Cryptocurrency markets staged a strong rebound over the past 24 hours, tracking renewed momentum in U.S. technology stocks ahead of Nvidia’s closely watched earnings report.
Bitcoin climbed roughly 7.6% to trade near $69,000, with trading volume rising about 30% during the same period. The move marks one of the stronger daily performances in recent weeks following a stretch of macro-driven volatility.
The rebound extended beyond Bitcoin. Ethereum surged back above $2,100 with a double-digit percentage gain, while Solana jumped toward $90. Broader market strength pushed total crypto market capitalization over 7% higher, showing renewed risk appetite across digital assets.
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Rally Builds Ahead of Earnings
Notably, much of crypto’s surge occurred before Nvidia released its quarterly results, suggesting traders were preparing for a positive outcome. U.S. equities also rallied into the report, led by tech, as investors rotated back into AI-linked names.
After the bell, Nvidia beat expectations on both revenue and earnings and issued stronger-than-anticipated guidance. While markets saw a slight “sell-the-news” pullback following the announcement, overall sentiment remained constructive.
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Tech-Crypto Correlation in Focus
The move once again confirms crypto’s growing sensitivity to large-cap technology stocks, particularly companies tied to the AI boom. As confidence in Nvidia and the broader AI trade strengthened, risk-on flows returned to digital assets.
