Summary
TLDR: Tokens tied to AI and IoT projects Fetch.ai and Internet Computer have seen significant gains as the broader cryptocurrency market recovers. Bitcoin’s price reached $71,500 before correcting. IoT cryptocurrencies like IOTA and Jasmycoin are performing well due to positive market sentiment. IOTA announced a $10 million investment fund while Jasmycoin partnered with Panasonic for an IoT platform. AI token FET from Fetch.AI grew by 11.6% in the last 24 hours, and ICP, linked to AI innovations, saw a 14.5% spike. Traders should be cautious as coins are oversold and may experience corrections.
Key Points
1. Tokens tied to artificial intelligence (AI) and internet of things (IoT) projects Fetch.ai and Internet Computer have posted significant gains as the broader cryptocurrency market recovers.
2. The market’s upward trend has pushed Bitcoin’s price above $70,000, with the overall cryptocurrency market capitalization increasing from $2.6T to $2.64T in the last 24 hours.
3. IoT cryptocurrencies like IOTA and Jasmycoin are leading the rally, with positive market sentiment driving their price spikes alongside big announcements like the launch of a $10 million investment fund by the IOTA Foundation.