Alphabet

Bitcoin

Billion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/stock-markets-and-bitcoin-react-to-earnings-reports/" data-wpel-link="internal">Stock Markets and Bitcoin React to Earnings Reports</a><br></p>
<p style="text-align: justify">This week saw positive earnings reports expected to boost stock markets. Tomorrow’s market opening will reveal the impact of three major tech companies’ earnings exceeding expectations. However, <a href="https://en.coin-turk.com/bitcoin-kicks-off-the-week-on-a-high-analyst-michael-van-de-poppe-highlights-key-price-levels/" data-wpel-link="internal">Bitcoin</a> continues to hover around the $64,500 mark.</p> 
<h2 style="text-align: justify" id="earnings-reports-and-bitcoin-btc">Earnings Reports and Bitcoin (BTC)</h2> 
<p style="text-align: justify">The earnings reports of three major tech companies arrived and the actual figures surpassed forecasts. However, today’s U.S. GDP data came in 50% below expectations, shaking stock markets with concerns about economic contraction. A similar outcome is seen in the Bitcoin chart, with the crypto king dropping to $62,794.</p> 
<p style="text-align: justify">With the arrival of earnings reports, <a href="https://en.coin-turk.com/analyst-bit-paine-sheds-light-on-the-future-of-bitcoin-transactions/" data-wpel-link="internal">BTC</a> returned to the $65,000 limit, setting its daily peak but has yet to close at higher levels. If ETF data does not disrupt cryptocurrencies at the daily close, a rise in crypto could be seen at tomorrow’s stock market opening due to positive correlation. If sentiment shifts positively, this could also be seen in meme coins and other altcoins.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344700 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-25_23-20-29.png" alt="" width="1814" height="836"></p> 
<ul> 
 <li style="text-align: justify">Intel (Reported: $12.72 Billion Revenue, Expected: $12.71 Billion)</li> 
 <li style="text-align: justify">Alphabet (Reported: $80.54 Billion Revenue, Expected: $79.04 Billion)</li> 
 <li style="text-align: justify">Microsoft (Reported: $61.98 Billion Revenue, Expected: $60.87 Billion)</li> 
</ul> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/stock-markets-and-bitcoin-react-to-earnings-reports/" data-wpel-link="internal">Stock Markets and Bitcoin React to Earnings Reports</a></h5>

Stock Markets and Bitcoin React to Earnings Reports

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