The post How Metaplanet and NVIDIA Formed Bullish BTC Catalysts Today appeared on BitcoinEthereumNews.com.

Bitcoin price consolidated around $84,000 on Wednesday, while top altcoins like XRP, Solana, and Ethereum experienced minor sell-offs ranging between 3% and 6% on the 24-hour candle. With bearish sentiment dominating U.S. equities, Bitcoin’s prevailing bullish catalysts may persist long enough to fuel a rally toward $100,000. BTC tops $84,000 as NVIDIA stock gets caught in US trade war crosshairs The total crypto market cap stabilized near $2.7 trillion on Wednesday, with Bitcoin’s $84,000 support temporarily anchoring the market against external macro headwinds. Chip-making giant NVIDIA suffered major sell-offs on Tuesday, following a $5.5 billion charge due to a U.S. government ban on its H20 chip exports to China. The escalating trade tensions triggered a sharp market reaction. NVIDIA (NVDA) stock price performance, April 16, 2025 | Source: Yahoo Finance NVIDIA shares plunged sharply on Monday wiping out more than $200 billion in market capitalization. At press time, NVDA is trading at $104 per share, reflecting 7% losses within the last 24 hours. Interestingly, initial market movements suggests BTC price received significant inflows from displaced capital as investors rotated out of NVDA and U.S. tech stocks adjacent to it. Bitcoin price action, April 16 | Source: Coingecko With Bitcoin increasingly viewed as resilient to global trade and supply chain disruptions, BTC could potentially climb toward $85,000 if the rotation into crypto persists through the week. However, due to NVIDIA’s systemic relevance in supplying chips for crypto mining hardware, any prolonged NVDA sell-off could eventually exert downward pressure on Bitcoin, potentially dragging prices toward the $80,000 range if risk sentiment deteriorates further. Metaplanet set to invest another $10M in Bitcoin Japanese tech investment firm Metaplanet has issued a new $10 million bond series to fund additional Bitcoin purchases. This latest offering, the firm’s 11th series of ordinary bonds, was fully subscribed…

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Filed under: News - @ April 16, 2025 10:28 pm