Bitcoin Recovers From Sharp Losses as U.S. Stock Futures Rise — Market Talk

Bitcoin recovers some ground after sharp losses in the previous session as U.S. stock futures rise ahead of key earnings from Nvidia. The graphics-chip maker has the "heavy task of lifting the market mood this week" following a tech-led selloff in U.S. stocks, Swissquote Bank analyst Ipek Ozkardeskaya says in a note. "The technology selloff is also impacting the mood in cryptocurrencies." Nvidia's fourth quarter earnings after the bell are expected to be strong with an increase in sales following the launch of Blackwell chips and sustained spending from big tech companies, she says. Bitcoin rises 0.4% to $89,062 after hitting a three-month low of $86,003 Tuesday, according to LSEG. ([email protected])