Week In Review: Nvidia fails to dazzle, Bitcoin hits $70k

• Nvidia ↓ over 5% post earnings
• AI giant delivers 73% surge in Q4 revenue
• Foreign leaders on standby after Supreme Court ruling
• Bitcoin touches $70,000
• Dollar set for bullish breakout above 98.00?

The world’s most valuable company delivered a 73% surge in fourth quarter revenue and beat analyst estimates.

However, it’s shares tumbled as much as 5.6% when US markets opened on Thursday – marking its biggest intraday drop since November 2025.

Despite the blowout results, investors remain concerned over the outlook for AI with growing questions about massive AI spending. Traders have also been spooked by the threat from AI disruption to major sectors.

Reported earnings:

• $1.76 (+98% YoY) – Earnings per share (EPS) vs $1.54 est.
• $68.10B (+73% YoY) – Revenue vs $66.13B est.

With Nvidia’s earnings wrapping up earnings season, the focus returns to global trade developments and geopolitical risk.

Trump’s tariff fiasco

Earlier this week, Trump’s global 10% tariffs went into effect, bringing trade uncertainty back on the table.

Last Friday’s Supreme Court ruling has created fresh confusion over the volley of trade deals negotiated by the United States. Foreign leaders are on standby with the EU moving to freeze their trade deal with the United States.

Bitcoin kisses $70,000

Bitcoin surged toward $70,000, snapping a three-day losing streak as global risk sentiment improved.

Still, the “OG” crypto is down almost 15% month-to-date – its worst month since November 2025. Despite the recent rebound, prices are still down more than 40% from its peak and down almost 50% from its October high of over $126,000.

Prices remain in a range with support at $60,000 and resistance $70,000. A breakout could be on the horizon.

USDInd eyeing bullish breakout?

It’s been a choppy week for the dollar with prices repeatedly testing resistance at 98.00.

On one side, the dollar has been pressured by renewed trade uncertainty amid Trump’s tariff fiasco. However, bulls are drawing strength from cooling Fed cut bets in the face of better-than-expected data.

A solid breakout above 98.00 may open a path toward the 200-day SMA and 99.00.