Bitcoin (BTC) is gunning for $81K, and the rally isn't just limited to BTC—altcoins are in the green too. The surge kicked off after Nvidia dropped its quarterly earnings, which sent US stock markets higher.

What's Moving the Market: Nvidia's Q2 Earnings

Nvidia blew past Wall Street's Q2 expectations by about $4 billion. That blockbuster report sparked a renewed appetite for risk, lighting a fire under both equities and the crypto market.

Crypto and US Stocks Rally in Sync

Major US indexes bounced back into rally mode, and crypto quickly followed suit. Riding this momentum, BTC is now pushing toward the $81K mark.

Market Context

Strong corporate earnings are driving risk-on sentiment, and that's spilling over into digital assets. Right now, traders are laser-focused on the link between earnings season and risk assets—big numbers are fueling demand and giving the market a short-term boost.