Bitcoin, Ethereum Muted, Dogecoin Rallies As Market Maintains 'Greed' Sentiment: Analyst Predicts New Peak For King Crypto As US Elections And Potential Fed Rate Cut Looms
Portfolio Pulse from Aniket Verma
Bitcoin and Ethereum remained stable while Dogecoin surged, driven by Elon Musk's comments. Nvidia's stock rose due to strong TSM revenue. Analysts predict Bitcoin may reach a new peak amid US elections and potential Fed rate cuts.
October 18, 2024 | 3:18 am
News sentiment analysis
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POSITIVE IMPACT
Nvidia's stock rose by 0.89%, likely due to Taiwan Semiconductor Manufacturing Co.'s stronger-than-expected third-quarter revenue.
Nvidia's stock increase is attributed to TSM's strong earnings, which positively impacts Nvidia as a key partner. This suggests a short-term positive impact on Nvidia's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co. reported stronger-than-expected third-quarter revenue, positively impacting tech stocks like Nvidia.
TSM's strong earnings report is a positive indicator for the tech sector, likely leading to a short-term increase in TSM's stock price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60