According to Bloomberg Markets, LVMH shares experienced a 2% gain following the company's Q2 2024 earnings report, which highlighted strong sales growth in the Asia-Pacific region and increased demand for luxury goods. This positive momentum in the luxury sector signals increasing consumer confidence, which can spill over into riskier assets like cryptocurrencies by boosting overall market sentiment. Crypto traders should monitor consumer sector earnings such as LVMH, as shifts in discretionary spending often align with bullish trends in the digital asset space (source: Bloomberg Markets, 2024-07-04).