Bitcoin Slides While AI Tokens Defy the Trend Amid Nvidia’s Strong Q4

Bitcoin remains under pressure on Wednesday, while AI-related cryptocurrencies continue to outperform following Nvidia’s earnings report.

Key Market Updates:

• Nvidia (NVDA) posted Q4 EPS of $0.89, slightly ahead of the $0.84 estimate.
• Revenue came in at $39.33 billion, surpassing the $38 billion forecast.
• Q1 revenue guidance of $43 billion exceeded expectations of $42.3 billion, but the gross margin outlook of 71% fell short.
• Nvidia shares fluctuated post-market, showing little net change before the company’s 5 PM ET earnings call.

Crypto Market Reaction

Bitcoin (BTC) remains in the red, down nearly 5% over the past 24 hours, trading around $84,300. However, AI-related tokens bucked the trend, maintaining modest gains despite the broader market weakness.