NVIDIA's Q2 Earnings Beat Expectations as Bitcoin Approaches $81,000 Resistance

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NVIDIA's Q2 revenue reached $96.2 billion, surpassing forecasts by $4 billion. Shares rose over 9% intraday, pushing the market cap above $400 billion. Bitcoin news shows the spot price approaching the $81,000 resistance level. Analysts suggest Bitcoin could break above $82,000, paving the way for $85,000. Deribit’s August options reached a notional value of $6.58 billion. The market is watching Jackson Hole for Fed signals.

ChainThink reports that on August 28, according to Cointelegraph, NVIDIA's second-quarter revenue reached $96.2 billion, surpassing market expectations by nearly $4 billion; its stock rose over 9% during trading, and its market capitalization surged by more than $400 billion.

Driven by these macroeconomic tailwinds, Bitcoin's spot price has rebounded to the $81,000 level. In the derivatives market, analyst David Eng noted that the liquidity sell wall previously hindering the upward movement is weakening.

In August, the notional value of Deribit options contracts reached $6.58 billion, and as expiration approaches, market structural resistance is expected to ease further.

If Bitcoin breaks above $82,000, the path to test $85,000 and higher levels will become clearer.

Market focus is shifting to the upcoming Federal Reserve speeches during the Jackson Hole Economic Symposium, as crypto assets must absorb short-term liquidation volatility; overall movement will depend on policymakers' latest remarks on liquidity and the economy.

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