Bitcoin (BTC $85,959), ether (ETH $2,810), XRP ($2.03), and other major tokens are trying to stabilize after recent losses, with attention turning to several high-impact events that could shape both crypto and equity markets this week: Nvidia’s earnings, the Federal Reserve’s October meeting minutes, and the delayed September U.S. jobs report.
Nvidia Earnings
Nasdaq-listed chipmaker Nvidia (NVDA) reports third-quarter results after market close on Wednesday. Analysts expect $54.8 billion in revenue and non-GAAP EPS of $1.25. Investors will watch guidance for the fourth quarter, deliveries of the new Blackwell GPU architecture, and exposure to China.
Nvidia’s GPUs are crucial for AI training and blockchain computing, giving its results an outsized influence on markets. Its $30 billion compute deal with Microsoft, running on Nvidia’s Grace Blackwell and Vera Rubin systems, underscores its dominance in AI infrastructure. Strong earnings could revive AI-led optimism, potentially boosting crypto sentiment. NVDA shares are up 31% year-to-date at $181, while bitcoin has fallen more than 25% from its October 8 peak above $126,000.
FOMC Minutes
The Fed’s October meeting minutes are scheduled for 19:00 GMT Wednesday. The central bank cut rates by 25 basis points to 3.75–4.00% during that session. Markets will look for signals of internal divisions and the likelihood of another cut in December, with odds for a 25-basis-point cut now near-even.
September Jobs Report
The delayed September nonfarm payrolls report will be released Thursday. Economists expect an increase of roughly 50,000 jobs, up from August’s 22,000, while the unemployment rate is projected at 4.3%. Though slightly better than August, the pace remains below early-year trends of roughly 100,000 monthly additions. A weaker-than-expected report could rekindle rate cut bets, potentially supporting risk assets, including bitcoin.
