Analysis: Nvidia earnings and positive PCE data could be catalysts for Bitcoin gains

Odaily reported that Bitcoin fell 21% from its all-time high of $110,000 after a turbulent week. <21Shares> crypto research strategist Matt Mena believes there may be some positive catalysts ahead. He pointed out that Nvidia's strong earnings report on Wednesday and potential further signs of cooling inflation in the core PCE data on Friday are key events that could drive up Bitcoin's price. Matt Mena also emphasized that regulatory clarity could change the game for Bitcoin, particularly in attracting institutional capital, as if the US provides clear guidance on stablecoins and broader digital asset regulation, a large amount of institutional money may enter the space. ()