Bitcoin Peaks Amid Nvidia Decoupling and Australia CBDC Trials
Bitcoin surged past $112,000 and briefly topped $111,000 following Nvidia’s record $4 trillion market cap, driven by robust ETF inflows, corporate crypto acquisitions and an AI-fueled rally. On-chain data from Glassnode shows the Bitcoin–Nvidia correlation has fallen from 0.80 to 0.36, suggesting Bitcoin may decouple and stay resilient even if Nvidia’s stock corrects. Meanwhile, Australia’s Project Acacia advanced into real-world trials of a central bank digital currency (CBDC), enlisting 24 firms to test programmable digital money in bond and carbon-credit settlements. These developments—combining institutional demand, weakening tech correlation and CBDC innovation—support sustained Bitcoin momentum; traders should monitor ETF flows, on-chain signals and central bank policies for market impact.
Bullish
The combination of strong ETF inflows, corporate acquisitions and an AI-driven rally, underscored by declining Bitcoin–Nvidia correlation, reinforces positive momentum for Bitcoin. Additionally, Australia’s CBDC trials signal growing institutional endorsement of digital finance. These factors support a bullish outlook in both the short and long term, although traders should monitor profit-taking risks and macroeconomic policy shifts.