The cryptocurrency market is preparing for a crucial week with several macroeconomic and industry-specific events occurring from February 24 to February 28, 2025. This includes Nvidia’s significant earnings report, U.S. economic data, and legislative discussions regarding digital assets, all of which could drastically influence crypto prices and investor sentiment.
The total market capitalization of cryptocurrencies is currently at $3.28 trillion, marking a decline of 2.3% in the past 24 hours. Bitcoin (BTC) has fallen below the $96,000 threshold, and Ethereum (ETH) is priced at $2,740, having previously reached $2,835 earlier in the day. The market remains relatively stable, trying to recover from recent turmoil caused by the Bybit hack.
Nvidia Set To Release Quarterly Earnings
🇺🇸EARNINGS THIS WEEK: • NVIDIA $NVDA
• SALESFORCE $CRM
• TEMPUS AI $TEM
• SNOWFLAKE $SNOW
• ZOOM VIDEO $ZMSource: Investing.com, February 23, 2025
Tech powerhouse Nvidia is expected to disclose its quarterly earnings on February 26, 2025. While Nvidia predominantly operates within the semiconductor and AI sectors, its influence spans into the cryptocurrency industry due to its production of GPUs, essential for mining cryptocurrencies such as Ethereum Classic (ETC).
Furthermore, Nvidia’s financial results could greatly affect investments in AI-related crypto assets. A strong performance may renew interest in these niche tokens.
Several major crypto mining firms are also set to release their earnings reports this week, including Riot Blockchain and Marathon Digital Holdings.
Key Economic Reports To Watch
The most awaited report is the GDP data for Q4 2024, scheduled for release on Thursday, February 27, 2025. Economists anticipate confirmation of a growth rate of 2.3%. A GDP growth that surpasses forecasts could hinder hopes for interest rate cuts by the Federal Reserve. Also closely watched will be the PCE inflation report on Friday, which serves as a crucial inflation metric for Fed policymakers.
If both the Producer Price Index (PPI) and Consumer Price Index (CPI) trend upwards, a higher-than-expected PCE reading could revive stagflation concerns—characterized by low growth and high inflation.
Key Takeaways
- Anticipation for Q4 2024 GDP data is high.
- Exceeding GDP growth expectations may undermine chances for Federal Reserve rate cuts.
