Nvidia
Bitcoin ETFs Bleed $287M, Largest Daily Outflow in Four Months
BTC traded lower as weak U.S. manufacturing data revived growth concerns.
AI Tokens Lead Crypto Market Ahead of Nvidia Earnings, Bitcoin Under $64K
Analysts polled by FactSet are expecting Nvidia to hit earnings of 65 cents per share, up 141% year-over-year.
Bitcoin Faces Risk From 'Maxed Out' U.S. Consumers, Analyst Says
U.S. consumers are accumulating debt at a slower rate, data released Wednesday showed.
Nvidia Becoming More Volatile Than Bitcoin and Ether
Nvidia is expected to see more significant price swings than bitcoin and ether. The stock's 30-day options implied volatility, a gauge of anticipated price swings over four weeks, has recently surged from an annualized 48% to 71%, according to data source Fintel. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Nvidia Becoming More Volatile Than Bitcoin and Ether
Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.
AI Tokens Surge as Nvidia Becomes World’s Most Valuable Company
Tokens relating to artificial intelligence are on the rise again, as the recent surge in chipmaker Nvidia’s stocks made it the most valuable company in the world surpassing Microsoft. CoinGecko data shows that Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN led growth in the AI token sector with gains around 15%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
AI-Focused Tokens Edge Higher Ahead of Nvidia Earnings Results
NEAR, FET, RNDR, TAO and AGIX gained even as the broader market benchmark CoinDesk 20 Index saw a slight decline during the day.
What Investors Should Know About the AI Tokens Riding Nvidia's Hype
AI-related tokens have led the crypto market recovery in recent days, while shares of Nasdaq-listed chipmaker Nvidia (NVDA) also rallied. CoinDesk's Jennifer Sanasie breaks down the surge in RNDR, AGIX and FET tokens. Plus, what investors should know before doubling down on the AI tokens riding the Nvidia hype.
AI Tokens Lead Crypto-Market Recovery as Nvidia Hits One-Month High
"We are in an AI super cycle right now," one market observer said.
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."
