Bitcoin firmed near $67,000 after Nvidia’s earnings beat, growth in USDC, and inflows into spot ETFs provided a supportive backdrop. Nvidia reported fourth-quarter revenue of $68.13 billion and adjusted earnings per share of $1.62, beating expectations and helping tech stocks rebound and lift bitcoin. Ethereum also dipped toward $1,800 earlier in the week but recovered, now trading around $2,000 on CoinMarketCap. In the near term, the $68,000 area is a key focal point.
XRP rallied toward $1.50 after briefly dipping into the low-$1.30s as on-chain and spot-flow signals improved. On-chain XRP spot volumes surged on Bitrue, with retail buying up about 212% and selling pressure dramatically easing. The XRP spot ETF has drawn roughly $11 billion in assets since November, with persistent net inflows, while whale outflows have shrunk from about 33.5 million XRP to roughly 3.3 million XRP, suggesting reduced selling pressure. Smaller holders have begun reaccumulating, and a sequence of whale-smoothing phases hints at multi-month gains; near-term support sits around $1.40–$1.42, with resistance near $1.49–$1.52 and a breakout potentially opening the door to higher levels.
DOT led the alts with roughly 28% weekly gains, trading near $1.60. The upcoming supply-halving event on March 14 is set to halve annual issuance and cap total supply at about 2.1 billion DOT, a clearly defined catalyst. Speculation that major funds have applied for spot DOT ETFs adds to the momentum, though approvals remain uncertain. Bitcoin’s price action remains the biggest risk factor for DOT and the broader altcoin space; a failure to clear $70,000 could trigger a broader pullback, but the supply-shrink narrative underpins DOT even as volatility remains elevated ahead of the event.
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