Five Big Tech Earnings Could Decide Bitcoin’s Next Move This Week
BeInCrypto
Major US tech companies' quarterly earnings reports are expected to significantly influence Bitcoin prices due to the assets' high correlation with Nasdaq equities.Summary
The quarterly earnings reports from Microsoft, Alphabet, Meta, Amazon, and Apple are poised to impact Bitcoin prices this week. Given the strengthening correlation between Bitcoin and the Nasdaq 100, investors are closely monitoring these companies' AI capital expenditure plans. High spending on infrastructure has become a critical market-sensitive metric, and any disappointments in these reports could trigger volatility in both equity and cryptocurrency markets.
(Source：BeInCrypto)