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Crypto Ai Tokens Down Despite Nvidia Positive Earnings Report

With the Nvidia earnings report smashing expectations as per usual, it might have been expected that crypto AI tokens
CryptoDaily 5:32 pm on May 23, 2024

On Thursday, Nvidia reported positive earnings exceeding expectations, yet crypto AI token prices fell instead of rising. The drop was attributed to the Federal Open Market Committee's (FOMC) inflation concerns and market reactions post their release. Despite initial gains by cryptos like $RNDR and $FET pre-announcement, they plummeted afterward. However, there is potential for recovery on Thursday with NVDA showing positive signs, which could affect crypto AI markets positively.

Nvidia's earnings report exceeded expectations:
Cryptocurrency tokens experienced a decrease in prices following the FOMC minutes release.
The market showed initial gains for AI coins before retracting post-announcement.
Positive recovery signs may be observed on Thursday, impacting crypto AI token values.
FOMC's inflation concerns influenced the cryptocurrency market sentiment negatively.

https://cryptodaily.co.uk/2024/05/crypto-ai-tokens-down-despite-nvidia-positive-earnings-report

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Crypto Ai Tokens Down Despite Nvidia Positive Earnings Report

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