NVIDIA Earnings Expected to Boost Crypto Market, Potentially Relieving Woes

The cryptocurrency market continues to face turbulence, with the fear and greed index plummeting to a low of 14. Bitcoin struggles, reaching its lowest daily point, while altcoins mirror this gloomy trend. Ethereum has fallen below $3,000 even dipping below BitMine’s profitability costs. However, optimism is brewing as analysts expect a potential turning point on Thursday with NVIDIA’s earnings announcement. 4.3% unemployment rate and 3.7% average earnings offer additional financial signals alongside Virginia’s report. The market may find relief if the company delivers strong results exceeding expectations.