Nvidia’s Rally to $4 Trillion Might Have Helped BTC, But Correlation Is Waning

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Nvidia’s ascent to a historic $4 trillion market cap, the first-ever company to achieve this milestone, might be exactly the catalyst bitcoin

needed to break out of its tightly coiled trading range and surge toward new all-time highs, addressing analysts’ concerns that the crypto market lacked a clear driver.

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BTC is currently trading at $110,900, according to CoinDesk market data, after rallying during the U.S. trading hours to over $111,000 and briefly touching all-time…

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