$BTC
The analyst expects that the decline in the VIX index could push the price of Bitcoin to $135,000
Futures contracts for the VIX index (VIX) dropped by about 3% today; the pace of declines slowed from yesterday's session, which exceeded 3% for the futures of the S&P 500 and Nasdaq 100 indices, with the US500 and US100 indices rising between 0.8% and 1% before the US market opens.
After today's US trading session, Tesla will announce its earnings, and Alphabet (GOOGL.US) will also release its results on Thursday. This is likely to keep volatility in the tech sector - and thus in the S&P 500 index - elevated for a while. Verizon's earnings report today caused the company's stock to drop by about 5%, but shares of GE Aerospace and Lockheed Martin are rising between 1% and 2% following their reports.
Alongside Tesla's earnings, Alphabet's results on Thursday will attract special attention, as they will shed light on the real situation and outlook for the tech sector. This is likely to lead to increased volatility in the stocks of major tech companies, especially those related to cloud computing (Amazon and Microsoft) and the advertising sector (Meta Platforms). The decline in the volatility index (VIX) accelerated after the index approached the "fear" threshold at around 30.
