Bit (Bitcoin) in Taiwan time this morning after 5 AM once broke through 117,500 USD, again creating a historical high point, and Ethereum also briefly exceeded 3,000 USD. Before filing, Bit was reporting 115,636 USD, and Ethereum was reporting 2,939 USD.
Market analysis indicates that as long as it does not fall below 105,000 USD in the short term, this new high for Bit is considered an effective breakthrough. Additionally, the latest US unemployment numbers were lower than expected, and market expectations for an upcoming rate cut cycle have risen again, with increased risk appetite driving a surge across cryptocurrencies.
Next week's US CPI data will be another important indicator for observing Trump's policy impact on inflation.
The strong surge was also largely fueled by short sellers. According to Coinglass data, short sellers were liquidated for 1 billion USD in the past 24 hours, with over 230,000 people being cleared out.
Earlier, US stocks also reached multiple milestones on the 10th: NVIDIA's closing market value officially crossed the 4 trillion USD mark, and the S&P 500 and Nasdaq indexes hit new highs. These consecutive new highs were not driven by a single positive news, but rather a collective choice by global capital amid macroeconomic changes.
NVIDIA Closes at Four Trillion USD, AI Fever Unabated
NVIDIA's stock price closed up 0.7% on the 10th, officially breaking through 4 trillion USD in market value. The S&P 500 index rose 0.27%, closing at 6,280.46 points, while the Nasdaq index slightly increased 0.09%, closing at 20,630.66 points, both creating new highs.
Although US President Trump recently announced a new wave of tariff policies, the negotiation deadline was extended to August 1st, temporarily alleviating market concerns about tariff risks. Funds flowed back into large tech stocks and AI-related targets, boosting overall indexes.
Capital Flow and Market Sentiment: Tech and Crypto Assets as Safe Havens?
Looking back at this market trend, both NVIDIA's market value high and Bitcoin's breakthrough reflect global capital choosing high-growth and high-flexibility assets as hedges amid geopolitical tensions, inflationary pressures, and policy uncertainties.
Despite the high volatility of AI technology and cryptocurrencies, these assets undoubtedly became the focus when funds seek the "next story".
However, investors still need to pay attention to the impact of US tariff policies on global industrial chains. As the market seeks certainty in uncertainty, who will become the next safe haven for funds remains to be observed.
