Illustration by Mitchell Preffer of Decrypt.
After an incredible rally, Bitcoin has cooled down.of bitcoin price After a modest weekly decline of 2%, it now stands at $51,064.
Cash flowed into the market as retail investors showed interest in newly approved spot exchange-traded funds (ETFs), but the momentum has finally slowed.
Still, the asset is up significantly compared to the beginning of the year, when it was trading at $42,245 per coin.
However, this week’s star is Ethereum (ETH).of ETH price It crossed the $3,000 milestone for the first time since April 2022 and is currently trading at $2,956, up 6% over the past seven days.
Investors are once again interested in the asset as more Wall Street giants file for the release of Spot Ethereum ETFs. The SEC has until May to approve or reject such products.
And Uniswap (UNI), the 16th largest token, is doing very well. Up 66% this week, the price is $12.41. It soared yesterday following news that the foundation behind the popular decentralized exchange wants to overhaul its governance system to reward users who stake their tokens.
The idea is “a major upgrade to Uniswap protocol governance to encourage an active, engaged and thoughtful delegation,” the foundation said. Voting will 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 performance so far has been AI tokens, which boomed along with AI sticks after NVIDIA’s earnings report. The top chipmaker reported revenue of $22.1 billion in the final quarter of 2023, beating analyst expectations.
As a result, AI-related digital assets are soaring in value. Worldcoin (WLD) is up 71% over the past 7 days, while SingularityNET (AGIX) has doubled his and settled for a 71% gain this week.
Edited by Ryan Ozawa.
