Bitcoin sees fresh US sell-off as markets await Nvidia 'biggest earnings event'

💡 DMK Insight

Bitcoin’s current struggle against US selling pressure is a crucial moment for traders. With Nvidia’s Q1 earnings report looming, market sentiment is jittery, and this could lead to increased volatility in crypto markets. If Nvidia reports strong earnings, it might boost tech stocks and indirectly support Bitcoin as institutional investors look for risk-on assets. Conversely, a disappointing report could exacerbate selling pressure in both equities and crypto. Traders should keep an eye on Bitcoin’s support levels; a break below recent lows could trigger further sell-offs. On the flip side, if Bitcoin manages to hold above key support, it could attract buyers looking for a bargain, especially if the broader market stabilizes. Watch for Bitcoin’s reaction around these earnings reports—this could set the tone for the next few weeks. Keep an eye on the $30,000 level; a decisive move above or below could dictate the next trend.