CandleFocus Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms
2024-09-12
Author: Content Editor
Bitcoin rallied to over $58,000 during Asian trading hours, driven by the surge in US tech stocks and positive movements in Asian equities. However, despite the increase in the bitcoin price, US spot bitcoin ETFs experienced outflows, with Ark Invest's ARKB seeing a notable $54 million outflow. AI tokens also saw modest gains as OpenAI plans to raise $6.5 billion at a $150 billion valuation. Meanwhile, Sui, a layer-1 blockchain, outperformed the market with a 16% rise, potentially due to Grayscale's announcement about opening the Grayscale Sui Trust. AI tokens such as NEAR Protocol's token and the Artificial Superintelligence Alliance's FET token also posted gains amidst reports of OpenAI's funding plans.
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