Nvidia now briefly hits $4 trillion in trading, stocks and bitcoin rally – Crypto News – Crypto News
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Nvidia now briefly hits $4 trillion in trading, stocks and bitcoin rally Nvidia now briefly hits $4 trillion in trading, stocks and bitcoin rally

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Nvidia now briefly hits $4 trillion in trading, stocks and bitcoin rally – Crypto News

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Nvidia shares climbed on Wednesday, briefly pushing the company’s market value past $4 trillion for the first time during intraday trading. The stock closed 1.8% higher, ending the day with a market cap of $3.97 trillion.

The chipmaker is now the most valuable company in the world, ahead of both Microsoft and Apple — two firms that also previously crossed the $3 trillion mark. Microsoft, which relies heavily on Nvidia chips for its AI infrastructure, is one of Nvidia’s largest customers. Nvidia is the first company to reach a $4 trillion valuation during market hours, even if it didn’t hold it through the close.

The stock’s gains were part of a broader uptick in tech shares. The Nasdaq Composite ended at a record high, as investors brushed off new tariff discussions tied to former President Donald Trump’s policy proposals.

The rally also gave a lift to bitcoin, which reached a new all-time high late in the trading session. The cryptocurrency rose 1.9% to $110,947.49, according to Coin Metrics. Just before 4 p.m. ET, bitcoin touched $112,052.24 — breaking its previous record from May 22.

Bitcoin has been trading in a narrow band in recent weeks, despite continued inflows into exchange-traded funds. In the second quarter, bitcoin purchases by public companies outpaced ETF buying. Still, overall price movement has remained limited, with bitcoin rising just 2% in the past month.

On Wednesday, the move in bitcoin appeared to be linked to broader gains in tech, particularly Nvidia. The correlation between crypto and stocks — especially high-growth tech — remains strong when investor sentiment leans risk-on.

While some institutional investors now view bitcoin as a long-term store of value, its price still tends to rise and fall with equities depending on market appetite for risk. When tech stocks move higher, bitcoin often follows.

Some market watchers expect bitcoin to break further into record territory during the second half of the year. That outlook is tied to a mix of corporate buying, upcoming crypto legislation, and lighter summer trading activity.

“With crypto week on the horizon next week in DC, and a likely flood of positive momentum heading into the dog days of summer, bullish sentiment and thinner trading volumes could see prices gap up to $120,000 or higher by the end of next week,” said Ryan Gorman, chief strategy officer at Uranium Digital, a firm focused on tokenised uranium markets. “How far we rally through the summer is anyone’s guess, but open call interest outweighs puts, which normally reveals traders are bullish and expect upward price momentum to continue.”

While the crypto rally has yet to show the kind of explosive growth seen in past bull markets, traders are watching ETF flows, policy signals, and corporate treasury moves closely. Several companies have been adding bitcoin to their balance sheets at a faster pace than institutional fund managers, reinforcing expectations that more firms could follow.

At the same time, upcoming discussions in Washington around crypto regulation are expected to bring more clarity to how digital assets are classified and governed — a move investors hope will remove some of the uncertainty that’s weighed on the sector.

(Photo by Arthur A)

See also: US SEC streamlines crypto ETF approval process with new guidance framework

Tags: ai, bitcoin, blockchain, crypto, cryptocurrency, microsoft

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