Nvidia Earnings Trigger Bitcoin Decline as Risk Assets Tumble Together

Key Takeaways

• Bitcoin declined 1.5% on Friday to approximately $67,766 while maintaining a modest 0.6% gain for the week within a constrained price channel
• Market observers characterize the downturn as a leverage liquidation event rather than a directional shift, with demand resuming by Friday’s open
• Alternative cryptocurrencies surpassed Bitcoin’s weekly performance — Cardano climbed 7%, Solana rose 5.5%, Ethereum gained 4.8%, BNB advanced 4.3% — while XRP declined 0.1%
• Nvidia (NVDA) dropped 5.5% following quarterly results, weighing on U.S. equity futures and dragging digital assets lower alongside traditional markets
• Asian stock markets are headed for their strongest February performance since 1998, siphoning investment flows from American exchanges

Bitcoin experienced downward pressure Friday as U.S. equity index futures retreated in the wake of Nvidia’s notable share price decline. The cryptocurrency weakness reflects a wider risk-averse sentiment spreading through international financial markets.

Bitcoin was changing hands near $67,766, representing a 1.5% daily decrease. However, the leading digital currency maintains a 0.6% weekly advance.

Ethereum decreased 1.5% over 24 hours to slightly above $2,047. Both leading cryptocurrencies continue trading within tight boundaries established following the Feb. 5 market correction.

Nvidia tumbled 5.5% Thursday despite surpassing fourth-quarter profit forecasts. The decline seemingly captured market skepticism regarding the sustainability of elevated artificial intelligence expenditure justifying current price levels.

Digital currencies mirrored equity weakness as market participants retreated from higher-risk instruments. This correlation has persisted for several weeks, with Bitcoin demonstrating strong sensitivity to Nasdaq movements.

By Friday’s trading session, hourly cryptocurrency returns had reversed into positive territory. This recovery pattern indicates renewed buying interest following overnight liquidations that eliminated excessive leveraged positions.

Alternative Tokens Show Weekly Strength Over Bitcoin

Cardano topped major cryptocurrency performance with a 7% weekly increase. Solana advanced 5.5%, Ethereum gained 4.8%, and BNB rose 4.3%, each surpassing Bitcoin’s weekly results.

XRP represented the sole major token posting negative seven-day returns, declining 0.1% weekly and 3.7% over 24 hours. This relative weakness proved notable considering most alternative cryptocurrencies weathered identical macroeconomic headwinds while preserving gains.

Equity Index Futures and International Capital Movements

Dow futures retreated approximately 0.6%, S&P 500 futures fell 0.4%, and Nasdaq 100 futures declined 0.3% during Friday’s overnight session.

Asian stock markets are positioned for their most robust February showing since 1998. South Korean technology equities surged approximately 20% this month as capital flows favored AI infrastructure companies.

The MSCI Asia Pacific Index appears set to exceed S&P 500 returns for a third consecutive month. This geographical rotation has redirected investment capital from American markets.

Block shares surged over 23% in after-hours trading following CEO Jack Dorsey’s announcement of nearly 50% workforce reduction, attributing the restructuring to artificial intelligence capabilities transforming company operations.

Market attention now shifts to Friday’s producer price index release, with economic forecasters projecting a 0.3% monthly increase for both headline and core wholesale inflation metrics.

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