Bitcoin Edges Above $116K as Nasdaq Gains on Nvidia and Apple Surge
The post Bitcoin Edges Above $116K as Nasdaq Gains on Nvidia and Apple Surge appeared on BitcoinEthereumNews.com. Key Insights: Bitcoin rises 0.99% to $116,272, driven by strong trading volume and positive market sentiment. Nasdaq gains 0.4% after Trump exempts U.S.-based chipmakers from 100% semiconductor tariffs. 82% of S&P 500 companies beat Q2 earnings estimates, marking the strongest rate since 2021. Bitcoin traded at $116,101.63 on Thursday, rising 0.99% over 24 hours amid broader optimism in financial markets. Its market capitalization reached $2.31 trillion, while 24-hour trading volume increased 3.09% to $58.92 billion. Bitcoin daily chart screenshot | Source : CoinMarketCap This price increase followed growing investor confidence driven by positive U.S. economic indicators and stock performance. Bitcoin’s intraday performance saw a low of $114.24K and a high near $116.5K, reflecting moderate but steady momentum. FDV remained stable at $2.44 trillion, while BTC’s 24-hour volatility-to-market cap ratio hovered around 2.53%. Nasdaq Rises with Apple and Nvidia Boost The Nasdaq Composite rose 0.4%, lifted by gains in Nvidia and Apple following Trump’s new semiconductor tariff exemptions. Nvidia shares increased by 1%, and AMD jumped 6%, while Apple gained 3% after announcing an additional $100 billion in U.S. investments. Meanwhile, the S&P 500 traded slightly below flat, and the Dow Jones Industrial Average dropped by 0.6%. President Donald Trump introduced a 100% tariff on imported semiconductor chips, excluding companies manufacturing in the U.S. He stated companies “committed to build” in the U.S. would not face the new charge, according to an Oval Office announcement. This announcement pushed the VanEck Semiconductor ETF up nearly 2%, indicating market support for domestic chip production. CommScope Jumps on Asset Sale; Earnings Momentum Holds CommScope shares rose nearly 2% Thursday after Bank of America upgraded its rating from underperform to buy. The upgrade followed its $10.5 billion sale of its connectivity business to Amphenol, helping improve its financial standing. Analyst Tal Liani noted the move…
The post Bitcoin Edges Above $116K as Nasdaq Gains on Nvidia and Apple Surge appeared on BitcoinEthereumNews.com.
Key Insights: Bitcoin rises 0.99% to $116,272, driven by strong trading volume and positive market sentiment. Nasdaq gains 0.4% after Trump exempts U.S.-based chipmakers from 100% semiconductor tariffs. 82% of S&P 500 companies beat Q2 earnings estimates, marking the strongest rate since 2021. Bitcoin traded at $116,101.63 on Thursday, rising 0.99% over 24 hours amid broader optimism in financial markets. Its market capitalization reached $2.31 trillion, while 24-hour trading volume increased 3.09% to $58.92 billion. Bitcoin daily chart screenshot | Source : CoinMarketCap This price increase followed growing investor confidence driven by positive U.S. economic indicators and stock performance. Bitcoin’s intraday performance saw a low of $114.24K and a high near $116.5K, reflecting moderate but steady momentum. FDV remained stable at $2.44 trillion, while BTC’s 24-hour volatility-to-market cap ratio hovered around 2.53%. Nasdaq Rises with Apple and Nvidia Boost The Nasdaq Composite rose 0.4%, lifted by gains in Nvidia and Apple following Trump’s new semiconductor tariff exemptions. Nvidia shares increased by 1%, and AMD jumped 6%, while Apple gained 3% after announcing an additional $100 billion in U.S. investments. Meanwhile, the S&P 500 traded slightly below flat, and the Dow Jones Industrial Average dropped by 0.6%. President Donald Trump introduced a 100% tariff on imported semiconductor chips, excluding companies manufacturing in the U.S. He stated companies “committed to build” in the U.S. would not face the new charge, according to an Oval Office announcement. This announcement pushed the VanEck Semiconductor ETF up nearly 2%, indicating market support for domestic chip production. CommScope Jumps on Asset Sale; Earnings Momentum Holds CommScope shares rose nearly 2% Thursday after Bank of America upgraded its rating from underperform to buy. The upgrade followed its $10.5 billion sale of its connectivity business to Amphenol, helping improve its financial standing. Analyst Tal Liani noted the move…
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