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The Market Dips and Fetch.ai Releases a Tool for DeFi Users

Apr 19, 2023
Market Update Crypto markets declined sharply late last night before finding some footing this morning. At the time of writing, $BTC is down 3.11%, and $ETH is down 4.93%. It's thought that this sell-off was triggered by a spot sale of 19.9k BTC (~$600M) on Binance over a span of 45 minutes. This is an unusually large sale to happen in such a short period of time. Altcoins have seen more significant declines than the majors - $SOL is down 5.64%, $LTC is down 6.22%, and $LDO is down 7.60%. The $ETH/BTC ratio, which had been rallying ever since the conclusion of Shapella has corrected a bit today, down 1.98%. Traditional markets are only down slightly, SPX dropped 0.24%, and NDQ is down 0.41%.Fetch.ai ($FET), a protocol that develops artificial intelligence (AI) tools for crypto, is releasing enhanced trading products for decentralized exchanges (DEX's). Today the protocol announced its plan to launch a suite of trading tools later this quarter to enable peer-to-peer transactions among DeFi users. The tools will be powered by AI agents that execute trades according to user-defined parameters. According to CEO Humayun Sheikh, users will submit their orders to an agent that will place them in escrow or an atomic transaction. The platform aims to generate liquidity with agents colla

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