Tag: CRYPTOS FoxBusiness.

Bitcoin surged more than 6% on Wednesday, climbing past $68,000 as a broader crypto rebound swept through the market.

The rally lifted major altcoins, with Ethereum rising nearly 11% to around $2,050, Solana gaining 11% to $88, and XRP advancing 7.5% to near $1.45. Filecoin led large-cap gainers, up 23% in the past 24 hours, followed by Polkadot at 22% and Aptos at 19%.

The move coincided with strength in equities. The S&P 500 gained 0.7% by midday, while the Nasdaq rose 1%, signaling renewed correlation between crypto and traditional markets after a period in which digital assets moved largely in isolation and primarily to the downside.

Commodities also advanced, with gold up 1.3%, surging past $5,200, and silver surging 4.2% to reclaim the $90 level.

The rally triggered nearly $80M in liquidations in the past hour and more than $429M over the past 24 hours, the majority tied to short positions, according to Coinglass data.

Crypto-related equities followed spot prices higher after Circle reported earnings that beat expectations earlier in the day.

Circle shares jumped more than 28%, while Coinbase gained 13%, Figure rose 12%, and Galaxy advanced 8%. Crypto treasury companies also moved higher, with Strategy up 8%, BitMine up 12%, and SharpLink up 12%. Miners posted gains as well, with WULF up 5%, MARA up 9%, and CleanSpark up 4%.

Nvidia(NVDA), the world’s largest public company by market value and bellwether for the AI sector, once again topped Wall Street expectations for the fourth quarter, reporting results after the close of U.S. markets on Wednesday.

The chipmaker beat estimates, reporting revenue of $68.1 billion, a 73% increase from a year earlier, as continued AI-related capital spending fueled strong demand for its chips. It also reported adjusted earnings per share of $1.62, beating estimates. Wall Street analysts expected Nvidia to report approximately $66.1 billion in revenue and $1.54 in adjusted EPS, according to FactSet data.

Shares rose nearly 3% in post-market trading on Wednesday following the earnings release.

Investors are now focused on guidance. Nvidia expects first-quarter revenue of around $78 billion, up from analyst expectations of $72.9 billion, setting the tone for the next phase of AI-driven growth.

The chip-making giant also said that its Data Center revenue for the fourth quarter was a record $62.3 billion, up 75% from a year ago and up 22% from the prior quarter, driven by the “major platform shifts – accelerated computing and AI.”

Following the results and outlook, bitcoin remained at session highs around $69,500 after a 10% rally from Tuesday’s lows. AI-focused crypto tokens such as Bittensor (TAO) and Internet Computer (ICP) added to their gains.

Crypto miners, increasingly linked to AI and high-performance computing infrastructure, also saw modest gains following Nvidia’s report. IREN (IREN), Cipher Digital (CIFR), and TeraWulf (WULF were 1%-2% higher in after-hours trading.

The company will host a conference call at 5 p.m. ET, where investors will be listening closely for further signals on the next phase of the AI infrastructure buildout.

Solana flipped a downside range break back into support after a quick sweep on both sides of the range. Meanwhile, traders pointed to bullish divergence signals that could grow across higher timeframes if support holds.

Solana reclaims breakdown after range sweeps, analyst flags bullish divergence

Solana traded near $78 on Coinbase’s 4 hour SOLUSD chart after price swept both sides of a recent range and then reclaimed a break to the downside, according to crypto trader Bluntz Capital, who posts on X as @Bluntz_Capital. The latest candle in the screenshot showed $SOL at about $78.27, up roughly 1.25% on the session, after earlier trading between about $77.23 and $78.56.

Solana U.S. Dollar 4 hour chart (SOLUSD, Coinbase). Source: TradingView / X

The chart showed Solana still below key moving averages, with the 50 period simple moving average near $82.67 and the 100 period near $83.50, while the 200 period sat much higher around $96.88. Inside the marked range box, price pushed below the lower boundary before snapping back, a move the analyst described as a reclaimed breakdown following a liquidity sweep.

Bluntz said the setup includes a bullish divergence on the 4 hour timeframe and argued it could extend into a daily bullish divergence and later a 3 day signal. He added that sentiment on “crypto TL” has turned gloomy during the pullback, while he described the sharper capitulation move as occurring a little more than two weeks earlier.

Solana holds $75 support as analyst maps rebound toward $100

A 12 hour $SOL/USDT chart on Binance showed Solana trading inside a defined accumulation range, with repeated defenses near the $75 area and capped moves below a resistance band just under $90, according to analyst CryptoCurb, who posts on X as @CryptoCurb. The chart marked several downside probes that held near the lower boundary, followed by rebounds back into the range, a structure the analyst framed as sustained support.

Solana Tether 12 hour chart (SOLUSDT, Binance). Source: TradingView / X

The visual also showed two failed pushes near the upper boundary of the range, where price rolled over after testing the same resistance zone. Inside the boxed area, price oscillated between the range low near the mid $70s and the upper band just below $90, signaling compression after a broader downtrend that unfolded earlier in the month. The setup highlighted a pause in directional momentum after the prior selloff.

CryptoCurb wrote that holding the $75 area keeps the path open for a move back toward the $100 region. The chart overlaid a projected path that curves higher after a final dip inside the range, then accelerates once price clears the upper boundary. The projection reflects the analyst’s roadmap rather than confirmed price action and shows how a breakout from the accumulation zone could develop if support continues to hold.

Adam Lynch, Director of Financial Modeling at the Schwab Financial Research Center, assessed the recent developments in the Bitcoin (BTC) chart. Noting that Bitcoin is trading around $69,000 with a 5% weekly increase, Lynch specifically highlighted the $65,000 range.

According to Lynch, this level has repeatedly acted as both support and resistance in the past. Investors are waiting for sustained closes above or below this level to confirm the direction of the trend. There is a significant accumulation of leverage in this price zone; a drop below $65,000 could trigger a sell-off.

Ark Invest CEO Cathie Wood assessed Bitcoin’s recent underperformance by comparing it to gold. According to Wood, this situation stems from systematic algorithmic models that code the cryptocurrency as a “high-beta risk asset” rather than a store of value. However, Wood reiterated that the overall uptrend remains unbroken and that she sees volatility as an opportunity.

Another noteworthy topic in the program was Elon Musk’s AI model Grok 4.2 Heavy’s Bitcoin prediction. According to the AI model, which ranks highly in live trading competitions, the Bitcoin price expectations are as follows:

• End of 2026: $155,000.
• Peak price in 2027: $240,000.

Grok points to expansion in the money supply, increased liquidity, ETF inflows, and regulatory clarity as the main drivers of this rise.

*This is not investment advice.