News

Can Bitcoin Price Mirror Nvidia Rally?

Expert suggests that Bitcoin price is expected to mirror the massive surge registered by NVIDIA in the last 24 hours.
Published by
Can Bitcoin Price Mirror Nvidia Rally?

Bitcoin News: Debt ceiling talks between the White House and Congressional Republicans representatives move ahead investors stand confused as the deadline approaches. The global digital market printed some green indexes on Thursday after a sell off on the prior day. However, NVIDIA Corp (NASDAQ: NVDA) registered a major surge of 27% leaving Wall Street with hopes.

Also Read: NVIDIA Near To Break Into $1 Trillion Club; Will Other AI Stock Rally?

Advertisement

Bitcoin Price Ready To Move Upward?

Bitcoin (BTC), the world’s largest cryptocurrency is trading under selling pressure as its price dropped below the crucial $27K on Wednesday. However, BTC price registered a marginal surge in the last 24 hours. Bitcoin is trading at an average price of $26,272, at the press time.

According to an expert, Bitcoin price is expected to mirror the massive surge registered by NVIDIA in the last 24 hours. He mentioned that the Bitcoin price is forming an Inverse Head and Shoulders pattern on the chart similar to NVIDIA.

He highlighted that BTC is in the middle of creating an iHS Structure which matches the NVIDIA price chart before it registered a whooping rally. Nvidia share price jumped by 27% on Thursday leading the chip maker firm’s market valuation to approach the $1 trillion club. Read More Bitcoin News Here…

Reports suggest that Nvidia added almost $200 billion to its valuation after the release of its quarterly report. Chip maker’s market cap stands at around $951 billion. While its share is trading at an average of price of $383.76, at the press time.

Meanwhile, Bitcoin price haven’t registered much gains over the last 30 days. BTC price dropped by almost 5% during the period. Bitcoin market cap which stood at around $580 billion on April 26, 2023, has declined to stand at around $508 billion. However, its 24 hour trading volume is also down by 8% to stand at $14.09 billion.

Advertisement
Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Pi Network Dedicates 350,000 Active Nodes for AI With OpenMind Partnership

In the latest development, the Pi Network Ventures announced its investment in artificial intelligence (AI)…

October 30, 2025
  • News

Breaking: Trump Cuts Tariffs as US-China Reaches 1-Year Trade Deal, Bitcoin Rebounds

US President Donald Trump reduced tariffs on China after a meeting with President Xi Jinping,…

October 30, 2025
  • News

Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon

US lawmakers have started accusing crypto exchange Binance of supporting Trump family projects like World…

October 30, 2025
  • Bitcoin News

SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?

Elon Musk’s space exploration company, SpaceX, moved another 281 Bitcoin on Thursday, according to blockchain…

October 30, 2025
  • News

Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’

The crypto market turned sharply lower on Tuesday after Federal Reserve Chair Jerome Powell said…

October 30, 2025
  • News

FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year

The U.S. Federal Reserve has announced it has lowered the interest rate by another 25…

October 29, 2025