The cryptocurrency market is bracing for a pivotal week as a number of macroeconomic and industry-specific occasions are set to unfold between 24 February 2025 and 28 February 2025. From important Nvidia earnings report back to US financial information to legislative hearings on digital property, these developments might considerably affect the path of crypto costs and investor sentiment.
The full cryptocurrency market capitalization stands at $3.28 trillion, reflecting a 2.3% drop over the previous 24 hours. Bitcoin (BTC) has dipped under the $96,000 mark, whereas Ethereum (ETH) is buying and selling at $2,740 after briefly touching $2,835 earlier within the day. The market stays comparatively range-bound, recovering from final weekend’s turbulence brought on by the Bybit hack.
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Nvidia Set To Launch Quarterly Earnings
EARNINGS THIS WEEK:
• NVIDIA $NVDA
• SALESFORCE $CRM
• TEMPUS AI $TEM
• $AI
• SNOWFLAKE $SNOW
• WORKDAY $WDAY
• AUTODESK $ADKS
• INTUIT $INTU
• LEMONADE $LMND
• ZOOM VIDEO $ZM
• DUOLINGO $DUOL
• DELL $DELL
• HP $HPQ
• IONQ $IONQ
• HOME… pic.twitter.com/28uAgc8lqB— Investing.com (@Investingcom) February 23, 2025
Tech big Nvidia ($NVDA) is about to launch its quarterly earnings report on Wednesday, 26 February 2025.
Whereas Nvidia primarily operates within the semiconductor and AI sectors, its affect extends into cryptocurrency as a result of its position in GPU manufacturing—a important part for mining sure cryptocurrencies like Ethereum Basic (ETC).
Nvidia’s earnings might additionally affect AI-related crypto property. A powerful efficiency by Nvidia would possibly renew investor curiosity in these area of interest tokens.
A number of main crypto mining corporations are scheduled to launch their income experiences this week, together with Riot Blockchain, Marathon Digital Holdings, Bitdeer Applied sciences Group, Terawulf Inc, and Core Scientific.
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Key Financial Reports To Watch
Essentially the most anticipated report is Thursday’s 927 February 2025) GDP information for This autumn 2024. Economists count on a affirmation of the beforehand reported development charge of two.3%. If GDP development exceeds expectations, it might dampen hopes for Federal Reserve charge cuts.
Friday’s (28 February 2025) PCE inflation report may even be intently monitored. It serves as a key inflation gauge for Fed policymakers.
With each Producer Value Index (PPI) and Shopper Value Index (CPI) information displaying indicators of rebounding inflation just lately, a higher-than-expected PCE determine might reignite stagflation considerations—an financial situation characterised by low development and excessive inflation.
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Key Takeaways
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Essentially the most anticipated report is Thursday’s GDP information for This autumn 2024.
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If GDP development exceeds expectations, it might dampen hopes for Federal Reserve charge cuts.
The publish This Week In Crypto: Nvidia Earnings Report And Implications For AI-Related Crypto Assets appeared first on 99Bitcoins.