Bitcoin Gains Ground But Nvidia Steals the Spotlight
2025-07-09 19:51:58
Main Idea
Nvidia made history by becoming the first public company to reach a $4 trillion market cap, driven by AI industry growth, while Bitcoin saw modest gains with a market cap of $2.17 trillion.
Key Points
1. Nvidia's market cap briefly hit $4 trillion, making it the most valuable public company, driven by demand for its GPUs in AI applications like ChatGPT.
2. Bitcoin's market cap was $2.17 trillion, with a modest 0.43% price increase on the same day, trading around $109,508.94.
3. Nvidia's rapid growth included crossing $1 trillion in May 2023 and reaching $3 trillion last month, fueled by its H100 GPU launch.
4. Bitcoin's trading volume dropped slightly by 0.90% to $45.06 billion, while open futures contracts rose 1.56% to $75.52 billion.
5. BTC dominance fell 0.58% to 64.70%, with $29.86 million in liquidations over 24 hours, mostly from short positions.
Description
The chipmaker became the first public company to ever reach $4 trillion in market capitalization on Wednesday. Nvidia Outshines Bitcoin California-based chipmaker Nvidia (Nasdaq: NVDA) made history on Wednesday by becoming the first company to ever hit $4 trillion in market cap. Nvidia stock rose 1.75% and was trading at roughly $163 at the time
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