Bitcoin Holds Steady as Markets Await Fed Minutes and Nvidia Earnings
- Bitcoin (BTC) is trading around $77,000 in morning U.S. markets.
- Major stock indices are showing small gains following three days of losses.
- Minutes from the Federal Reserve’s last policy meeting will be released at 2 PM ET today.
- The April meeting had notable dissents, including a call for rate cuts from Stephen Miran.
- Nvidia (NVDA) is set to report its quarterly earnings after market close, potentially affecting the Nasdaq.
The upcoming release of the Fed minutes is significant as it follows a period of reassessment in global bond markets due to inflationary pressures and economic strength. Traders are particularly attentive to Nvidia’s performance, given its historical correlation with crypto assets.
Currently, Bitcoin remains stable at $77,000 as traders await crucial economic indicators later today.(Source)
