Bitcoin gained 5% from $88,500 to $93,000 after Nvidia’s strong earnings report. Falling volume and rising open interest suggest fragile conviction behind current rebound.

Can Bitcoin really overtake Nvidia's massive market cap in just five years? The simple math might surprise you.

Investors would have been hoping for sizable gains, seeing as Nvidia's solid earnings have sparked a rally for tech stocks.

The move pushed BTC to its lowest level since April and erased most of its 2025 gains, with the market cap slipping to roughly $1.77 trillion and 24-hour volumes topping $70 billion as forced liquidations and de-risking rippled through futures markets.

The news for the moment has calmed particularly jittery crypto markets, sending bitcoin BTC $91,759.59 back above $90,000 after having nearly fallen through $88,000 earlier Wednesday. AI-focused crypto tokens like TAO $325.59, Near Protocol NEAR $2.2428, ICP $5.0351 and RNDR $2.0051 all rose 4%-5% following the report.

The struggles are a sharp turnaround from the months of relentless rallying for the U.S. stock market since April.

Bitcoin's (BTC-USD) slump deepened Thursday just as U.S. stocks gave back gains fueled by Nvidia's (NVDA) Q3 earnings beat, in a sign of renewed investor caution. The cryptocurrency retreated 4.7% in the last 24 hours to $87.

Bitcoin fell back to nearly $88,000 in U.S. morning trading hours Thursday, erasing a move back to $93,000 following Nvidia earnings overnight. Ether dropped below $2,900, as ETH treasury company FG Nexus offloaded some of its tokens to buy back shares.

Bitcoin drops to a new monthly low after Nvidia's strong outlook calms AI bubble fears, raising concerns of further downside ahead.

Bitcoin-mining companies like IREN and Cipher Mining saw substantial stock gains after Nvidia reported better-than-expected Q3 results.

Quantum computers should be powerful enough to crack Bitcoin’s security features—by instantly solving the mining mechanism or guessing wallet passwords by brute force—shortly after 2030, according to the CEO of a company working in partnership with Nvidia on its quantum computing efforts.