NVIDIA and Bitcoin Soar Ahead of Key Job Report This Week

On Monday, June 3rd, 2024, both stocks and cryptocurrencies are soaring, led by NVIDIA (NVDA) and Bitcoin (BTC).

NVIDIA’s stock price rebounded to as high as $1,140 in the morning after a two-day dip at the end of May. Other major tech stocks are also rising, with Meta (META) hitting $478.

After a long consolidation, Bitcoin (BTC) is breaking the ‘coffee cup’ trend and is poised to reach a new all-time high (ATH) this week. Many experts are betting on Bitcoin reaching its highest price very soon.

Last week’s Personal Consumption Expenditures price index (PCE) came in as expected, and this week’s job report is estimated to show a cooling job market, increasing the likelihood of a rate cut in September. Additionally, Canada and Europe are expected to cut interest rates as soon as this week, which could positively impact the global market.

Do you think Bitcoin can break the ATH this week?

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