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Bitcoin Updates: Nvidia’s Surge in AI Drives Bitcoin Price Swings Amid Growing Concerns of a Market Bubble

Bitcoin Updates: Nvidia’s Surge in AI Drives Bitcoin Price Swings Amid Growing Concerns of a Market Bubble

Bitget-RWA2025/11/20 23:02
By:Bitget-RWA

- Nvidia's Q3 revenue hit $57.01B, driven by $51.2B in AI-focused data center sales, fueling Bitcoin's initial rebound above $91,000. - Bitcoin later fell to $86,400 amid AI bubble fears, mirroring 2025's pattern as analysts link its volatility to macroeconomic anxieties and overvaluation concerns. - CEO Huang highlighted sustained demand for Blackwell architecture, while regulators and investors warned of systemic risks from AI's rapid adoption and market fragility. - Bitcoin's 92% correlation with Nasdaq

Nvidia posted a historic fiscal third-quarter revenue of $57.01 billion, beating Wall Street’s projections by close to $2 billion and initially driving

prices above $91,000. Yet, to a fresh monthly low of $86,400 as renewed concerns about an AI-fueled market bubble emerged. The semiconductor leader’s data center division, which powers AI technologies, , highlighting ongoing demand for its Blackwell chips and cloud GPUs. CEO Jensen Huang pointed to persistent robust demand, noting that products remain out of stock, while CFO Colette Kress stated that CUDA-based accelerators are lengthening hardware cycles and reinforcing Nvidia’s leadership in AI infrastructure .

Bitcoin Updates: Nvidia’s Surge in AI Drives Bitcoin Price Swings Amid Growing Concerns of a Market Bubble image 0
According to analyst Cas Abbé, Bitcoin’s price swings mirrored a typical fractal pattern observed in Q1 2025, with both corrections triggered by broad economic worries. In 2025, the downturn was linked to U.S. tariff disputes, while over excessive AI valuations. Abbé suggested Bitcoin may consolidate between $85,000 and $100,000 for three to four weeks before attempting to move higher. At the same time, entering oversold levels and its proximity to the lower edge of a falling channel could spark short-term rallies toward $98,000–$100,000.

The connection between Nvidia’s results and Bitcoin’s price movements has grown more evident.

that Bitcoin’s 92% correlation with the Nasdaq highlights its behavior as a leveraged technology asset, making it susceptible to a sharp drop if the AI sector’s bubble bursts. This view is shared by prominent investors: Peter Thiel exited a $100 million position, and . Regulatory bodies such as the Bank of England and IMF have also posed by the rapid integration of AI.

Despite

, which exceeded analyst forecasts, the overall market remains unstable. The Dow gave up a 700-point gain after Nvidia’s earnings release, and U.S. equities declined as investors reconsidered the sustainability of AI-driven growth . In contrast, Bitcoin mining companies rebounded after earnings, with Cipher Mining and IREN both jumping over 10% in after-hours trading. that miners’ capital spending and debt loads make them particularly sensitive to changes in AI demand.

A more pessimistic perspective comes from AlejandroBTC, who

from an ascending wedge formation, forecasting a possible drop to $30,000. This view is consistent with traditional technical analysis, where such breakdowns often indicate a prolonged bearish trend.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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