AI Fuels Record Highs in Crypto and Stock Market; Bitcoin Recovers

By: Isha Das

Artificial Intelligence (AI) hype is boosting both the crypto and stock markets, with companies like Worldcoin and Nvidia seeing record highs. Worldcoin, the company controversially looking to scan eyeballs for cash benefits, is among the AI-driven projects experiencing notable rises.

Meanwhile, Bitcoin has bounced back over $51,000, as the crypto market recovers and a surge in AI tokens created renewed enthusiasm. This erratic price action resulted in over $200 million in liquidations of crypto-tracked futures, $150 million of which were bets against higher prices.

Worldcoin's token value increased by 40% amid this general optimism for AI, reaching an all-time high. This hike speaks to a broader sentiment that the future of crypto may be significantly influenced by advancements in AI technologies.