Market Recap: Bitcoin Hovers Below $80K as Nvidia (NVDA) Stock Rallies 9% on Earnings Beat

Bitcoin slipped back below the $80,000 level after a brief overnight peak at $81,280. U.S. spot Bitcoin ETFs recorded $2.8 billion in consecutive inflows over eight trading days, supporting prices as markets also watched Fed Chair Kevin Warsh’s inaugural Jackson Hole address for clues on policy ahead of the September FOMC meeting. Nvidia’s results boosted risk appetite: quarterly revenue came in at $96.2 billion and it projected next-quarter revenue above $105 billion, lifting Nvidia shares about 9%. The Nasdaq Composite rose 1.6%, while the S&P 500 gained 0.7% and the Dow edged up 0.2%.