Bitcoin climbs above $77,400 and HYPE surges 5% as WTI crude falls 2.1%, fueling risk-on sentiment before Nvidia’s report.
Cryptocurrencies and stock futures turned higher overnight as oil prices retreated, easing inflation concerns. Bitcoin rose above $77,400, Ethereum traded at $2,128, and Solana reached $84, all posting gains in the past 24 hours. WTI crude fell 2.1% to $101.72, while Brent dropped 2.2% to $104.30, marking the first significant decline in a week.
HYPE led crypto gains, rising 5% to $49.80 and extending its weekly advance to 27%. Zcash surged to $585 after the SEC closed its investigation. Stock futures also moved higher, with traders focusing on Nvidia’s earnings report later today, which historically triggers 6-10% swings in Bitcoin.
The rebound follows a sharp sell-off driven by rising interest rates, but the pullback in oil provided relief. A strong Nvidia report could further validate risk appetite, while weaker guidance may reverse the overnight gains.