Bitcoin Holds Near $77K as Nvidia Earnings and Iran Peace Talks Shape Market Sentiment
Bitcoin traded relatively flat on Thursday, hovering around the $77,000 level, as stronger-than-expected results from Nvidia boosted optimism surrounding artificial intelligence investments. At the same time, hopes for easing tensions in the Middle East supported appetite for higher-risk assets.
The world’s largest cryptocurrency was down 0.2% at $77,016, after reaching an intraday high of $78,243 during the previous 24 hours.
Bitcoin has recovered part of its earlier weekly losses, which were driven by rising U.S. Treasury yields and geopolitical uncertainty weighing on risk assets.
Nvidia Earnings and Iran Developments Improve Investor Sentiment
Market sentiment improved after U.S. President Donald Trump stated that negotiations with Iran were entering their final stages, increasing expectations for a possible agreement that could reduce tensions near the Strait of Hormuz and ease concerns over global energy disruptions.
Trump said he was prepared to allow several more days for diplomacy but warned that additional military action could follow if negotiations fail.
Meanwhile, Iranian officials confirmed they were reviewing the latest U.S. proposals aimed at ending the conflict.
Nvidia Results Boost AI Optimism Across Global Markets
Investor confidence also strengthened following Nvidia’s stronger-than-expected earnings report and upbeat revenue outlook.
The chipmaker reported quarterly revenue of $81.6 billion and projected second-quarter revenue near $91 billion, reinforcing expectations for continued growth in artificial intelligence spending.
The results lifted technology stocks globally, with Asian equity markets posting strong gains led by semiconductor companies.
The positive sentiment extended into cryptocurrency markets, where traders increasingly monitor AI-related developments and tech sector performance.
Bitcoin Remains Under Pressure From Treasury Yields and Fed Concerns
Despite improved risk sentiment, Bitcoin’s gains remained limited as investors continued to monitor elevated bond yields and uncertainty surrounding future Federal Reserve policy.
Minutes from the Fed’s April meeting showed policymakers remain concerned about persistent inflation, keeping expectations alive that another interest rate increase could occur later this year.
Bitcoin has struggled to maintain momentum above $80,000 in recent weeks after briefly surpassing $82,000 earlier this month amid optimism tied to Iran negotiations.
SpaceX Prospectus Reveals Significant Bitcoin Holdings
Crypto sentiment received an additional boost after SpaceX released its long-awaited IPO prospectus, outlining plans for what could become one of the largest stock market listings ever.
According to the filing, SpaceX held approximately 18,712 Bitcoin as of March 31, further supporting expectations of ongoing institutional adoption of digital assets.
The disclosure reinforced growing interest among major corporations in holding cryptocurrencies as part of broader investment strategies.
Blockchain.com Moves Closer to U.S. Public Listing
Cryptocurrency exchange Blockchain.com confidentially filed for an initial public offering in the United States, marking an early step toward becoming publicly traded.
The confidential filing process allows companies to prepare regulatory documentation away from public scrutiny.
Blockchain.com did not disclose the number of shares expected to be offered or a projected valuation range.
Altcoins Trade Mixed as Ethereum and XRP Remain Flat
Most major altcoins showed limited movement on Thursday.
- Ethereum (ETH) traded nearly unchanged at $2,120
- XRP remained stable around $1.36
- Solana (SOL) gained 1.7%
- Polygon (POL) advanced 1.4%
- Cardano (ADA) declined 0.4%
- Dogecoin (DOGE) rose roughly 1%
The mixed performance reflects continued caution among crypto investors despite improving broader market sentiment.
