QCP Capital: NVIDIA's earnings report is coming out tonight, and the movements in the US stock market may influence the Bitcoin trend.

QCP Capital highlights three major issues currently affecting investors’ sentiments: the confrontation between Trump and the U.S. Federal Reserve, NVIDIA’s upcoming earnings report to be released on August 28 at midnight Taiwan time, and the potential impact of the stock market on the crypto market. (Background: Trend Analysis》Can Ethereum ETH lead Bitcoin this cycle? SharpLink is very optimistic.) (Background Supplement: All declines are paper tigers, and the violent alt season brought by interest rate cuts is expected in Q4?) In its latest market report released today (27), QCP Capital points out three major issues currently affecting investors’ sentiments: the confrontation between Trump and the U.S. Federal Reserve, NVIDIA’s upcoming earnings report to be released on August 28 at midnight Taiwan time, and the potential impact of the stock market on the crypto market. Pressure Testing the Independence of the Federal Reserve QCP Capital first notes that, currently among the U.S. Federal Reserve, governors Bowman, Waller, and Miran are seen as Trump allies; if governor Lisa Cook is replaced, the internal forces of the Federal Reserve will obviously lean towards doves, which will also affect the Fed’s future monetary policy path. QCP Capital continues to point out that last week, Powell’s speech at the Jackson Hole meeting redefined the Federal Reserve’s risk-balanced stance. Officials expressed concerns about the slowing labor market; thus, the current labor market background is more important than the risk of inflation accelerating again, which lays the groundwork for a rate cut in September, despite the fact that there is still one non-farm employment data and consumer price index data to be released before the FOMC meeting. NVIDIA’s Earnings Report: How Long Can High Valuation Last? Additionally, QCP Capital emphasizes that at midnight Taiwan time on August 28, after the U.S. stock market closes, chip giant NVIDIA will also release its earnings report. QCP Capital points out that NVIDIA’s weight in the S&P 500 exceeds 8%, sharing nearly one-third of the market capitalization with the remaining ‘U.S. stock seven giants.’ However, MIT’s research shows that as much as 95% of AI projects are currently unprofitable, and geopolitical risks have led the market to begin calculating the growth limits of AI companies. In summary, given the widespread application of artificial intelligence, NVIDIA’s performance and guidance will be closely monitored by the market. Bitcoin and Risk Assets ‘Breathing the Same Air’ Finally, turning to the cryptocurrency market, QCP Capital notes that the current price of Bitcoin is greatly influenced by whales and institutional supply and demand. As Bitcoin receives increasing attention from traditional capital, its trend is also increasingly influenced by the stock market. Therefore, if U.S. stocks, especially large tech stocks, decline, it may also drive Bitcoin down simultaneously, and investors must remain highly vigilant about this risk. Related Reports: The Swiss National Bank Chairman again refuses to ‘include Bitcoin in reserves’! Stability of the Swiss franc is important, but the constitutional amendment is still being signed. Venture capital father Tim Draper returns to fiercely promote Bitcoin: Don’t be afraid, we are still in the BTC big trend. Trend Analysis》Can Ethereum ETH lead Bitcoin this cycle? SharpLink is very optimistic. This article was first published in BlockTempo, the most influential blockchain news media.