Bitcoin Holds Above $92K as AI, Privacy Tokens Surge
Disclaimer: Crypto is a high-risk asset class. This article is for informational purposes only and should not be taken as investment advice. You could lose all your invested capital.
Bitcoin is holding strong above the $92,000 mark, showing a 1.6% increase over the past 24 hours. This price movement signals growing investor interest, although gains are not spread evenly across the entire crypto market. Ethereum also saw a boost, rising 2.1% and now trading above $3,150. However, most other major cryptocurrencies stayed relatively flat during this time.
One of the biggest surprises came from Monero (XMR), a popular privacy-focused cryptocurrency. It jumped nearly 18% in just one day, leading the surge among privacy tokens. These types of coins are designed to keep user transactions hidden, and Monero’s strong performance could indicate renewed interest in digital privacy.
Another group gaining traction is AI-related crypto tokens. This sector rose more than 2%, powered by big moves in tokens like Fetch.ai (FET), Bittensor (TAO), and Venice Token—all of which posted double-digit gains. These tokens are part of a growing trend that combines artificial intelligence with blockchain technology.
Also seeing gains were DePIN (Decentralized Physical Infrastructure Network) projects, which often overlap with AI developments. Meanwhile, decentralized finance (DeFi) and Layer 1 blockchain tokens saw smaller, steady increases.
On the flip side, centralized finance (CeFi) tokens, meme coins, and Layer 2 projects didn’t perform as well. Their prices either stayed flat or dipped slightly, showing that investors are shifting focus to different sectors rather than pouring money into the entire market.
In summary, the crypto market is experiencing selective growth, with strong interest in privacy coins, AI-related tokens, and infrastructure-focused projects. Other areas are seeing slower movement as investors rotate their strategies.