Bitcoin sees fresh US sell-off as markets await Nvidia 'biggest earnings event'
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- Bitcoin peaked near $78,000 before the US open but fell to $77,678 on Bitstamp as US traders sold off.
- Bitcoin’s Coinbase Premium Index dropped to -$66.8, the lowest gap versus Binance since February, reflecting soft US demand.
- Bitcoin stayed below its 21‑week exponential moving average, a technical level that often serves as resistance.
- Bitcoin’s price stagnation coincided with the S&P 500 falling 1.3% and investors awaiting Nvidia’s Q1 earnings, described as the quarter’s biggest earnings event.
Why it matters: US investors face softer Bitcoin demand as the Coinbase premium widens to -$66.8, while Nvidia’s earnings become the market’s main focus, influencing broader sentiment across markets.
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