Crypto Flat as Traders Await Big Tech Earnings Wave

Key Moments

• Bitcoin trades at $80,926 on Wednesday, holding above its 50-day, 100-day and 200-day EMAs and approaching the $81,000 area.
• Ethereum changes hands at $2,357, fluctuating between its 100-day and 200-day EMAs and maintaining a neutral to slightly bearish short-term tone.
• XRP trades at $1.336 after rebounding from support near $1.300 earlier in the week, but remains capped below its 50-day and 200-day EMAs.

Macro Backdrop: Crypto Tracks Sentiment Ahead of Tech Earnings

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their recovery on Wednesday as market focus shifts to upcoming earnings from major technology companies. Microsoft and Alphabet are scheduled to release Q3 results on Wednesday, with Amazon following on Thursday. Outcomes that support ongoing heavy investment in Artificial Intelligence (AI) could help ease concerns over hyperscaler valuations, while weaker-than-expected numbers risk prolonging the current AI-driven equity market sell-off.

Within this environment, BTC pushes above $80,900, ETH trades in a tight band between key moving averages, and XRP advances after bouncing off support near $1.300 earlier in the week.

Bitcoin Outlook: Supportive Trend but Fading Momentum