Bitcoin closes above $92,000, altcoins pull back, Wall Street rises
● Bitcoin continues to maintain an upward momentum after closing above the $92,000 mark, which is the highest level recorded to date.
● On Tuesday evening, stock market futures rose slightly as investors awaited important earnings reports from tech giant Nvidia.
● Futures contracts related to the Dow Jones Industrial Average rose 76 points, or about 0.2%. The S&P 500 index futures contracts rose about 0.2%, and the Nasdaq 100 futures contracts also rose slightly by 0.2%.
● In after-hours trading, Comcast's stock rose more than 2%. The telecom giant is expected to release its report on Wednesday. The separation is expected to last about a year. This news was first reported by The Wall Street Journal.
● In regular trading on Tuesday, Nvidia's stock rose nearly 5% as investors anticipated the chipmaker's latest performance. Nvidia's stock rise helped lift the Nasdaq Composite Index by 1% and the S&P 500 Index by 0.4%.
● Investors are looking for detailed information about demand for Nvidia's Blackwell AI chips. The performance of this semiconductor giant, with a market capitalization of $3.6 trillion, could impact the S&P 500 Index and Nasdaq Composite Index for the remainder of the week.
● In terms of earnings, investors are also waiting for results from retailers Target and TJX. Both companies are set to release their reports on Wednesday.
● Investors will also hear comments from Federal Reserve Governor Lisa Cook and Michelle Bowman, as well as Boston Fed President Susan Collins.
● Bitcoin closed slightly above the $92,000 mark yesterday, marking the highest daily closing price on record.
● After Bitwise CEO Hunter Horsley announced that the company's BITB Bitcoin ETF options trading will begin on November 20, this leading asset also set a new ATH of $94,002.
● Bloomberg ETF analyst James Seyffart stated that this event could signal a wave of similar options functionalities for other Bitcoin ETFs.
● The altcoin market declined yesterday. Most large projects began to show signs of adjustment after overheating growth in the previous days.
