Crypto Market Extends Losses as Nvidia Earnings Disappoint; Aptos Soars on ETF Buzz
The cryptocurrency market continued its downturn, mirroring losses in U.S. equities after Nvidia’s earnings report fell short of sky-high investor expectations.
Ethereum (ETH) slid another 7% in the past 24 hours, extending its week-long decline, while Bitcoin (BTC) traded between $89,000 and $82,500 before rebounding slightly to $86,000 in early Asian trading. The CoinDesk 20 (CD20) index, which tracks the largest crypto assets, dipped over 3%.
Altcoins Tumble as Liquidations Mount
Several major altcoins, including XRP, BNB, Cardano (ADA), and Dogecoin (DOGE), dropped up to 4%, adding to a brutal week for crypto investors. Bullish bets on crypto futures took a major hit, with more than $600 million in liquidations.
Meanwhile, Aptos (APT) and Litecoin (LTC) defied the broader market downturn, each jumping over 10%. APT’s rally followed the registration of a “BITWISE APTOS ETF” in Delaware, fueling speculation about a potential institutional product.
Litecoin’s rise, on the other hand, was driven by rumors of an upcoming LTC ETF—though analysts remain skeptical about its staying power.
“LTC’s rally is fueled by speculation, not fundamentals,” said Ben Yorke, VP of Ecosystem at WOO.
“Without strong yield potential or real utility, institutional investors may see it as a short-term trade rather than a long-term hold.”
Macro Pressures Add to Market Uncertainty
Beyond crypto-specific trends, broader macroeconomic concerns are weighing on investor sentiment. A New York Fed report revealed that President Donald Trump’s latest tariffs on Chinese imports could have a more severe impact on the U.S. economy than previously expected.
At the same time, uncertainty around Federal Reserve policy remains a key focus.
“The Fed’s hands are tied—rate cuts are unlikely in the near term due to persistent inflation,” said Chris Yu, Co-Founder and CEO of SignalPlus.
“With BTC volatility dropping alongside price declines, it’s a sign that traders are stepping away from risk.”
What’s Next for Bitcoin?
For now, Bitcoin is struggling to regain momentum, with key support levels being tested. Traders are watching macroeconomic developments and potential regulatory shifts for signs of a trend reversal.
