Name: Bitcoin Moves in Tandem With Nvidia
Uploaded: 2024-03-15T15:58:39.000Z
Duration: 1 min 4 s
Description: Data from charting platform TradingView shows that the 90-day and 52-week correlation coefficient between bitcoin and Nasdaq-listed chip maker Nvidia has risen above 0.80. The positive correlation is noteworthy as several analysts believe the surge in NVDA represents an AI bubble that could soon burst. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

CD20$2,034.122.16%BTC$75,867.262.12%ETH$2,071.332.56%XRP$1.331.94%SOL$83.632.58%

Bitcoin Moves in Tandem With Nvidia | CoinDesk Videos

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CD20$2,034.122.16%BTC$75,867.262.12%ETH$2,071.332.56%XRP$1.331.94%SOL$83.632.58%

Bitcoin Moves in Tandem With Nvidia | CoinDesk Videos