What to know:
- The AI tokens, AI16Z, ARC, and GRIFFAIN, have soared like a hot air balloon on a windy day, thanks to whispers of a $500 billion AI infrastructure investment deal, allegedly orchestrated by none other than Trump himself. Who knew he had such a flair for tech? 🤔
- Bitcoin, in a rather modest fashion, has managed a 3% gain, now trading at a respectable $106,000, as the market holds its breath for Trump’s inaugural crypto policies. Talk about suspense! 🎭
- K33 Research has recommended what they call “soft derisking,” a term that sounds like a gentle hug for your investments, following the speculative frenzy surrounding Trump-themed memecoins. Because who doesn’t love a good meme? 😂
On this fine Tuesday, cryptocurrencies in the burgeoning sector of artificial intelligence agents took flight, while Bitcoin, bless its heart, lingered just below the heights it reached on Monday. Traders, with bated breath, await the first crypto-specific actions from the Trump administration, as if waiting for a sequel to a blockbuster movie.
Tokens like AI16Z and ARC rallied over 30% throughout the day, while GRIFFAIN and ZEREBRO also joined the party with double-digit gains. This surge can perhaps be attributed to the afternoon news that President Trump is preparing to announce a staggering $500 billion in private sector AI infrastructure investments, with big names like OpenAI, Oracle, and Softbank in the mix. Meanwhile, Trump decided to roll back Joe Biden’s 2023 executive order on AI risks, because why not? Regulation is so last decade! 😏
The crypto AI agent sector has captured the imaginations of traders, evolving into a multibillion-dollar asset class since the dawn of AI tokens in October. These agents, represented by crypto tokens, are like the digital butlers of the blockchain world, performing tasks such as social media posting, market insights, memecoin creation, and executing trades on-chain. Quite the multitaskers, if I do say so! 🕴️
“Conviction was put to the test in the ai/crypto realm, but after Altman gave his blessing, Trump decided to join the fun with his AI infrastructure announcement,” mused Will Clemente, founder of Reflexivity Research, in a post on X. “As long as BTC remains above $100,000, I suspect this sector will be the next hotbed for investment. Just don’t forget to wear your safety goggles!” 😅
Market awaits for Trump catalysts
The broader crypto market finds itself in a state of contemplative waiting, with most large-cap tokens in the CoinDesk 20 Index showing modest gains. Bitcoin, with its 3% increase over the past 24 hours, now sits at $106,000, just shy of its Monday peak. This uptick was buoyed by MicroStrategy (MSTR) adding another 11,000 BTC to its treasury for the bargain price of $1.1 billion. Talk about a shopping spree! 🛒
Ethereum‘s ether (ETH), however, wobbles like a toddler learning to walk, nearing its four-year weakest price against BTC. The Ethereum Foundation, bless their hearts, faces backlash from the community for losing market share to competitors. It’s like watching a race, but one of the runners forgot to tie their shoelaces! 🏃♂️
“Given the robust BTC rally and the wild memecoin weekend, we recommend a gentle ‘soft derisking’ after a strong two-month period,” K33 Research analysts noted in their Tuesday report. “We anticipate crypto-specific executive orders will cause quite the stir, with the most likely being a repeal of SAB 121 and a pardon for Ross Ulbricht. Because who doesn’t love a good plot twist?” 🎬
Bitcoin’s weekend surge met resistance at the $110,000 level, but the dips to $100,000 were snatched up quicker than a hot cake at a charity bake sale, remarked Joel Kruger, market strategist at LMAX Group.
“There was speculation of selling due to President Trump’s silence on crypto during the inauguration,” Kruger stated in an email. “However, such concerns seem vastly overstated, especially with Trump’s recent commitment to the space, including his latest memecoin launch and chatter about a strategic bitcoin reserve.”
“Regardless, the outlook remains exceptionally bright, with Monday’s setbacks being well supported,” he added. So, keep your sunglasses handy, folks! 😎
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2025-01-22 01:07