Bitcoin’s $100K Breakout Pause Likely Due to Liquidity Factors and Nvidia's Stalled Rally

Quick Summary:

Slower inflow of liquidity and risk-off cues from NVDA might be holding back the upside.

The liquidity indicator has chalked out lower highs of late, diverging bearishly from BTC's price.

Since the debut of ChatGPT in late 2022, NVDA has emerged as a bellwether for all things AI and risk assets in general.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCubaMali

Topics: Bitcoin Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 06:49:14 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24348877

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Year Established: 2013

Headquarters: United States

News Last Updated: 2 days ago

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Publisher ID: #8

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