Nvidia's better-than-expected earnings report caused prices to fall in crypto markets with a “sell the news” effect. Bitcoin fell to $59,000, while Ethereum is stagnating at around $2,500. While volatility increased with this development, the fall in spot prices increased the risk perception in the market. Risk reversals, especially until October, show that investors remain cautious about downside risks.
While market analysts draw attention to the non-farm payrolls data to be announced in the US, volatility is expected to continue its downward trend. Analysts note that the US GDP report to be released tonight may not have a major impact on the crypto market if the slowdown trends of the US economy consolidate.
