Bitcoin Fails to Rally After Nvidia Boosts Markets. Why That’s a Big Worry for Crypto.
November 20, 2025
The price of Bitcoin was edging higher on Thursday, although crypto investors will be worried that the digital asset didn’t get a bigger boost from chip maker Nvidia’s third-quarter earnings beat.
Bitcoin was up 0.6% to $91,871 over the past 24 hours, according to data from CoinDesk. It’s now trading 27% off the record high it hit in early October.
Other cryptos were mixed. Ethereum fell 2.6% and XRP slid 0.7%, but Solana climbed 1.8% over the past 24 hours, per data from the Kraken exchange.
Moves of that size might not sound like a big deal. But investors would have been hoping for sizable gains, considering Nvidia’s solid earnings and strong forecast have sparked a rally for tech stocks, which tend to move in tandem with digital assets. Futures tracking the Nasdaq 100 were up 1.5% on Thursday, as the chip maker’s results eased fears about a potential artificial-intelligence bubble.
If that isn’t boosting cryptos, then it’s hard to see what will. Federal Reserve minutes from Wednesday signaled that policymakers may be leaning toward holding interest rates steady in December. That would probably drag Bitcoin and its peers even lower—when rates are relatively high, cryptos are less appealing relative to interest-bearing investments such as bonds and savings accounts.
Write to George Glover at george.glover@dowjones.com
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