Crypto assets in the Americas saw a rally with bitcoin rising to $66,300 and ether to $3,600. The broader digital asset market, measured by the CoinDesk 20 Index (CD20), climbed about 1%, with Avalanche’s AVAX being the top gainer at nearly 3.9%. XRP rose by 1.5% and Solana’s SOL gained 1.3%. SOL, seen as a competitor to ether in the altcoin market, may be facing a downside as traders anticipate the listing of spot ETH ETFs in the U.S. The VanEck Bitcoin ETF (VBTC) began trading on the Australian Securities Exchange (ASX), making it the first ETF to list on the ASX. VBTC ended the day at A$20.06 ($13.4), rising 1% from its opening price after trading 99,791 shares. The ETF provides exposure to bitcoin by investing in the company’s Bitcoin Trust (HODL). Tokens utilizing AI technology surged as much as 35% in the last 24 hours, with Fetch.ai’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN leading the advance. The sector saw an average increase of 15% following gains in chipmaker Nvidia (NVDA)’s stock, which rose 5% since Monday, making it the most valuable company globally. The number of bitcoins held in wallets associated with miners dropped to 1.802 million BTC, the lowest since April 2019. Faster selling by miners is one of the factors hindering bitcoin from keeping pace with Nasdaq.
