What to know:

• Nvidia is projected to report earnings after the U.S. market closes on Wednesday, with expectations set at an adjusted earnings per share of $1.01 and revenues of $46.2 billion.

Key Insights:

• Historical data indicates that Nvidia’s earnings have correlated positively with Bitcoin’s performance; in most cases, Bitcoin prices have increased following these earnings reports.
• Presently, the options market is anticipating a 6.1% movement in Nvidia’s stock, equating to a potential market cap fluctuation of around $270 billion, the smallest forecasted movement since May 2023.

Bitcoin and various cryptocurrency values have recently shown minimal volatility; however, they are slightly fluctuating ahead of Nvidia’s earnings report.