Bitcoin's price is caught in the upward momentum of a stock market rebound, as investors anticipate Nvidia's earnings report.
Bitcoin’s price rallied with stocks on Wednesday ahead of Nvidia results and Jerome Powell’s Jackson Hole speech on Friday.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Bitcoin was caught in the upward momentum of a stock market rebound on Wednesday, as investors anticipated healthy results from Nvidia.
The chip-maker's stock has rallied over 200% since January. Ahead of today's earnings call, there were green shoots on Wall Street as the Dow Jones added 0.5%, the S&P 500 gained 1% and the Nasdaq Composite jumped 1.5%. Bitcoin, which tends to correlate with major indices, was changing hands for around $26,427 at 12:56 p.m. ET, according to
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