Bitcoin (BTC) Holds Up Relatively Well This Week, Briefly Touching $99,900

This week's market overview: Bitcoin (BTC) has held up relatively well over this period, briefly touching almost $99,500 earlier this week to fall back to its current value of around $95,700.

TL;DR...

The last week was...eventful, to say the least.

Here, we take a look at how the markets evolved over the last week.

Market Overview

Bitcoin (BTC) has held up relatively well over this period, briefly touching almost $99,500 earlier this week to fall back to its current value of around $95,700. It is now down 0.5% over the past seven days.

Bitcoin's market dominance is now sitting at 61.1%, its highest value in almost four years. Meanwhile, Ethereum's market capitalization (mcap) fell by 3%, and other altcoins dropped by 11.6%.

Overall, a sense of fear still pervades the market, but glimmers of hope are beginning to shine through.

AI Sector Recap

The last week was another mixed bag for AI tokens. Over half of all AI tokens are down in this period, but a few exceptional projects have completely bucked the trend.

Overall, the sector saw its market capitalization (mcap) grow by 2.9% in the last week to reach $36.1 billion.

An assortment of other AI tokens also put on an impressive display. Some of this week's best performers include:Unfortunately, not all AI tokens fared quite so well. As we previously touched on, roughly 60% of AI tokens are in the red, with several down over 15% apiece.

Some of the worst performers currently include:Compared to other sectors, the AI sector has performed particularly well over the last seven days. Per DefiLlama's narrative tracker, the sector saw an mcap-weighted gain of 9.1%, making it the third best-performing sector tracked by the platform—outperformed only by Bridge Governance tokens and Data Availability tokens.

AI News Roundup

Several major developments occurred in the AI space this week, some of which may impact how the sector evolves in the months and years to come.

Some of this week's most significant stories include:That's a wrap for this week's AI update. Join us next Monday for more AI news, insights, and developments!