AI Sector Leads Crypto Rally With 6.29% Gain, Bitcoin Surges 2.36%

The crypto market experienced a broad rally, with the AI sector leading the charge for the second consecutive day. According to SoSoValue data, the AI sector saw a significant increase of 6.29% in the past 24 hours. Within this sector, Render (RENDER) rose by 4.29%, Fetch.ai (FET) increased by 7.30%, and Bittensor (TAO) surged by 12.74%.

Bitcoin (BTC) also saw a notable surge, rising by 2.36% in the last 24 hours and breaking through the $87,000 mark. Ethereum (ETH) followed suit, increasing by 0.91% and reclaiming the level above $1,600. Other sectors also showed positive movements, with the DeFi sector rising by 2.42%, the Layer2 sector increasing by 1.97%, the Meme sector growing by 1.51%, the PayFi sector expanding by 1.37%, the CeFi sector rising by 1.03%, and the Layer1 sector increasing by 0.84%.

Notably, MAG7.ssi rose by 1.67%, DEFI.ssi by 3.37%, and MEME.ssi by 1.09%. The crypto sector index also reflected historical sector performance, with the ssiAI, ssiNFT, and ssiDePIN indices rising by 6.90%, 2.86%, and 2.55%, respectively.

This broad rally in the crypto market, led by the AI sector, indicates a growing interest and investment in AI-related cryptocurrencies. The surge in Bitcoin and Ethereum prices further solidifies their positions as leading cryptocurrencies. The positive movements across various sectors suggest a bullish sentiment in the market, with investors showing confidence in the potential of different crypto assets. The increase in the crypto sector index also reflects the overall positive performance of the market, with AI, NFT, and DePIN sectors showing significant growth.