Crypto Market Stabilizes After Nursing Losses

Nvidia
is
expected
to

see
more
significant
price
swings
than
bitcoin
and
ether.
NVDA’s
30-day
options
implied
volatility,
a
gauge
of
anticipated
price
swings
over
four
weeks,
recently
surged
from
an
annualized
48%
to
71%,
according
to
Fintel.
Deribit’s
bitcoin
DVOL
index,
a
measure
of
30-day
implied
volatility,
declined
from
68%
to
49%,
according
to
charting
platform
TradingView.
The
ETH
DVOL
index
fell
from
70%
to
55%.
NVDA,
a
bellwether
for
AI,
has
emerged
as
a
barometer
of
sentiment
for
both
equity
and
crypto
markets.
Both
bitcoin
and
NVDA
bottomed
out
in
late
2022
and
have
since
exhibited
a
strong
positive
correlation.
The
correlation
between
90-day
prices
on
bitcoin
and
NVDA
is
currently
0.73.