Bitcoin Slides Below $66K After Nvidia Earnings Pullback

The world's leading cryptocurrency faced renewed selling pressure on Friday, February 27, 2026. Bitcoin was trading at $67,766, down 1.5% over the past 24 hours. The selloff swept through the crypto market following a decline in the Nasdaq index after Nvidia's quarterly earnings report.

What happened to the market

Selling pressure intensified as traders began aggressively reducing risk positions amid a drop in technology stocks. Nvidia's earnings report, despite decent financial figures, fell short of elevated investor expectations, triggering a wave of profit-taking across the entire spectrum of risk assets.

Bitcoin remains stuck in a narrow range, with the $70,000 mark serving as the upper boundary and weekly lows forming mid-range support. Ethereum also declined 1.5% over 24 hours to $2,047, although it retains a 4.8% gain on a weekly basis.

Altcoins holding stronger

Notably, most leading altcoins posted significantly better weekly performance compared to Bitcoin. This indicates that risk appetite among market participants persists despite macroeconomic uncertainty and the wave of selloffs in equity markets.

Expert opinion

Daniel Reis-Faria, CEO of ZeroStack, characterized the current situation as a leverage flush and positioning cleanup rather than a structural market breakdown. According to him, Bitcoin continues to trade in tandem with the broader risk asset market, and fast money exits immediately once equity momentum stalls.

This thesis is supported by the fact that liquidation volumes remain moderate, and on-chain metrics show no signs of mass coin transfers to exchanges — a typical indicator of panic selling.

Global context: Asia takes the lead

While U.S. markets face pressure, Asian equity indices are posting their best February since 1998. The MSCI Asia Pacific Index has outperformed the S&P 500 for the third consecutive month, as capital actively rotates from the United States into the region where artificial intelligence and technology infrastructure projects are rapidly developing.

This trend further reinforces the argument that the current crypto market weakness is driven not by fundamental issues with digital assets, but by a broader reallocation of capital across asset classes and geographic markets.

What's next for Bitcoin

The short-term outlook remains uncertain. The key resistance level stands at $70,000, and a breakthrough above this mark could pave the way for further gains. Meanwhile, macroeconomic factors — particularly U.S. producer price inflation data that came in hotter than expected, along with shifting expectations for Fed rate cuts — will continue to weigh on investor sentiment.

The current correction appears to be a healthy rebalancing rather than the start of a prolonged downturn. The positive weekly dynamics and confident altcoin performance provide grounds for cautious optimism regarding the market's medium-term prospects.