AI tokens surge as Bitcoin stalls below $77K
Bitcoin stalls below $77,000, down 7% in two weeks, while AI tokens like Worldcoin, Render, and FET post double-digit gains, signaling a shift in investor focus within the crypto market.
Bitcoin's price remains stalled below $77,000, reflecting a 7% decline over the past two weeks. Despite record highs in traditional equity markets, Bitcoin has failed to regain bullish momentum and continues to trade below key moving averages after a recent rejection near $82,000. While both Bitcoin and Ether have struggled—Ether losing over 10% in the same period—AI infrastructure tokens have sharply diverged from the broader crypto market. Tokens such as Worldcoin, Render (RNDR), Fetch.ai (FET), and NEAR Protocol have posted double-digit gains in a single session. This surge is driven by growing interest in decentralized computing solutions amid global GPU shortages and increased enterprise AI spending. This rotation of capital highlights a significant shift in investor focus from traditional cryptocurrencies to AI-linked assets, as the CoinDesk Computing Select Index rose 1.9%. Meanwhile, privacy tokens like ZEC, XMR, and DASH have seen notable declines, and crypto futures market volume has dropped 10% over 24 hours.