Bitcoin vs. Nvidia Both have a surprising Correlation.
➤ Since late 2022, #BTC☀ in and #Nvidia have shown a strong positive correlation.
➤ NVDA's 30-day implied volatility has surged to 71%, surpassing Bitcoin's 49% and Ether's 55%.
➤ Both hit bottoms in late 2022 and then rallied
➤ Both $BTC AND $NVDA recently dropped 27% from its ATH
Will this correlation persist if #Bitcoin❗ coin begins its price discovery phase? Let me know your thoughts 💭