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Bitcoin Updates: Bitcoin Surges While Stock Markets Lag as Nvidia's Results Determine AI Industry Outlook

Bitcoin Updates: Bitcoin Surges While Stock Markets Lag as Nvidia's Results Determine AI Industry Outlook

Bitget-RWA2025/11/18 18:52
By:Bitget-RWA

- Bitcoin surged 4% to $93,700 on Nov. 18, outperforming a 1.5% Nasdaq drop as investors awaited Nvidia's Q3 earnings. - Weak institutional demand and a -$114 Coinbase premium gap signaled hesitation, keeping Bitcoin range-bound near $91,500 support. - Nvidia's $500B chip order forecast fueled AI optimism, but 10% stock declines this month raised overvaluation concerns. - Altcoins and crypto equities gained as tech stocks fell, highlighting crypto's brief risk-on appeal amid AI sector uncertainty. - Nvidia

Bitcoin Jumps While Stocks Falter Ahead of

Earnings, Prompting Debate Over Market Mood

On Nov. 18, Bitcoin bounced back sharply, rising 4% to reach $93,700 after earlier dropping below $90,000,

as major indexes slid in anticipation of Nvidia’s earnings report. This marked an unusual moment where cryptocurrencies led traditional risk assets, with the Nasdaq losing 1.5% and the S&P 500 down 1.1% into whether the AI-fueled rally could continue.

The recovery occurred as

approached a key support zone between $91,500 and $88,400, an area that has previously attracted buyers. Despite this, on-chain data pointed to subdued institutional interest, with the Coinbase premium gap—which tracks price differences across exchanges— . Experts saw this as evidence that large investors remain cautious, possibly keeping Bitcoin’s price movement limited for now.

Bitcoin Updates: Bitcoin Surges While Stock Markets Lag as Nvidia's Results Determine AI Industry Outlook image 0

Nvidia’s third-quarter earnings, set for release Wednesday, have become a central focus for investors. The chip giant’s results are widely viewed as a gauge for the broader AI industry, which has powered much of this year’s market gains.

, Nvidia CEO Jensen Huang announced $500 billion in chip orders for 2025–2026, fueling hopes for sustained demand. However, , including a 10% slide in Nvidia shares this month, have sparked worries about high valuations and the risk of a pullback.

The selloff in tech stocks created an opening that Bitcoin temporarily filled. Other cryptocurrencies such as

and also posted gains of 2.5% to 4%, for risk. At the same time, crypto-related stocks like Marathon Digital and Bitmine Immersion surged, bucking the wider market’s decline. This divergence has among crypto enthusiasts, though many warn that the outperformance may be short-lived.

Nvidia’s reach goes beyond its own shares.

, such as a $30 billion cloud computing partnership with Microsoft and Anthropic, have strengthened connections among AI software companies, cloud services, and chipmakers. While these deals signal strong demand, they have also raised concerns about potentially inflated sector valuations. Arm Holdings recently broadened its partnership with Nvidia to add NVLink Fusion technology to its Neoverse platform, further cementing Nvidia’s role in AI infrastructure.

Despite the upbeat outlook, obstacles remain. Analysts note that falling AI chip prices and production challenges have squeezed profit margins.

that “each quarter, Nvidia’s results become more crucial for understanding the direction of AI and the scale of investment.” With institutional interest still muted and economic uncertainty persisting, Bitcoin’s rally may have trouble sustaining momentum without broader market support.

As the crypto market waits for Nvidia’s earnings, the dynamic between AI-driven tech stocks and digital assets will remain a central story. For now, Bitcoin’s brief lead highlights the fragility of risk appetite in a market where even the strongest sectors are vulnerable to profit-taking and cautious trading

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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.

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