Bitcoin, Dogecoin, Ethereum Retrace On Profit-Taking By Retail Investors: Analyst Predicts Parabolic Rise For King Crypto Following Consolidation Phase
Portfolio Pulse from Aniket Verma
Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a dip as retail investors took profits from last week's rally. Despite the correction, analysts remain bullish on Bitcoin, predicting a parabolic rise following a consolidation phase. Stock futures also inched higher, with upcoming earnings from AI-based companies like NVIDIA Corp. expected to be positive.

May 20, 2024 | 1:44 am
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NVIDIA Corp. is set to report first-quarter earnings this week, with analysts predicting positive results for the technology sector.
NVIDIA is a leading AI-based company, and its upcoming earnings report is expected to be positive, which could boost its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80