Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut

💡 DMK Insight

Bitcoin’s drop to $81,869 isn’t just a number—it’s a signal of broader market sentiment. With the US stock market in retreat and the Fed’s interest rate cut expectations fading, traders need to be cautious. The correlation between BTC and equities suggests that as stocks falter, crypto could follow suit. If BTC breaks below the $80,000 mark, it could trigger further selling pressure, especially among retail traders who might panic. On the flip side, if it holds above this level, it could attract buyers looking for a bargain. Keep an eye on the $80,000 support level; a breach could lead to a deeper correction, while a bounce might indicate resilience in the crypto market. Watch for upcoming economic data releases that could sway Fed sentiment, as these will likely impact both stock and crypto markets. The next FOMC meeting is critical—any hints of rate cuts could shift the narrative quickly, so stay alert.