Crypto Market Faces New Macro Jitters Ahead of Nvidia Earnings, FOMC Minutes, NFP Jobs Data

Core Insights - The crypto market, including Bitcoin, Ethereum, and XRP, is experiencing volatility as Japan's long-term government bond yields reach record highs, raising concerns about global liquidity tightening and potential unwinding of Yen carry trades [2][4][7] Group 1: Market Reactions - Bitcoin and the broader crypto market have seen a decline as Japan's 40-year government bond yield surged to 3.697%, the highest in history, amid economic concerns [2][3] - The rise in bond yields is causing jitters in the crypto market, with experts indicating that the global carry trade, valued at $20 trillion, is under pressure, which could impact Bitcoin and other cryptocurrencies [4][3] Group 2: Upcoming Events - The crypto market is bracing for significant events, including Nvidia's Q3 earnings report and the release of FOMC minutes, which could influence market sentiment [5][6] - Nvidia's stock has seen a decline of 7.26% over the past week, closing at $181.36, as fears surrounding the sustainability of AI-driven investments grow [6]