🟣 The trading firm QCP Capital published a report noting that the impressive financial results of Nvidia triggered a “sell the news” effect in the cryptocurrency markets. Bitcoin dropped to $59,000, while Ethereum remains around $2,500. Volatility in the market spiked and then decreased after Nvidia’s report, which led to investor caution.
🟣 Analysts expect further volatility reduction ahead of the upcoming US jobs report. In this context, QCP Capital suggests a trading strategy called “Principal Protected BTC Range Accrual”, which allows investors to profit from Bitcoin’s price fluctuations within a given range, while not risking their initial capital.
🟣 When Bitcoin’s price stays between $55,000 and $64,000, investors earn a 15% annual return, otherwise, they earn nothing. This strategy could be appealing for those expecting price stability in the coming months, offering capital protection and regular income.