Blockchain
Crypto Assets Rally with BTC Returning to $66,000
Crypto assets attended a rally during the European morning, causing bitcoin to rise by around 1.5% in 24 hours to $66,300 and ether by 2% to $3,600. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), rose about 1%, with Avalanche’s AVAX posting the biggest gain at just under 3.9%. XRP rose 1.5%, while Solana’s SOL gained 1.3%. SOL, being the closest thing to an ether competitor in the altcoin market, could see a downturn as traders anticipate the listing of spot ETH ETFs in the US, an event seen as likely in the coming months.
The VanEck Bitcoin ETF (VBTC) started trading on the Australian Securities Exchange (ASX). This is the first exchange-traded fund to list on the ASX, the country’s largest stock exchange. VBTC rose 1% from its opening price to end 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 U.S. ETF listed on Cboe. Earlier this month, Australia’s first spot bitcoin ETF, Monochrome Asset Management’s IBTC, debuted on Cboe Australia, a smaller rival to the ASX.
The tokens are said to be used AI technology has increased by up to 35% in the last 24 hours. Recover.ai, SingularityNET’s AGIX and Ocean Protocol’s OCEAN led the advance as the sector gained an average of 15%. The growth followed gains in shares of chipmaker Nvidia (NVDA), which have risen 5% since Monday, making it the most valuable company in the world. “AI as a sector is popular in both traditional markets and the cryptocurrency sector,” said Edward Wilson, an analyst at Nansen.ai he told CoinDesk. “It should come as no surprise that in the wake of Nvidia becoming the most valuable company in the world, AI tokens are rallying.”