Crypto markets are on alert as Nvidia's earnings report and the Federal Reserve's FOMC minutes are set to influence prices this week. Bitcoin is currently stable at $94,000, with the total market cap at $3.16 trillion. Analysts predict Nvidia's Q3 revenue will reach a record $54.9 billion, marking a 57% increase year-on-year, alongside strong earnings per share and forward guidance.
The Fed's minutes from its October meeting, which included a 0.25% rate cut, are anticipated to provide insights into future monetary policy. Market sentiment is divided, with Polymarket and CME data indicating a 50-50 chance of a December rate cut. Dovish minutes could bolster crypto prices, as lower interest rates generally benefit risk assets. Additionally, potential news on Donald Trump’s $2,000 stimulus check could further influence market dynamics.
Nvidia Earnings and Fed Minutes Poised to Impact Crypto Market
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