Crypto Market Today: Nvidia Earnings and Fed Minutes Could Shift Bitcoin Price

The crypto market is entering a decisive week, with Bitcoin testing key support levels and traders closely monitoring Nvidia’s earnings and the Federal Reserve’s meeting minutes for potential catalysts. Alongside Bitcoin, XRP and Solana are also showing key technical setups.

Bitcoin Holds at $108K Amid Profit-Taking Pressure

Bitcoin is consolidating above $108,900, supported by a trendline in place since early April. Despite positive developments—including Circle’s IPO plans and news of a proposed $2.5 billion Bitcoin allocation by Trump Media—BTC has been unable to reclaim the $110K level.

Glassnode data shows whales holding over 10,000 BTC have started to reduce positions, signaling light profit-taking. While broader sentiment remains positive, analysts caution that a drop below $104,000 could trigger a deeper correction toward the mid-$90,000s. Still, persistent ETF inflows continue to support Bitcoin’s long-term uptrend by absorbing market supply.

Market Eyes Nvidia and Fed Minutes for Direction

Investor focus is now on Nvidia’s earnings report and the Federal Reserve’s meeting minutes. Nvidia’s performance in the AI sector has historically correlated with broader risk asset trends, including crypto. A strong report could boost market sentiment and reignite upward momentum.

Meanwhile, traders await the Fed’s tone on inflation and interest rates. While earlier concerns were tied to proposed tariff policies, recent delays may limit the impact of hawkish language—unless unexpected commentary emerges.

XRP Holds Strong as XRPFi Ecosystem Gains Traction

XRP is holding above its 200-day simple moving average, maintaining a bullish posture. Renewed interest is building around the emerging XRPFi ecosystem, powered by Ripple’s EVM-compatible sidechain and DeFi protocols like Strobe Finance.

Glassnode highlights that over $2.15 billion worth of dormant XRP is held in inactive wallets. If this idle capital flows into XRPFi applications, it could stimulate growth on the XRP Ledger and lift XRP prices in the coming weeks.

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Solana Aims for $220 If $180 Resistance Breaks

Solana is gradually building upward momentum, recently testing the $187 level. According to analyst Pentoshi, SOL must convert the $180 resistance into support to target a move toward $220.

The price action reflects growing confidence, but confirmation will require sustained trading above the breakout level, along with increasing user activity and on-chain adoption.

Conclusion

The crypto market stands at a key technical and macroeconomic crossroads. Bitcoin’s current consolidation, paired with influential external events like Nvidia’s earnings and the Fed minutes, could set the tone for short-term price direction. Meanwhile, assets like XRP and Solana show promising signs of breakout potential, supported by ecosystem growth and investor interest.

As always, while long-term sentiment remains bullish, short-term volatility and policy risks should be carefully monitored.

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