Bitcoin records 88% higher daily trading volume than Nvidia
Main Idea
Bitcoin and Nvidia both achieved significant milestones on July 9, highlighting the increasing convergence between cryptocurrency and traditional equity markets, with Bitcoin's trading volume surpassing Nvidia's despite Nvidia reaching a $4 trillion market cap.
Key Points
1. Bitcoin's 30-day average daily trading volume was approximately $61.66 billion, while Nvidia's was around $32.67 billion.
2. Nvidia's stock price hit $162.88 on July 9, pushing its market capitalization to $3.972 trillion, making it the first publicly traded company to surpass a $4 trillion valuation.
3. Despite Nvidia's market cap milestone, its trading volume remained significantly lower than Bitcoin's.
4. CoinMarketCap's data on Bitcoin's trading volume is derived from liquidity pairs, providing a conservative and reliable view of spot market activity.
Description
Bitcoin ( BTC ) and Nvidia (NASDAQ: NVDA ) both reached historic milestones on July 9, underscoring the growing overlap between crypto and traditional equity markets in terms of investor interest, liquidity, and daily trading activity. According to Finbold research, Bitcoin’s 30-day average daily trading volume stood at approximately $61.66 billion, based on CoinMarketCap’s reported $1.85 trillion in cumulative volume. In comparison, Nvidia’s 30-day average daily volume was around $32.67 billion...
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