The fear and greed index for cryptocurrencies dropped to 14 and is at the extreme fear level. BTC, on the other hand, is stalling at the daily bottom. The situation is bad for altcoins. While ETH fell to the 3 thousand dollar limit, BitMine fell below its cost. But Thursday is full of hope for cryptocurrencies. So what will happen on Thursday?
NVIDIA Earnings Report
The decline is largely due to the fact that US stock markets are considered overvalued. There are many problems specific to crypto, but this overvaluation story combined with the October 10 crash makes Bitcoin 
$95,650.36 forced to deeper depths. 92 thousand dollar region BTC While it is quite critical for the price, it is annoying that it is getting closer and closer to here.
But the good news NVIDIA The earnings report is due to be released on Thursday. We will see the NVIDIA earnings report on Wednesday in the US time zone and Thursday at 00:20 in Türkiye time. It is hoped that this report will exceed expectations and weaken the debate over overvaluation of AI and technology companies.
Evercore International Strategy & Investment is a world-renowned brokerage firm and its market research and forecasts are closely monitored. Their newly published report recommends buying for NVIDIA. Experts confirmed their “Outperform” rating and $261 target price for Nvidia, stating that they expect a report that exceeds expectations and rises thanks to strong demand and better GB200/GB300 supply.
Company, Nvidia’s He notes that while it still looks undervalued at 30x forward earnings and a 0.55 PEG, AI demand is directly driving capacity. Rising cloud CapEx and larger than Street forecasts Blackwell/Rubin pipeline also support further upside.
Beware of Cryptocurrencies
If everything goes well and Evercore ISI is right, the rise in cryptocurrencies should begin. We will also see Non-Farm Employment data arrive later on Thursday. Because the government was closed in October, September figures will be published with a delay, making them less reliable.
Non-Farm Employment Estimates for are at the level of 57 thousand and the previous number was 22 thousand. The expectation for the unemployment rate is stable at 4.3%. Average earnings are steady at 3.7%. Non-farm employment will come in below expectations, as it will confirm the Fed’s October interest rate decision, albeit with a delay, and the data to be announced in this way will also be lower than expected. cryptocurrencies It will be positive for .
