Bitcoin peaks, then plummets + AI tokens await NVIDIA Conference

Mark O'Donnell
- Research Analyst -
March 6, 2024
CFD, Commodities, Forex, Trading Opportunities

Bitcoin recently hit a new all-time high, surpassing the previous record, but quickly faced a 6% drop to below $63,000, leaving uncertainty about a bottom.
AI tokens like RNDR, FET, AGIX, and AKT are garnering bullish predictions in anticipation of the upcoming NVIDIA 2024 GTC conference.

Bitcoin has just hit a new all-time high, surpassing the previous record set in November 2021 by a couple hundred dollars on some exchanges (about $69,300). This could have been a ‘just for the hell of it’ accomplishment, because immediately after, selling pressure took it down ~6%, below $63,000. No sign right now of a bottoming.

Still, the consensus for Bitcoin (according to Binance users) moving forward is Bullish (35% bullish and 29% very bullish).

Another interesting story developing in the crypto space is that of AI-based tokens. Bullsih predictions for coins such as Render (RNDR), Fetch.AI (FET), SingularityNET (AGIX), and Akash Network (AKT) are building in the lead up to NVIDIA 2024 GTC conference. The NVIDIA conference, scheduled between March 18 and 21, will feature technical workshops on generative AI.

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