Bitcoin
Crypto Assets Rally as BTC Returns to $66K
Crypto Assets enjoyed a rally during the European morning, raising bitcoin around 1.5% in 24 hours to US$66,300 and ether 2% to US$3,600. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), rose around 1%, with Avalanche’s AVAX the biggest gainer, up just under 3.9%. XRP rose 1.5% while Solana’s SOL gained 1.3%. SOL, as the closest thing to an ether competitor in the altcoin market, may be facing downside as traders anticipate the listing of spot ETH ETFs in the US, an event considered likely at some point in the coming months.
The VanEck Bitcoin ETF (VBTC) began trading on the Australian Securities Exchange (ASX). This is the first exchange-traded fund to be listed on the ASX, the country’s largest stock exchange. VBTC rose 1% from its opening price, ending the day at A$20.06 ($13.4) after trading 99,791 shares. The ETF is a feeder fund that provides exposure to bitcoin by investing in the company’s Bitcoin Trust (HODL), a US ETF listed on Cboe. Earlier this month, the first Australian bitcoin spot ETF, Monochrome Asset Management’s IBTC, debuted on Cboe Australia, a smaller ASX rival.
Tokens allegedly used AI technology increased by up to 35% in the last 24 hours. Search.aiSingularityNET’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN led the advance, while the sector grew 15% on average. The growth followed gains in shares of chipmaker Nvidia (NVDA), which have risen 5% since Monday, making it the world’s most valuable company. “AI as an industry is on the rise in both traditional markets and cryptocurrencies,” Edward Wilson, analyst at Nansen.ai he told CoinDesk. “It should come as no surprise that as Nvidia becomes the most valuable company in the world, AI tokens are rebounding.”