{"id":358107,"date":"2024-09-28T23:21:03","date_gmt":"2024-09-28T17:51:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/heres-bitcoin-price-if-it-captures-nvidias-peak-market-cap-of-3-2-trillion-crypto-news\/"},"modified":"2024-09-28T23:26:58","modified_gmt":"2024-09-28T17:56:58","slug":"heres-bitcoin-price-if-it-captures-nvidias-peak-market-cap-of-3-2-trillion-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/heres-bitcoin-price-if-it-captures-nvidias-peak-market-cap-of-3-2-trillion-crypto-news\/","title":{"rendered":"Here&#8217;s Bitcoin Price if It Captures Nvidia&#8217;s Peak Market Cap of $3.2 Trillion &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">On a low-volatility Saturday, Bitcoin experienced a slight dip of 0.13%, attempting to hold steady above the $65,000 mark. This minor pullback appears to be a brief cooling-off period, allowing the price to consolidate above key support after a three-week rally fueled by favorable macroeconomic events and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/spot-bitcoin-etf-inflows-cross-1-billion-this-week-blackrock-buys-ibit\/\">renewed inflows into Bitcoin ETFs<\/a>. Is the bullish momentum strong enough to finally break the 7-month sideways trend and Mirror Nvidia\u2019s 2024 rally?<\/span><\/p>\n<h2><strong>Bitcoin Price Projection if It Matches Nvidia\u2019s $3.2 Trillion Market Cap<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price has consolidated for the past seven months, creating a sideways trend in the crypto market. The lateral movement has plunged the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">BTC price<\/a> 11%, down from the All time high of $73,750 to trade at $65,664. According to Coingecko, Bitcoin has a market cap of $1.297 Trillion, while the circulating supply currently stands at 19,760,059 BTC.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">If Bitcoin consolidation leads to an upside breakout similar to Nvidia\u2019s 2024 rally, what would BTC\u2019s value be if it reached a market cap equivalent to $3.2 trillion?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To understand how Bitcoin price could react if it matched Nvidia\u2019s peak, examining the correlation between market cap and price is essential. Assuming the BTC circulating supply remains unchanged at 19,760,059, a market cap surge to $3.2 trillion would propel Bitcoin price to approximately $161,917.<\/span><\/p>\n<h2><strong>Could BTC Flag Pattern Mirror Nvidia\u2019s 256% Surge?<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">Amid the surging <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ai-coins-and-nvda-price-surge-as-nvidia-ceo-hints-at-new-industrial-revolution\/\">demand for AI-related technologies<\/a>, the Nvidia stock breached a six-month consolidation in early 2024. The post-breakout rally propelled the asset 256% up to a new high of $140.76 while boosting a market cap of $3.2 Trillion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the weekly charts are compared, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/bitcoin-btc-price-prediction\/\">Bitcoin price prediction<\/a> shows a similar consolidation of Nvidia stock formed before the exponential growth. In technical analysis, this temporary sideways trend shows a flag pattern. This chart setup allows the buyers to recuperate the bullish momentum before the next leap.<\/span><\/p>\n<figure style=\"width: 1949px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/r\/rm6bwCgU.png\" alt=\"Nvidia and Bitcoin price\" width=\"1949\" height=\"1105\"\/><\/noscript><figcaption class=\"wp-caption-text\">NVDA\/USD, BTC\/USD<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Thus, if the BTC price gives an upside breakout, a similar 200% growth would push the asset value to $160,000.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><b>Conclusion:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With the institution\u2019s investment in BTC ETFs and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-fed-cuts-interest-rate-by-0-50-will-it-spark-a-crypto-rally\/\">easing monetary policies<\/a> in the broader market, the bitcoin price is poised to breach its 7-month consolidation. The potential breakout, if it were to follow the Nvidia peak to $3.2 Trillion, the BTC value should spike around $161,917.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tIf Bitcoin&#8217;s market cap rises to $3.2 trillion and the circulating supply remains steady at 19,760,059 BTC, the price could reach approximately $161,917<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tYes, if Bitcoin experiences an upside breakout similar to Nvidia\u2019s 256% surge in 2024, a similar rally could push Bitcoin\u2019s price to around $160,000<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tBitcoin has been consolidating for the past seven months, showing an 11% decline from its all-time high of $73,750<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/heres-bitcoin-price-captures-nvidias-market-cap-3-2-trillion\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/heres-bitcoin-price-captures-nvidias-market-cap-3-2-trillion\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Sahil Mahadik  <\/p>\n<\/p><\/div>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On a low-volatility Saturday, Bitcoin experienced a slight dip of 0.13%, attempting to hold steady above the $65,000 mark. This minor pullback appears to be a brief cooling-off period, allowing the price to consolidate above key support after a three-week rally fueled by favorable macroeconomic events and renewed inflows into Bitcoin ETFs. Is the bullish [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":358113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-358107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=358107"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358107\/revisions"}],"predecessor-version":[{"id":358115,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358107\/revisions\/358115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/358113"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=358107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=358107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=358107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}