Bitcoin Don Peak Amid Nvidia Decoupling And Australia CBDC Trials
Bitcoin jump pass $112,000 an briefly top $111,000 afta Nvidia get record $4 trillion market cap, grounded by strong ETF inflows, company crypto buys an AI-powered rally. On-chain data from Glassnode show say di Bitcoin–Nvidia correlation fall from 0.80 to 0.36, meaning Bitcoin fit break free an hold steady even if Nvidia stock correct. Meanwhile, Australia Project Acacia move go real-life trials of central bank digital currency (CBDC), gather 24 firms to test programmabale digital money inside bond an carbon-credit settlements. These developments—mix institutional demand, weak tech connection and CBDC innovation—support steady Bitcoin progress; traders make dem reason ETF flows, on-chain signals an central bank policies for market impact.
Bullish
Di strong ETF inflows, corporate acquisitions and one AI-driven rally wey dem highlight wit di decreasing Bitcoin-Nvidia correlation, e don make di positive momentum for Bitcoin stronger. Plus, Australia CBDC trials show say digital finance dey get growing support from institutions. All these things dey support bullish outlook both for short and long term, but traders suppose dey watch out for profit-taking risks and any macroeconomic policy changes.