Bitcoin price, Nasdaq 100 index apply for NVIDIA profits

Bitcoin fell to less than $ 95,000, while the NASDAQ 100 technology index decreased for the second consecutive day before NVIDIA profits.

Bitcoin (BTCHe decreased to 93,690 dollars, a decrease of 13.3 % from its highest level this year. Meanwhile, the Nasdaq 100 index decreased for three consecutive days, reaching the lowest level of 21,360, by 3.5 % lower than its highest level this month.

The main catalyst for American bitcoin and stocks this week will be the next profit report for NVIDIA, which will give an insight into the artificial intelligence industry.

These results are especially important given the size and impact of NVIDIA in the artificial intelligence sector. It is the second largest market value company, which is valued at more than $ 3.285 trillion, and is only Apple. It is also the second largest component of NASDAQ 100.

In addition, NVIDIA has become the child’s sticker in the artificial intelligence industry, as it played a major role in the stock market gathering over the past two years. As such, signs of slowdown can lead to a large sale in both stocks and encryption, as the two markets are often associated with.

according to Yahoo financingAnalysts expect NVIDIA revenues to reach 38.15 billion dollars, an increase of 72 % over the same quarter in 2023.

Bitcoin and NASDAQ also fell amid concerns about the proposed Donald Trump tariff. The former president warned that the tariff of steel and aluminum would enter into force on the first of March. In addition, a 25 % tariff is scheduled to start on Mexican and Canadian goods on the same day unless an agreement is reached.

Definitions may affect the price of bitcoin by fueling inflation, which may push the federal reserve to maintain a honesty position. The origins of the risk, including Bitcoin, tend to have a weak performance in the strict federal reserve environment. In a note sent to Crypto.News, James Toulido, Executive Director of Operations at Unity Wallet He said:

“I think feelings and expectations about the Bitcoin price are that the strategy should be because President Trump took office on January 6. But the fact is that the price has gone south, probably due to the definition commercial wars, and fragile peace talks in Eastern Europe, fears the impact of Dibsic On the American technology sector.

Bitcoin may still refresh

Technical indicators indicate that Bitcoin may recover this week. On the daily chart, Bitcoin formed the falling sorry style, with two lines approaching the meeting point. Usually upward collapse occurs when this meeting is about to happen.

In addition, two lines are approaching the MACD index from the bullish cross. Historically, such transitions have preceded short or long rebounds. The bullish collapse can pay the BTC price about $ 100,000 in the short term.