Bitcoin is about to revisit above $60,000 per coin, a recent comparison between BTC and Nvidia suggests.
The two charts layered over one another show an ongoing correlation between the cryptocurrency and gaming GPU company. But will the notable correlation continue?
Nvidia Shares Shock With Bear Market Rally To ATHs
Nvidia (NVDA) has surprised stock market bears by revisiting all-time highs set back in 2021. The rally in NVDA share prices can be largely attributed to its leadership role in powering AI models like ChatGPT.
The rise in artificial intelligence recently saved tech stocks from the sting of a recession. Nvidia is a component in the Nasdaq 100 Index, which recently set a higher high.
But what then does this have to do with Bitcoin with all this talk about tech stocks and AI? To start, it says a lot about risk appetite returning. Tech stocks tend to outperform as a sector during a market…
