Nvidia Earnings Trigger 'Sell the News' Event In Crypto Market

by Aric Feil

Nvidia quarterly earnings file, which showcased a nice income amplify to $30 billion, has resulted in surprising reactions in the cryptocurrency markets. Despite the tech giant’s financial success, reflecting a 122% twelve months-over-twelve months amplify, the crypto sector experienced a downturn. Bitcoin retracted to $59,000 and Ethereum to round $2,500, whereas AI-linked crypto dropped, signalling a “promote the news” response among traders.

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