Analysis: Nvidia earnings and positive PCE data could be catalysts for Bitcoin gains
2025-02-27 11:43
Odaily News Bitcoin has fallen 21% from its all-time high of $110,000 after a turbulent week. Matt Mena, a cryptocurrency research strategist at 21Shares, believes that there may be some positive catalysts in the future. He pointed out that Nvidia's strong earnings report on Wednesday and possible signs of further cooling inflation in Friday's core PCE data are key events that may push up Bitcoin prices. Matt Mena also emphasized that regulatory clarity could be a game changer 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 the field. (Theblock)
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