August 27|Today’s Core News in the Crypto Market
🔥 Top Story: Nvidia’s earnings beat expectations by a wide margin, reigniting risk-asset sentiment
After the close in Beijing time, Nvidia released its earnings report:
- Q2 revenue was $96.2 billion (vs. $92.3 billion expected); data center revenue was $89.0 billion, up +117% year over year.
- Next-quarter guidance is $108.0 billion. It also raised its FY2028 revenue growth forecast to 70%, far above the market’s 45% expectation.
- After-hours stock price surged as much as 5% at one point.
- Impact on the crypto market: BTC has a high correlation with Nvidia. As AI risk appetite recovers, it indirectly provides sentiment support to the crypto market. However, BTC is still trading sideways in the $77,000–$79,000 range. The $80,000 level has repeatedly been pushed higher but met resistance; bullish momentum is starting to fade, and many long positions have been liquidated.
📌 The biggest macro “bomb” on the horizon this week: the Jackson Hole central bank conference
At 22:00 on August 28 (Beijing time), the Fed Chair will deliver remarks. The whole market is waiting for signals on inflation, whether the Fed will raise or cut rates in September, and guidance on Treasury yields. $NVDAB