In the cryptocurrency market, the price of Bitcoin has continued to trade steadily in recent days without significant changes. Investors and traders are currently focusing their attention on major news in the tech world, specifically the anticipated IPO of SpaceX and the financial reports of NVIDIA Corporation. This is reported by Coindesk.com reports.
After approaching its historical highs, Bitcoin has entered a consolidation phase within a certain range. Analysts believe this pause in the digital asset market is linked to significant events in traditional financial markets, with large capital flows currently adopting a wait-and-see approach.
News regarding the initial public offering (IPO) of SpaceX, led by Elon Musk, has sparked great interest in the investment environment. At the same time, data on the earnings of NVIDIA, a manufacturer of artificial intelligence chips, is expected to have a direct impact on the Nasdaq and S&P 500 indices.
Participants in the crypto market are also closely monitoring the monetary policy and inflation indicators of the US Federal Reserve (Fed). Fluctuations in the Dollar index (USD) and gold prices remain key factors determining the demand for risky assets like Bitcoin.
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