0807 GMT - Bitcoin recovers modestly from recent losses as investors shrug off Nvidia's underwhelming earnings report, MH Markets analyst Mohammed Taha says. Risk sentiment is bolstered by expectations that the Federal Reserve will resume interest-rate cuts soon ahead of Friday's U.S. personal consumption expenditures price data, he says. A lower-than-expected print could reinforce hopes for a September rate cut, historically a tailwind for risky assets like bitcoin, he says. "Moreover, the U.S. strategic bitcoin reserve initiative, despite its limitations to forfeited assets, continues to signal long-term governmental support, sustaining institutional interest." Bitcoin rises 0.7% to $113,199, LSEG data show. Nvidia's shares fell in postclose trade after its second quarter results included a narrow revenue miss in a key data-center segment. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
August 28, 2025 04:07 ET (08:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.