The chipmaker, a titan of the digital age, ascended to the heavens, becoming the first public company to ever reach $4 trillion in market capitalization on Wednesday. 🌟
Nvidia Outshines Bitcoin: A Tale of Chips and Cryptos
California-based chipmaker Nvidia (Nasdaq: NVDA) has etched its name in the annals of history, not just as a company, but as a legend. On Wednesday, it became the first company to ever hit $4 trillion in market cap. Nvidia stock, like a well-oiled machine, rose 1.75% and was trading at roughly $163 at the time of writing. The market cap, like a fleeting dream, eventually subsided and fell just below the $4 trillion mark in the afternoon, but the company had already secured its place in the history books. Nvidia is now almost twice the size of Bitcoin ( BTC), which, in a modest display of effort, saw a 0.43% bump in price on the same day and has a current market cap of about $2.17 trillion. 🤷♂️
//branch.wallet.bitcoin.com/news-contextual-btc”>BTC
is projected to double by the end of the year, which means it could quickly eclipse Nvidia in a matter of months. 🚀
Overview of Market Metrics
Bitcoin’s price, like a rollercoaster, traded between $108,357.68 and $109,765.70 over the past 24 hours and was around $109,508.94 at the time of reporting. The current price reflects an uptick of approximately 0.43%, but the weekly price increase was largely flat, according to Coinmarketcap. 📈
Trading volume since yesterday dropped slightly by 0.90% to $45.06 billion. Bitcoin’s market capitalization rose by 0.4% to $2.17 trillion, and BTC dominance tumbled 0.58% to 64.70%. 📉
The total value of open BTC futures contracts bumped up to $75.52 billion, a 1.56% increase over the past day. Liquidations came in at $29.86 million in total over 24 hours. Bears with short positions had $22.04 million wiped out in margin calls while bulls had $7.82 million in liquidations. 🐻🐂
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2025-07-09 23:02