Nvidia and Fed on Centre Stage Amid Cryptocurrency Rally

The week ahead promises to be eventful, with several key developments set to shape market sentiment. On Monday, Nvidia will kick off its GTC (Growth Technology Conference) event, which is a major platform for the company to unveil new chips, software, and product roadmaps. This announcement typically has significant implications for the broader AI industry, and investors are likely to react to any news or updates.

Meanwhile, the Federal Reserve meeting on Wednesday will be closely watched by markets. While no rate cut is expected, the committee's economic projections will provide valuable insights into the current state of the economy. The recent slowdown in growth, combined with elevated inflation and a stagnant labor market, has raised concerns about the potential for a recession.

Bitcoin (BTC) has been on a tear lately, having rallied for seven consecutive sessions. Total crypto market cap has surpassed $2.5 trillion, while the market cap excluding Bitcoin has reclaimed the $1 trillion mark. Ethereum, Shiba, Sonic, and Polkadot have emerged as leaders in this morning's trading.