Bitcoin, the world’s leading cryptocurrency by market capitalization, surged sharply on Tuesday, partially recovering from recent losses following stronger-than-expected earnings from tech giant Nvidia. The company’s data-center business posted impressive revenue of roughly $51.2 billion, alleviating fears of an imminent AI bubble akin to the dot-com crash. As a key supplier in the global AI and computing ecosystem, Nvidia’s results have boosted investor confidence in the broader AI infrastructure cycle.

Although Bitcoin and Nvidia belong to different asset classes, markets increasingly view them through a shared macro lens. Nvidia’s earnings acted as a “risk-on” catalyst, reinforcing that the AI-driven macro environment remains robust. Bitcoin, seen as a high-beta risk asset, responded positively, with analysts noting that increased GPU demand could reduce BTC sales from miners, creating additional upward price pressure for the cryptocurrency.