Nvidia Hits $4 Trillion—Does Bitcoin Still Follow Tech’s Lead?
2025-07-10 12:18:32
Main Idea
Nvidia's rise to a $4 trillion market cap highlights the shifting dynamics between Big Tech and Bitcoin, with their correlation showing signs of decoupling as market drivers diverge.
Key Points
1. Nvidia's shares hit an all-time high of $164.32, making it the world's first $4 trillion company, driven by demand for AI chips.
2. Bitcoin and Nvidia showed a moderate positive correlation in 2023-2024 (0.45-0.6), but this has since dropped to around 0.36, indicating decoupling.
3. Bitcoin's new all-time high of over $111,900 coincided with Nvidia's $4 trillion milestone, but analysts note diverging market drivers.
4. Nvidia's surge is fueled by AI demand, while Bitcoin's movement is increasingly influenced by macroeconomic uncertainty and crypto-specific events.
5. The decoupling suggests Bitcoin is forging an independent path from Big Tech, with less reliance on tech momentum for its price movements.
Description
Nvidia's record-breaking ascent to a $4 trillion market cap has once again fueled debate around the shifting dynamics between Big Tech and Bitcoin. As the stock of the AI chipmaker rose to record highs, traders and analysts are parsing whether Bitcoin is once more riding tech tailwinds—or crypto is finally going solo. Nvidia's shares hit an all-time high of $164.32, temporarily becoming the world's first $4 trillion company. The rally has been fueled by insatiable demand for AI chips, with inves...
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