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.
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…
