Markets
Crypto assets rally as BTC returns to $66,000
Crypto assets took advantage of a gathering during the European morning, increasing bitcoin by about 1.5% over 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), climbed about 1%, with Avalanche’s AVAX the biggest gainer at just under 3.9%. XRP rose 1.5%, while Solana’s SOL gained 1.3%. SOL, as the closest thing to an ether competitor in the altcoin market, could see a decline as traders anticipate the listing of spot ETH ETFs in the United States, an event that should be likely in the coming months.
The 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 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 US 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 would be used AI technology jumped 35% in the last 24 hours. Recover.ai‘s FET, SingularityNET’s AGIX and Ocean Protocol’s OCEAN led the advance as the sector added 15% on average. The growth follows gains in shares of chipmaker Nvidia (NVDA), which are up 5% since Monday, making it the world’s most valuable company. “AI as a sector is hot in both traditional markets and cryptocurrencies,” Edward Wilson, analyst at Nansen.ai told CoinDesk. “It’s no surprise that, thanks to Nvidia becoming the most valuable company in the world, AI tokens are rallying.”