Despite a rising US dollar index, Bitcoin’s price remains resilient, potentially influenced by Nvidia’s remarkable surge in value.
Key economic and financial data, including US consumer confidence, JOLTS job report, Eurozone inflation, and US employment figures, are expected to impact crypto markets this week.
Bitcoin (BTC) managed to hold its ground this week, despite the increasing US dollar index (DXY). One possible reason for its resilience could be the phenomenal price surge of chip manufacturer Nvidia. Following strong quarterly earnings, the US company’s value increased by over 25%, providing a positive end to the week in the US financial markets. The Nasdaq100 technology index reached a new 52-week high.
The ongoing uncertainty surrounding the timely resolution of the US debt ceiling increase accelerated the upward momentum in the crypto market over the past 24 hours, leading to a significant recovery for the leading cryptocurrency, reaching a peak of $28,400. This appear

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