NVDA Earnings Call Pumps Crypto briefly! BTC then dumps to $87,000!

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Decrypt 2 hours ago 122

Crypto majors are slightly green and rebounding after a strong NVDA earnings beat lifted broader markets, with BTC ($86,642.00) up 1% to $91,800, ETH ($2,822.59) down 2% to $3,020, BNB ($873.15) down 2% to $900, and SOL ($132.18) up 2% to $142. Among top movers, ATOM ($2.77) and Pi each gained 10%, while FET ($0.31) rose 8% and ZEC ($702.71) added 7%. Despite short-term strength, Bitcoin and Ethereum charts have printed death crosses—patterns that often signal extended weakness but can also coincide with local bottoms. U.S. interest rate-cut odds have fallen to just 33% after delayed economic data and FOMC minutes dampened expectations for a December cut. On the tech front, Vitalik Buterin warned that quantum computing could compromise Ethereum’s current cryptography by 2028, urging a shift to quantum-resistant security within four years. Industry developments continue to accelerate: Kraken confidentially filed for a U.S. IPO one day after securing an $800 million raise; Coinbase hinted at a “new era” following code leaks suggesting early work on prediction markets and stock-trading modules; and the UAE tripled its position in BlackRock’s IBIT to $518 million. Regulatory and legal actions also made headlines as Samourai Wallet co-founder Bill Hill received a four-year sentence for operating an unlicensed Bitcoin mixing service. Meanwhile, Bitcoin miner fees fell to a 12-month low, tightening margins across the mining sector. In corporate disputes, Anthony Pompliano’s potential $400 million payout from ProCap’s Bitcoin DAT is being challenged by Glazer Capital ahead of the December merger vote. Looking ahead, India announced plans to launch a s...



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