Increasing uncertainties in global markets this week attracted attention. Fluctuations were especially prominent in the US stock futures and cryptocurrency markets. While investors were cautious due to ongoing inflation concerns, oil prices exceeding the 100 dollar level again and the expected Nvidia balance sheet were decisive in the course of the markets.
Fall in US futures indices
On Tuesday, Dow Jones futures were down 0.2% and S&P 500 futures were down 0.3%. In the technology-heavy Nasdaq, the decline reached 0.6%. A mixed picture was also seen on the previous trading day; Rising oil prices and the increase in US bond interest rates brought concerns about inflation back to the agenda.
The 10-year US Treasury bond yield remained close to 4.44% on Tuesday morning. This ratio shows that investors have expectations that inflation pressures may last longer than expected. Increasing borrowing costs were also reflected in the overall economy.
Oil price is above $100 again
The barrel price of oil exceeded $100 again. Escalating political tension in the Middle East has led to concerns that there may be disruptions in the supply chain. This jump in energy prices could cause inflation to rise rapidly and lead central banks to keep interest rates high.
Nvidia balance sheet is critical
The Nvidia subsidiary, which will be announced on Wednesday, stands out as one of the developments that will leave its mark on the week. The company has recently accelerated its share values as a chip manufacturer, especially in the field of artificial intelligence. Nvidia’s balance sheet will play an important role in shaping expectations on technology stocks and the broader market.
Bitcoin stabilizes at $76,818
Leading cryptocurrency Bitcoin traded at $76,818 on Tuesday after four consecutive days of losses. According to the current data reflected on CryptoAppsy screens, this means a relatively slight depreciation of 0.1%. Bitcoin briefly exceeded $82,000 last week, then declined again due to the intense ETF accumulation in the stock markets.
Strategists of the IG company made the assessment: “Bitcoin is going through a difficult process due to the impact of open positions. While institutional interest in ETFs supports the price, geopolitical tensions and inflation concerns increase price volatility.”
On the other hand, the process of diplomatic activity between the USA and Iran remains uncertain. US President Donald Trump announced on Monday that planned military actions against Iran have been suspended for now as talks continue. However, the security risk in the Strait of Hormuz and concerns about continuity in global oil supply keep investors cautious.
It seems that the correlation between oil prices and cryptocurrency markets has strengthened recently. Rising oil can increase inflation expectations, causing central banks to keep interest rates constant or high; This reduces the appetite for risky assets such as Bitcoin.
Horizontal trend in alternative cryptocurrencies
Price movements in digital assets other than Bitcoin were observed in a narrow band on Tuesday. Ethereum rose 0.4% to $2,125, while XRP fell 0.7% to $1.38. While a 0.4% decrease was recorded in Solana, Cardano remained afloat by gaining 0.3% in value.
The other unit that attracted attention in the market was Dogecoin; It stood out with a 1.6% decline and was the weakest performance of the day.
While the defensive attitude in global bond markets is effective in Asian stock markets, it is being discussed whether the developments originating from Iran will create long-term inflation.
All eyes are now on Nvidia’s balance sheet. The financial results to be announced by the company may cause a significant change in the risk perception in the markets.
