Nvidia
Bitcoin Moves in Tandem With Nvidia
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."
Bitcoin's Correlation to Nvidia Strongest in Over a Year
The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.
Near Protocol's Token Almost Doubles in a Week, Ahead of Nvidia's AI Conference
Near Protocol will be only few crypto-related firm that will be presenting at Nvidia's conference next week.
Worldcoin Gains 40%, Hits Record High as AI Tokens Surge on Nvidia
The sector was up as Nvidia's earnings results spurred broader optimism surrounding artificial intelligence.
AI-Linked Crypto Tokens Surge After Nvidia Sees 'Tipping Point'
AI tokens outperform the CoinDesk 20 index, as crypto traders bet on solid Nvidia earnings and outlook.
Nvidia's Hotly Anticipated Earnings May 'Trigger' Bitcoin and Crypto Correction, Analyst Says
'The most important stock on Earth' could disappoint on a weak PC market and AI saturation, with Wall Street wanting more from the GPU giant, pulling down crypto and equities, QCP Capital said.
Decentraland Foundation Exec on Future of AI in the Metaverse
Nvidia, decentralized artificial intelligence (AI) network SingularityNET and others are participating in Decentraland's AI World Fair this week. Decentraland Foundation executive director Yemel Jardi shares insights into the event, exploring the opportunities of AI innovation in the metaverse and the outlook for mainstream adoption.
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.
The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes
The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week.
Crypto Bull Market Base Is 'Being Built' as Bitcoin Price Briefly Tops $26.7K: CoinRoutes CEO
Bitcoin (BTC) is paring some earlier gains after topping $26,789 in the last 24-hours. CoinRoutes CEO and co-founder Dave Weisberger discusses his crypto markets analysis and the next catalysts to watch that could move price action. "The bull market's base is being built at these levels rather strongly," Weisberger said. Plus, his AI-related tokens outlook after Nvidia posted its latest quarterly earnings results.
