NVIDIA is expected to experience more significant price fluctuations than Bitcoin and Ether. The expected volatility of NVDA 30-day options, a measure of expected four-week price movement, recently jumped from 48% to 71% annualized, according to Fintel. Deribit’s Bitcoin DVOL index, a measure of 30-day expected volatility, fell from 68% to 49%, according to charting platform TradingView. The ETH DVOL index fell from 70% to 55%. AI indicator NVDA has emerged as a barometer of sentiment in both the stock and crypto markets. Both Bitcoin and NVDA bottomed out in late 2022 and have shown a strong positive correlation since then. The 90-day price correlation between Bitcoin and NVDA is currently at 0.73.
