Ether, AI Coins Steal Bitcoin’s Spotlight: Crypto Daybook Americas
2025-07-10 11:39:41
Main Idea
Ether and AI-related cryptocurrencies outperformed Bitcoin, driven by factors like Nvidia's influence and Fidelity's report on Ethereum's blockchain metrics, while other tokens like PUMP and SHIB also showed significant movements.
Key Points
1. AI-related tokens (TAO, ICP, RENDER, FET) surged up to 8%, outpacing top 10 cryptocurrencies, with Nvidia's performance being a key catalyst.
2. Ether rallied amid record trading volumes in BlackRock's spot ether ETF, supported by Fidelity's report highlighting Ethereum's TVL and stablecoin use.
3. PUMP, the token of Pump.fun, traded 40% above its upcoming ICO price, while other tokens like FART, VIRTUAL, and PENGU saw double-digit gains.
4. SHIB showed potential to outperform Bitcoin but remained weak against DOGE, with market volatility highlighted by QCP Capital's warning of a 'wild ride'.
5. Macroeconomic data releases and upcoming earnings reports (Tesla, PayPal, Robinhood, Coinbase) were noted as potential market movers.
Description
By Omkar Godbole (All times ET unless indicated otherwise) Everyone’s buzzing about bitcoin (BTC) finally catching a bid, setting record prices on several exchanges and igniting bullish excitement. But don't let the spotlight on BTC cast AI coins into the shadow. Major tokens supposedly associated with artificial intelligence, such as TAO, ICP, RENDER and FET, surged as much as 8% in the past 24 hours, outpacing even the 10 largest coins by market cap. The catalyst is chipmaker Nvidia, a bellwet...
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