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Bitcoin surges to new highs above $118,000 as investors go risk on
Bitcoin (BTC-USD) vaulted to a fresh all-time high Friday, breaking above $118,000 amid a wave of bullish momentum across risk assets. The token's price action coincides with AI giant Nvidia's (NVDA) surge to a $4 trillion valuation, highlighting crypto's tie with tech. The tech-heavy Nasdaq Composite (^IXIC) hit a fresh record on Wednesday, and the S&P 500 (^GSPC) was headed that way on Thursday. "Historically, Bitcoin has remained highly correlated with tech stocks, and this correlation is still playing out," Nic Puckrin, crypto analyst and founder of the Coin Bureau, wrote on Thursday morning. Year to date, the ... (full story)
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