Key Notes
NVIDIA's stock breakthrough above $190 catalyzed synchronized gains across all top ten crypto AI tokens on Thursday.
Markets now price 97.8% probability of Federal Reserve rate reduction at upcoming October 29 policy meeting.
Capital rotation from US treasuries into equities drove $2.6 billion sector expansion as investors hedged political shutdown risks.
The aggregate crypto AI sector reached $32 billion in market capitalization on Thursday, driven by NVIDIA’s rally to fresh all-time highs above $190 per share. As the chipmaker’s valuation approaches $4.6 trillion, it continues to cement its position as the dominant force shaping the global AI landscape.
The broader crypto market also received a boost as investors sought alternatives to hedge political risk triggered by the