CNBC Daily Open: Expectations can be an irrational thing. Just look at Nvidia

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Markets digest Nvidia earnings 
U.S. markets rose on Thursday after digesting Nvidia's earnings release. Its shares rose just 0.5%. Alphabet slumped 4.7% on the U.S. Department of Justice calling for Google to divest Chrome.  The pan-European Stoxx 600 added 0.41%, ending a four-day losing streak. British sports retailer JD Sports plunged 15.5% after warning about its annual profit. 

Bitcoin inches towards $100,000 
Bitcoin broke the $99,000 barrier on Thursday before retreating to around $98,600. The cryptocurrency has been on fire since Donald Trump won the election because of his perceived crypto-friendly stance. Galaxy Digital CEO Michael Novogratz thinks it's "inevitable" bitcoin will cross the $100,000 milestone, but "there will be a correction." 

Fed might incur Trump's ire 
There are signs that the U.S. disinflation process is slowing. Couple that with Trump's planned policies, which are seen as inflationary, and the U.S. Federal Reserve might decide to keep interest rates unchanged. That, in turn, could anger Trump, who berated Fed officials during his first term in office for not relaxing monetary policy quickly enough.  

No Bluesky for billionaires 
Bluesky has risen in popularity in tandem with Elon Musk's ascending prominence in U.S. politics. That might put the social media platform, which functions like Musk's X and Meta's Threads, in the crosshairs of acquirers. But Bluesky is "billionaire proof," CEO Jay Graber told CNBC. "If someone bought or if the Bluesky company went down,