Crypto and Stocks Rise Ahead of Nvidia Earnings, Polymarket Opens Private Markets

Major cryptocurrencies and equities turned green overnight as traders positioned ahead of Nvidia's earnings report, while Polymarket expanded its offering by opening private company prediction markets to retail investors.

Bitcoin and Ethereum led the crypto rally, with altcoins following suit. The broader stock market also saw gains, with futures pointing higher as Nvidia's results are expected to set the tone for the tech sector. Polymarket's new private company markets allow users to bet on valuations and milestones of startups, a move that could attract more retail participation in prediction markets.

The positive sentiment in crypto and stocks reflects a risk-on mood ahead of Nvidia's earnings, which are seen as a bellwether for AI demand. Polymarket's expansion into private company predictions adds a new dimension to crypto-adjacent betting platforms, potentially increasing on-chain activity. Live crypto prices and charts on NowPrice show how the market is reacting to these developments.

Traders will watch Nvidia's earnings and forward guidance for clues on AI spending trends. Polymarket's private markets will be monitored for adoption and liquidity. Key levels for Bitcoin and Ethereum remain in focus as the market digests these catalysts. Additionally, the broader macro backdrop remains supportive for risk assets, with the US Dollar Index (DXY) pulling back from recent highs and the 10-year Treasury yield stabilizing around 4.2%, reducing headwinds for crypto. On-chain data shows Bitcoin exchange reserves continuing to decline, suggesting accumulation by long-term holders, while miner break-even costs near $43,000 provide a floor. Bitcoin dominance has eased slightly to 52%, allowing altcoins to catch up, but the halving cycle narrative and spot ETF inflows remain key drivers. Whale concentration remains high, with addresses holding over 1,000 BTC controlling 40% of supply, adding to market sensitivity. As Nvidia's results hit, traders will also monitor BTC's reaction to the $70,000 resistance and Ethereum's ability to hold above $3,500, with Polymarket's new markets offering a fresh gauge of private market sentiment.