Bitcoin reached new local highs of $80,808 as buyers sought to cement the $80,000 level as support. Nvidia reported second-quarter earnings of $96.2 billion, nearly $4 billion above expectations, driving its stock price up over 9% and adding more than $400 billion to its market capitalization. Markets are now focused on the US Federal Reserve’s Jackson Hole economic symposium, where chair Kevin Warsh is set to deliver a key speech on Friday. A $6.58 billion (81,700 BTC) options expiry event is scheduled on Deribit, with analysts anticipating a bullish acceleration should Bitcoin break above $82,000.
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