Bitcoin Dips Ahead of Nvidia Earnings and Fed Meeting Minutes

Bitcoin Falls Further as Investors Turn Risk-Off Ahead of Nvidia Earnings and Fed Meeting Minutes

Bitcoin slipped 0.8% to $108,787 on Wednesday as investors adopted a cautious risk-off approach ahead of key events in the tech and financial sectors. Market participants are closely watching Nvidia’s upcoming earnings report, which is expected to face scrutiny amid concerns over the impact of US trade tariffs introduced in April.

Analyst Susannah Streeter of Hargreaves Lansdown noted that Nvidia’s results and guidance are likely to come in weaker than investors have anticipated, adding to the market’s cautious tone.

In addition to the tech earnings, investors are also awaiting the release of the Federal Reserve’s minutes from its May 7 meeting, scheduled for 19:00 GMT. At that meeting, the Fed held interest rates steady but indicated no immediate urgency to cut rates, reflecting ongoing uncertainty about the US economic outlook.

These combined factors have led to increased risk aversion in the markets, putting downward pressure on Bitcoin and other risk assets as investors await clearer signals from corporate earnings and central bank policy.