U.S. stocks rebound sharply, Bitcoin dips to 62K, market focuses on NVIDIA's earnings report

ETH1,66%
BTC1,18%

U.S. stocks rebounded sharply on Tuesday (2/25), easing concerns about AI impacting companies for the time being. Bitcoin briefly touched $62,510 yesterday, just a step away from the recent low of $60,000. The funding rate for Bitcoin perpetual contracts turned negative again, indicating a still cautious market sentiment. Traders will closely watch NVIDIA’s earnings report after the close on Wednesday.

AMD leads chip stocks higher, software stocks rebound in sync

U.S. stocks closed higher across the board on Tuesday (2/25), with market concerns over AI impacts temporarily easing.

Shares of AMD rose nearly 9% after Meta announced a multi-year partnership agreement with AMD. Under this new deal, Meta will deploy up to 6 gigawatts of AMD graphics processors in its AI data centers. Additionally, Meta will invest in AMD through a performance-based warrant, which could hold up to 160 million AMD shares.

Anthropic announced that its Claude Cowork platform can now connect to DocuSign and other existing enterprise tools such as Google Drive and Gmail. This development has optimistic investors about AI complementing rather than replacing software companies. The disruptive changes brought by AI mean different things to different people—risk to some, opportunity to others.

Bitcoin briefly dipped to $62K, market sentiment remains cautious

The crypto market continued to decline, with total market cap down 0.7% to $2.22 trillion. 24-hour liquidation amounts remain high at $343 million, mainly in Bitcoin, followed by Ethereum. The Fear & Greed Index remains in the “Extreme Fear” zone. However, the Altcoin Season Index has quietly risen to 35.

Bitcoin briefly touched $62,510 yesterday, just a step away from the recent low of $60,000. The funding rate for Bitcoin perpetual contracts turned negative again, indicating a still cautious market sentiment.

NVIDIA earnings countdown

Traders are closely watching NVIDIA’s earnings report after the close on Wednesday, expecting the chipmaker’s performance to surpass expectations. Recently, NVIDIA’s stock performance has been flat due to widespread selling of large-cap stocks.

U.S. tariffs on global goods increased by 10% took effect on Tuesday. The market is also paying close attention to developments in U.S.-Iran relations. Additionally, President Trump will deliver the State of the Union address on Tuesday evening local time, outlining his administration’s priorities for the coming year.

This article “U.S. stocks rebound sharply, Bitcoin dips to 62K, focus on NVIDIA earnings” first appeared on Chain News ABMedia.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Dogecoin at a Turning Point — Will $0.094 Resistance Finally Break?

Dogecoin was trading between $0.0925 and $0.09173 with the price stabilizing around $0.0925. The immediate $0.09443 resistance caps the current range. A move above this level could expand today’s trading activity. Past historical price movements coincide with a number of trend support res

CryptoNewsLand48m ago

XRP Breaks $1.40 Resistance as Volume Surge Lifts Momentum

Key Insights XRP surged past the $1.40 resistance after trading volume climbed nearly 13%, signaling renewed trader interest and stronger short-term momentum. Ripple’s collaboration with Mastercard through the Crypto Partner program increased market attention as investors anticipate

CryptoNewsLand51m ago

XRP Price Structure Tightens While Heatmap Highlights $1.30 Liquidity Zone

XRP trades near $1.37 support after a 0.9% daily decline, while the $1.44 level remains the immediate resistance in the current range. A three-week liquidity heatmap highlights a large order cluster around $1.30, indicating a strong liquidity zone below price. A three-month Gaussian

CryptoNewsLand1h ago

Internet Computer Price Nears Wedge Breakout — Will Momentum Hold Above $2.54?

Internet Computers continues trading within a falling wedge that has developed since November. Price now approaches the pattern’s upper boundary as volatility tightens. ICP is trading around the $2.57 mark which is a bit higher than the $2.54 support. In the meantime, the immediate

CryptoNewsLand1h ago

Billionaire Investor Stanley Druckenmiller Bullish on Stablecoin Growth

Billionaire investor Stanley Druckenmiller believes stablecoins will become the backbone of the financial system in 10-15 years, citing their efficiency. However, he views much of the wider crypto market as unnecessary, describing it as “a solution looking for a problem.”

Decrypt2h ago

HOT Climbs to $0.0004141, Its Falling Wedge Breakout Sets to Push Price 300% Higher: Analyst

The Holo (HOT) coin is showing bullish signals, with analysts predicting a significant price increase due to a breakout from a falling wedge pattern. Recent trends indicate rising interest and market activity, positioning HOT for potential gains soon.

BlockChainReporter2h ago
Comment
0/400
No comments