterly financial balances and optimistic forecasts for the next quarter.
Next, in the graphs provided by TradingView, these BTC movements are observed. The yellow line is the moment when Nvidia’s novelties are known.
This bullish trend may be extended, but it has high volatility in the short term Because many traders are profiting or “selling news.”
The Nvidia results presentation was an expected event in the market this week. The company reported revenue of US$44.1 billion in the first fiscal quarter. In parallel, adjusted earnings per share were $0.81, exceeding $0.75.
Regarding forecasts for the second fiscal quarter, which ends in July, Nvidia expects revenues of approximately USD 450 million. The figures include a negative impact of US$8,000 million on the restrictions imposed by the US on international trade. Additionally, the company revealed that it will not be able to send US$2.5 billion products in the first quarter due to these restrictions.
Despite the brakes in the Chinese market, Nvidia CEO Jensen Huang said, “The Blackwell NVL72 supercomputer is already fully produced. The global demand for Nvidia’s infrastructure is incredibly strong,” he said.
What does this all have to do with Bitcoin?
The Bitcoin market no longer acts as an isolated entity: His actions are increasingly correlated with great behavior and global macroeconomic narrative behavior.
In his early days, Bitcoin was an asset that barely forgotten the dynamics of traditional financial markets. But today, with a market capitalization greater than $1 billion, which is among the 10 most valuable financial assets in the world, That price is closely intertwined with the flow of capital travelling through Wall Street.
That’s the reason, Events such as presentation of Nvidia results – Among the world’s largest companies with stock values and central actors at the rise of artificial intelligence – There is also a BTC price.
Bitcoin is generally recognized in the market as an asset that is sensitive to events that affect the market, similar to the behavior of high-growth technology companies. The optimistic environment, characterized by expectations of increased investment in technology, or expectations of advancement in disruptive sectors such as AI, also benefits BTC. On the contrary, negative news of the major macroeconomic impact could potentially drag Bitcoin into a steep waterfall, even if it is not directly linked to the cryptocurrency ecosystem.
That’s the reason, Understanding the technology sector and stock market situation It is no longer alien to those who follow the price of Bitcoin. on the contrary: It is an increasingly important part of the puzzle explaining its movements..
Clarification: This article is written as a useful method and does not constitute an investment recommendation or a financial council. Each investor is responsible for conducting his own research.
(tagstotranslate) Analysis and research
