Биткойн и Етериум отскочиха преди обявяването на резултатите на Nvidia и публикуването на протоколите от заседанията на Федералния комитет за отворен пазар (FOMC), след като Сенатът предприе стъпки за ограничаване на правомощията на Тръмп във връзка с войната в Иран – XRP и DOGE изоставаха от възстановяването
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Key points:
Bitcoin and Ethereum recovered on Wednesday after the Senate advanced a resolution aimed at limiting President Donald Trump’s military operations in Iran.
Wintermute said Nvidia earnings could determine whether Bitcoin holds critical support between $76,000 and $78,000 or breaks lower toward the low $70,000 range.
Investors are also awaiting Federal Reserve meeting minutes for additional clues on inflation and interest-rate policy.
Bitcoin (BTC) and Ethereum (ETH) recovered in early morning trade on Wednesday after the Senate voted to end President Donald Trump’s Iran war, with traders now eyeing Nvidia (NVDA) earnings and the minutes of the meeting from the last Federal Reserve monetary policy meeting.The recovery came after several days of pressure across digital assets tied to rising tensions between the U.S. and Iran, a surge in oil prices, elevated Treasury yields, and outflows from crypto exchange-traded funds (ETFs).
The overall cryptocurrency market rose 0.6%, still unable to climb back above $2.7 trillion. Ripple’s XRP (XRP) and Dogecoin (DOGE) lagged the recovery run among the top 10 cryptocurrencies by market capitalization.
The Senate reportedly voted 50-47 to advance a war powers resolution that would pressure Trump to end the war in Iran after seven prior failed attempts. If the President wants to continue military operations, he will need to secure authorization from Congress.
Trump Media and Technology (DJT) was among the top trending tickers on Stocktwits at the time of writing. DJT’s stock moved 0.25% higher in pre-market trade, with retail sentiment trending in ‘neutral’ territory over the past day, accompanied by ‘high’ levels of chatter. Commentary on the platform was mostly critical of the President.
https://www.stocktwits.com/DFWxplorer/message/653866053
https://www.stocktwits.com/Intradaytrade100/message/653851700
Crypto Traders Look To Nvidia Earnings, FOMC Minutes
According to Wintermute, the next major short-term catalyst for the cryptocurrency market are the upcoming Nvidia earnings, scheduled for after the bell on Wednesday. “$76-78k is the level to watch,” the firm said in its market update. “A hold through Nvidia earnings on Wednesday rebuilds some confidence, but a break of $75k with funding resetting and ETF flows negative opens up the low $70s pretty quickly.”
It added that the “inflation trade is back,” echoing the same sentiment shared by 10x Research and other market watchers. Core consumer prices, excluding food and energy, rose 0.4% in April from the previous month, above Wall Street expectations of 0.3%, according to MarketWatch data. On an annual basis, core CPI increased 2.8%, also slightly above estimates of 2.7%.
Retail traders will also be looking to the Federal Open Market Committee (FOMC) minutes for insights on how the central bank is looking at inflation and interest rates ahead of the next meeting in June, where Kevin Warsh will make his debut as the new Federal Reserve chair after Jerome Powell’s term ended last week.
SoSoValue data showed spot Bitcoin ETFs saw over $330 million in outflows on Tuesday, after seeing the highest level of redemptions since January in the previous session. Spot Ethereum ETFs also continued to bleed, clocking more than $62 million in daily total net outflows. XRP and SOL spot ETFs were in the green, with inflows of $1.48 million and $3.78 million, respectively.
SEC Tokenization Guidance Gives XRP A Boost
Bitcoin’s price gained over 1% in the last 24 hours, trading at around $77,500 on Wednesday morning, while Ethereum’s price edged 0.8% higher to around $2,130. Retail sentiment around both leading tokens trended in ‘bearish’ territory over the past day, accompanied by ‘normal’ levels of chatter.
Meanwhile, XRP’s price edged 0.3% lower in the last 24 hours to around $1.37 and saw retail sentiment drop to ‘neutral’ from the ‘bullish’ zone, alongside ‘high’ levels of chatter. Traders on the platform were bullish on the altcoin after the Securities and Exchange Commission (SEC) on Monday issued new guidance that tokenization of a real-world-asset (RWA) does not change the legal status of the asset.
https://www.stocktwits.com/DrFranknstn/message/653885103
Dogecoin’s price moved 0.2% lower in the last 24 hours to around $0.104. Retail sentiment remained in the ‘bearish’ zone, while chatter fell to ‘low’ from ‘normal’ levels.
source: https://www.tradingview.com/news/stocktwits:0f9daf58e094b:0/
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