Bitcoin Extends Losses While AI-Linked Tokens Continue to Outperform
Bitcoin remains under pressure on Wednesday, while AI-related cryptocurrencies show resilience amid Nvidia’s earnings report.
Key Takeaways:
- Nvidia (NVDA) met expectations, posting Q4 earnings per share (EPS) of $0.89, slightly beating forecasts of $0.84.
- Revenue came in at $39.33 billion, exceeding estimates of $38 billion.
- Q1 revenue guidance of $43 billion topped the Street’s $42.3 billion consensus, though the gross margin outlook of 71% fell short of expectations.
- Nvidia shares fluctuated in after-hours trading, with little overall movement ahead of the company’s earnings call at 5 PM ET.
Crypto Market Update
Bitcoin (BTC) remains in the red, down nearly 5% in the past 24 hours, trading at $84,300. Meanwhile, AI-related tokens have outperformed, maintaining modest gains despite the broader market downturn.
