Bitcoin continues its upward trend after closing the daily above $92,000, the highest level ever recorded.

BTC price chart – 1 day | Source: TradingView

U.S. stocks

Futures contracts in the stock market rose on Tuesday evening as investors looked forward to important earnings reports from tech giant Nvidia.

Futures contracts linked to the Dow Jones Industrial Average rose by 76 points, equivalent to about 0.2%. S&P 500 futures contracts increased by about 0.2%, while Nasdaq 100 futures also edged up by 0.2%.

In after-hours trading, shares of Comcast
rose more than 2%. This telecom giant is expected to announce a report on Wednesday regarding the separation of its cable television networks, including MSNBC and CNBC. The separation is expected to take about a year. This news was first reported by The Wall Street Journal.

In regular trading on Tuesday, shares of Nvidia soared nearly 5% as investors anticipated the latest results from the chip manufacturer. The increase in Nvidia's stock helped lift the Nasdaq Composite by 1% and the S&P 500 by 0.4%.

Investors want to know the details about the demand for Nvidia's Blackwell AI chips. How this semiconductor giant, with a market capitalization of $3.6 trillion, operates could shape the S&P 500 and Nasdaq Composite for the remainder of the week.

In terms of earnings, investors are also awaiting results from retailers Target and TJX. Both companies will report on Wednesday.

Investors will also listen to comments from Federal Reserve Governor Lisa Cook and Michelle Bowman, as well as Fed Boston President Susan Collins.

Bitcoin and Altcoin

Bitcoin closed yesterday just above the $92,000 mark, the highest daily closing ever recorded.

The top asset also reached a new ATH at $94,002 after Bitwise CEO Hunter Horsley announced that options trading on the company's Bitcoin ETF BITB product would start on November 20.

According to Bloomberg ETF analyst James Seyffart, this event could signal a wave of similar options feature launches on other Bitcoin ETFs.

Currently, BTC has slightly corrected around $91,800, but still maintains an increase of nearly 1% compared to 24 hours prior.

BTC price chart – 4 hours

The Altcoin market reversed and declined yesterday. Most major projects began to show signs of correction after a period of overheated growth in previous days.

Akash Network (AKT), Tezos (XTZ), Neo (NEO), Kaspa (KAS), Injective (INJ), Gala (GALA), Bittensor (TAO), Hedera (HBAR), Celestia (TIA), Ethena (ENA), Sei (SEI), Core (CORE), NEAR Protocol (NEAR), AIOZ Network (AIOZ), JasmyCoin (JASMY), cat in the dogs world (MEW), dogwifhat (WIF), Helium (HNT), Ondo (ONDO), Arweave (AR)… lost 5-9% of their value.

Ethereum (ETH) still cannot push its price above $3,200 after several attempts.

The market continues to face strong selling pressure after hitting a local peak at $3,221, pulling prices back close to the $3,100 threshold, down more than 1% compared to 24 hours prior.