Crypto assets experienced a decline alongside a tech stock plunge led by Nvidia, causing analysts to warn of a potential deeper pullback. However, Geoffrey Kendrick, global head of digital asset research at Standard Chartered Bank, advised investors to "buy the dip," suggesting that the recent selloff may have already corrected overzealous expectations. While further pain may be expected with big tech earnings reports and the Federal Reserve's meeting results, Kendrick believes that the rapid decline in U.S. Treasury yields indicates that much of the downward movement is already done. LondonCryptoClub analysts also suggested that the selloff was a knee-jerk reaction and that the market is still favorable for buying the dip. At the time of writing, Bitcoin was trading down over 4% at $99,800, while the Nasdaq 100 was lower by 3%, with Nvidia experiencing a 15% decline.



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