Bitcoin Price Rose Close to $70,000. What Nvidia Earnings Mean for Cryptos. -- Barrons.com

Dow Jones
02/26

By Alex Kozul-Wright

Bitcoin jumped to $69,520 over the past 24 hours, according to CoinDesk data, but has since pared some of those gains to trade up 4.4% at $67,903.

Ethereum, the world's second biggest cryptocurrency, also got a shot in the arm -- it's up 8.5%. Elsewhere, popular alt-coin XRP rose by 4.9%.

The price rises came ahead of Nvidia's earnings report, which was posted after the bell Wednesday which one analysts said should lift Bitcoin.

"Nvidia results are a long-term tailwind for Bitcoin, and good earnings will support this price action," Nexo analyst Iliya Kalchev told Barron's in an interview ahead of the earnings.

Results for Nvidia's fourth quarter, which ended in December, came in ahead of Wall Street expectations. The company's forecasts also beat estimates.

Crypto-related stocks, meanwhile, suffered a leg down. Robinhood , a digital asset brokerage, fell 0.9% in after hours trading, while brokerage firm Coinbase also dropped 0.9%.

Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

February 26, 2026 05:13 ET (10:13 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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