After a month of bullish activity, the broader cryptocurrency market is settling as the week draws to a close. Major currencies like Bitcoin and Ethereum are trading relatively flat, reflecting a pause in recent upward momentum.

Artificial intelligence-linked tokens are still going strong, however, buoyed by the current momentum within the AI industry, which is sparking increased investor interest and activity in related digital assets.

Indeed, after Nvidia’s blockbuster earnings report this week, tradfi stocks related to AI tech are all on the rise: NVDA, AMD, and MSFT on the Nasdaq are all in the green for the week. Nvidia called it a “tipping point” for AI.

Bitcoin’s current market position

Bitcoin opened the day at $51,252 but slightly decreased to around $51,134, marking just short of a 1% drop within the last 24 hours. This movement underscores a trading sideways period consistent since February 15, as Decrypt previously Go to Source to See Full Article
Author: Jose Antonio Lanz

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