In accordance with Blockbeats, on November 19, global markets experienced heightened volatility as NVIDIA prepared to release its Q3 earnings, a key event influencing both stock and crypto markets. Bitcoin dropped to $88,600 before rebounding to around $92,000 following NVIDIA's strong performance, which reported $57.01 billion in revenue, exceeding expectations. Meanwhile, the U.S. Federal Reserve's internal division over December rate cuts, as revealed in the October FOMC minutes, has cast uncertainty over future monetary policy. The probability of a 25-basis-point rate cut in December has dropped to 28%, according to CME FedWatch data. Additionally, the delayed release of the November nonfarm payrolls has left markets without a key economic anchor.
NVIDIA Q3 Earnings and Fed Uncertainty Send Ripples Through Crypto and Stock Markets
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