Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Analysis: Nvidia's profits and positive PCE data may become a catalyst for Bitcoin's rise

Analysis: Nvidia's profits and positive PCE data may become a catalyst for Bitcoin's rise

Bitget2025/02/27 13:26

Bitcoin fell 21% from its historical high of $110,000 after a turbulent week. Matt Mena, cryptocurrency research strategist at 21Shares, believes that some positive catalysts may emerge in the future. He pointed out that Nvidia's strong earnings report released on Wednesday and potential signs of further cooling inflation in Friday's core PCE data are key events that could push up Bitcoin prices. Matt Mena also emphasized that regulatory clarity could change the rules of the game for Bitcoin, especially in attracting institutional capital. If the United States provides clear guidance on stablecoins and broader digital asset regulation, a large amount of institutional funds may enter this field.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!