A.I. Coins See Recovery and BitDAO Merges with Mantle Network
After bleeding lower this morning, crypto markets and gold saw relief immediately following Janet Yellen’s statement to bank CEOs that “more mergers may be necessary.” At the time of writing, BTC is up 0.12%, ETH is up 0.72%, and gold is up 1.07%. While most altcoins continue to underperform, AI-related coins have been standouts the past few days. AI coins SingularityNET (AGIX 0.30% ) and Fetch.ai (FET -0.82% ) are up 18.49% and 10.35%, respectively. These coins were among the top performers of Q1 2023 before cooling off most of Q2. Traditional markets are down slightly on the day, SPX fell 0.09%, and NDQ fell 0.22%.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -2.81% falling to $60k and ETH 0.69% approaching the low $2,300s. Aptos (APT 0.13% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 4.90% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -2.81% climbing back above $61,000 and SOL -3.84% moving above $145, while ETH 0.69% is lagging, trading around $2,400. Among today's outperformers is SUI -1.23% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY -0.54% and QQQ -0.15% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -2.81% briefly dropping below $62k and ETH 0.69% below $2.5k. Among altcoins, SUI -1.23% is showing...
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