After a phenomenal rally, Bitcoin cooled off. that much bitcoin price After a slight decline of 2% per share, it now stands at $51,064.
Cash flooded the market as retail investors showed interest in newly approved cash exchange-traded funds (ETFs), but the flow eventually slowed.
Nonetheless, the asset has risen significantly since the beginning of the year, when it was trading at $42,245 per coin.
But Ethereum (ETH) was the star of the week. that much ETH price It has surpassed $3,000 for the first time since April 2022 and is currently trading at $2,956, up 6% over the last seven days.
As more major Wall Street firms apply to launch spot Ethereum ETFs, investors are showing renewed interest in the asset. The SEC has until May to approve or reject the product.
And the 16th largest token, Uniswap (UNI), is doing really well. It is up 66% this week and is priced at $12.41. It soared yesterday following news that the base of the popular decentralized exchange wants to overhaul its governance system to reward users who stake their tokens.
The idea is “to provide a large-scale upgrade to Uniswap protocol governance to encourage active, participatory and thoughtful delegation,” the foundation said. Voting is scheduled to take place in March.
Over the past week, UNI has been the best-performing cryptocurrency among the top 20 coins and tokens.
But the most impressive performer so far has been AI tokens, which have boomed alongside AI sticks since Nvidia’s earnings report. The top chipmaker reported fourth-quarter 2023 revenue of $22.1 billion, beating analyst estimates.
Accordingly, AI-related digital assets are rapidly increasing. Worldcoin (WLD) is up 71% over the past seven days, while SingularityNET (AGIX) is up 71% for the week after doubling higher.
Edited by Ryan Ozawa.
