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AI FUD eases as NVDA posts stronger earnings – What it means for Bitcoin
Let's recap what just happened.
We had manipulation fears. We had the DeepSeek AI crash. We had tariff volatility. All of it wiped out nearly a trillion dollars from crypto in just over a month.
But now, two things changed.
First, the Jane Street manipulation issue got resolved. That brought some confidence back.
Second, and more importantly, Nvidia $NVDAon just dropped its earnings report.
And it was a monster.
Nvidia posted record quarterly revenue of $68.1 billion. Data center revenue surged 1,200 percent. Gross margins held at 75 percent. Free cash flow hit nearly $35 billion, up almost $20 billion from last year.
This matters because AI fears have been weighing on the entire risk asset market.
The DeepSeek crash showed how sensitive crypto is to AI news.
If AI stocks look weak, crypto feels it.
But Nvidia just pushed back against that fear.
They delivered strong numbers despite a risk-off quarter.
That changes the narrative.
Look at the market reaction.
Crypto total market cap is up about 1.8 percent this week.
That's $40 billion added in three days.
Bitcoin open interest jumped $500 million alongside a 6 percent rally.
Speculation is coming back.
Sentiment is also shifting.
We spent most of February in extreme fear.
Now we are just four points away from re-entering the fear zone.
That is progress.
So what does this mean for Bitcoin?
The same AI fears that dragged crypto down are now easing.
If Nvidia proved AI demand is still real, risk assets can breathe.
Bitcoin is pushing toward $70,000 again.
Open interest is rising with price, which is healthy speculation, not leverage overheating.
If this momentum holds, a breakout past $70,000 could be next.