Crypto Market Pulse Weekly - 🚀AI Tokens Surging
Crypto Market Pulse Weekly - 🚀AI Tokens SurgingAI-related tokens surging. Grayscale’s spot bitcoin ETF records lowest daily outflow since launch. CME to launch euro-denominated Micro Bitcoin and Ether futures.Weekly Market IndexLast week’s crypto market prices were up +1.13%. Volume and volatility decreased by -18.30% and -44.17%, respectively. Notably, ETH hit the US$3K level for the first time since April 2022, amid market speculation on a spot Ether exchange-traded fund (ETF). Chart of the WeekThe recent launch of OpenAI’s Sora and NVIDIA’s impressive earnings result have further fueled optimism surrounding artificial intelligence (AI). This appears to have spilled into crypto as well, with AI-related tokens surging in the past seven days. Weekly PerformanceBitcoin (BTC) fell by -1.3% while Ethereum (ETH) rose by +8.3%, in the past seven days. Price action for other selected top-cap tokens was mixed. Uniswap (UNI) was a notable outperformer, up +43.5%. Recently, a proposal was submitted to reward UNI token holders who staked and delegated their tokens. Selected key categories were mostly up (with the exception of Gaming) in terms of market cap change in the past seven days, led by Artificial Intelligence. News Highlights
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Catalyst CalendarWe’re all ears.Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you! AuthorResearch and Insights Team Disclaimer:The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.Thank you for reading! We hope you find Market Pulse, our new weekly market insights newsletter enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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