Bitcoin climbs toward $81,000 as Nvidia’s earnings lift risk assets

Bitcoin (BTC) surged toward the $81,000 level on Thursday morning, buoyed by a strong earnings report from Nvidia that lifted US equity markets and risk assets.

Nvidia’s earnings surprise

Nvidia posted second‑quarter revenue of $96.2 billion, about $4 billion above analysts’ forecasts. The company’s shares jumped more than 9%, adding roughly $400 billion to its market capitalization and pushing the Nasdaq Composite Index up about 1%.

Impact on Bitcoin price

TradingView data showed BTC/USD reaching a local high of $80,808, with the $80,000 level acting as support. Analysts noted that sell‑side pressure above $82,000 was easing ahead of the upcoming August options expiry on Deribit, which involves $6.58 billion of contracts (approximately 81,700 BTC).

Market context

• Crypto liquidations rose to about $417 million over the previous 24 hours, according to CoinGlass.
• Attention is shifting to the Federal Reserve’s Jackson Hole symposium, where Chair Kevin Warsh is expected to speak on Friday.

Outlook

Analyst David Eng described the liquidity wall above $80,000 as weakening, suggesting that a break above $82,000 could clear a path toward $85,000 and higher levels.