Crypto Assets Rally With BTC Returning to $66K

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Crypto assets rose on the European morning, pushing Bitcoin up around 1.5% to $66,300 in 24 hours and Ether up 2% to $3,600. While the broader digital asset market as measured by the CoinDesk 20 Index (CD20) rose about 1%, Avalanche’s AVAX was the biggest gainer, gaining just under 3.9%. XRP is up 1.5% while Solana’s SOL is up 1.3%. SOL, the closest thing to an Ethereum rival in the altcoin market, may be experiencing headwinds as investors anticipate listings of spot ETH ETFs in the US; This event is thought to be likely to occur within the next few months.

VanEck Bitcoin ETF (VBTC) began trading on the Australian Securities Exchange (ASX). It is the first exchange-traded fund to be listed on the ASX, the country’s largest stock exchange. VBTC ended the day at AU$20.06 (US$13.4), up 1% from its opening price, after 99,791 shares were traded. 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, Australia’s first spot bitcoin ETF, Monochrome Asset Management’s IBTC, launched on Cboe Australia, a smaller ASX rival.

Tokens said to use artificial intelligence technology have increased by up to 35% in the last 24 hours. The sector is up 15% on average, with Fetch.ai’s FET, SingularityNET’s AGIX and Ocean Protocol’s OCEAN leading the advance. That growth follows gains in shares of chip maker Nvidia (NVDA), which have risen 5% since Monday, making it the world’s most valuable company. “The AI ​​sector is a hot topic in both traditional markets and crypto,” Nansen.ai analyst Edward Wilson told CoinDesk. “It should not be a surprise that artificial intelligence tokens are on the rise after Nvidia became the world’s most valuable company.”

Painting of the Day

(Glass knot)

The number of Bitcoins held in wallets associated with miners dropped to 1,802 million BTC, the lowest level since April 2019.

Faster selling by miners is one of the factors preventing Bitcoin from keeping pace with the Nasdaq.

Source: Glassnode

-Omkar Godbole

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