Table of Contents

• Bitcoin

• Nvidia

Top Stories Today

Bitcoin

Bitcoin surged to a new intraday peak Wednesday, buoyed by a tech‑stock rally led by Nvidia that lifted the broader market. The cryptocurrency climbed as high as about $112,050, eclipsing its previous late‑May high, before settling around $110,950, up nearly 2% on the day. Despite substantial inflows into BTC exchange‑traded funds, corporate purchases of bitcoin outstripped ETF demand in Q2, yet the asset has edged up only modestly over the past month. With major equity indices hitting records and forthcoming crypto‑friendly legislation in Washington, many traders anticipate further upside, potentially pushing bitcoin toward $120,000 in the coming days.

Nvidia

Nvidia shares climbed enough on Wednesday to briefly push its valuation above $4 trillion, the first time any company has reached that milestone in trading, before settling up 1.8% and a market cap of $3.97 trillion. Since its founding in 1993, the chip designer has vaulted past $2 trillion in February 2024 and $3 trillion in June, fueled by surging demand for its GPUs that power today’s leading AI models. Despite geopolitical headwinds, including U.S. export limits that Nvidia estimates will cost about $8 billion in Chinese sales, the company remains the world’s most valuable,outpacing Microsoft and Apple, and has seen its stock multiply more than fifteenfold over the past five years as investors back its pivotal role in the generative AI boom.

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