Bitcoin News Today: Nvidia's AI Boom Fuels Bitcoin Volatility as Bubble Fears Intensify

Nvidia's record-breaking fiscal third-quarter revenue of $57.01 billion, surpassing Wall Street estimates by nearly $2 billion, initially spurred a rebound in Bitcoin prices above $91,000. However, the cryptocurrency subsequently fell to a new monthly low of $86,400 amid renewed fears of an AI-driven market bubble. The chip giant's data center business, which fuels AI applications, accounted for $51.2 billion of revenue, reflecting sustained demand for its Blackwell architecture and cloud GPUs. CEO Jensen Huang highlighted ongoing strong sales, with products remaining sold out, while CFO Colette Kress emphasized that CUDA-powered accelerators are extending hardware lifespans and solidifying Nvidia's dominance in AI infrastructure as per financial reports.

Bitcoin's volatility followed a classic fractal pattern seen in Q1 2025, according to analyst Cas Abbé, who noted that both corrections were driven by macroeconomic anxieties. In 2025, the sell-off stemmed from U.S. tariff wars, while the current pullback reflects panic over AI overvaluation. Abbé predicted Bitcoin could consolidate between $85,000 and $100,000 for 3–4 weeks before retesting higher levels. Meanwhile, BitBull argued that Bitcoin's weekly RSI hitting oversold territory and its position near the lower boundary of a descending channel signaled potential short-term rallies toward $98,000–$100,000.

The link between Nvidia's performance and Bitcoin's trajectory has become increasingly pronounced. Analyst Jesse Colombo warned that Bitcoin's 92% correlation with the Nasdaq underscores its role as a leveraged tech stock, vulnerable to a collapse if the AI sector's perceived bubble bursts. This sentiment is echoed by major investors: Peter Thiel exited a $100 million Nvidia stake, while SoftBank sold $5.8 billion in shares. Regulators, including the Bank of England and IMF, have also flagged systemic risks from AI's rapid adoption.

Despite Nvidia's $65 billion fourth-quarter revenue forecast, which beat analyst expectations, the broader market remains fragile. The Dow erased a 700-point rally post-Nvidia's earnings, and U.S. stocks sold off as investors reevaluated AI-driven growth narratives according to market analysis. Bitcoin mining stocks, however, saw a post-earnings rebound, with Cipher Mining and IREN surging over 10% in after-hours trading. Analyst Matthew Sigel noted that miners' capital expenditures and debt burdens amplify their sensitivity to AI demand shifts.

A more bearish outlook comes from AlejandroBTC, who argues Bitcoin has broken down from a rising wedge pattern, projecting a potential slide to $30,000. This aligns with classical technical analysis, where such breakdowns often signal long-term downtrends.