Bitcoin and other crypto assets have had the smallest of bumps back up from where they were languishing overnight and threatening to dump lower.

Maybe the Nividia AI chip-making tech-stock narrative has helped throw a little bit of interest the way of the crypto market.

As Eddy Sunarto reports in his Market Highlights update this morning:

“Overnight, Wall Street rebounded as chipmaker Nvidia ignited a rush for AI and tech stocks. At the close, Nasdaq was +1.7% higher, and the S&P 500 rose +0.88%.”

The fact that Wall Street stonks have bounced as a whole, though, might merely be having the usual knock-on positive effect for the crypto market.

Per a CoinDesk article this morning meanwhile, the Nividia surge might well prove to be a reminder to Bitcoin mining firms that AI tech should not be overlooked as a potentially extremely powerful integration into to their computational mining operations.

“The overwhelmingly positive market reaction” to Nvidia’s news “will incentivize more mining companies to follow suit making announcements of their own and allocating more of their power capacity to other forms of compute,” said Ethan Vera, chief operating officer at mining services firm Luxor Technologies told CoinDesk.

Meanwhile, still aping off Eddy’s morning update, this also caught Coinhead’s eye:

“Analysts believe that if the debt ceiling drama gets uglier, it could lead to some safe-haven flows for bullion.”

Bitcoin is widely regarded by the crypto industry as a store-of-value, safe-haven asset itself and Gold 2.0, remember. It’s also becoming, more and more, part of the political conversation – especially at a presidential-race level.

 

Top 10 overview

With the overall crypto market cap at US$1.16 trillion, up about 0.5% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

Other than the fact Polygon’s MATIC has once again well and truly booted Ethereum competitor Solana (SOL) out of the top 10 cryptos by market cap, there’s not loads to talk about regarding the crypto majors today.

That said, BTC and Ethereum have both retained key levels for the minute – US$26.2k and US$1,800 respectively.

That BTC level is of key importance to many crypto technical analysts out there at the moment, as it happens to pretty much coincide with the 200-week moving average line of support, which Rekt Capital, for one certainly regards as imperative to hold and bounce from if a bullish thesis is to stand any chance whatsoever.

More than, that, however, he feels that bounce needs to move above US$26,800. Considering BTC was all the way back around US$25,800 as most Aussies were nodding off to sleep last night, this isn’t a bad bounce so far. That said, momentum on it seems to have faded a tad.

How’s Mr Low Volume doing? That’s be US trader/analyst Roman. Yep, he’s still eyeing a most positive short-term outcome for BTC than the likes of veteran trader Peter Brandt.

 

Uppers and downers

Some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)

PUMPERS (11-100 market cap position)

• Render (RNDR), (market cap: US$987 million) +4%

• Axie Infinity (AXS), (market cap: US$799 million) +4%

• Decentraland (MANA), (market cap: US$851 million) +3%

• ImmutableX (IMX), (market cap: US$734 million) +3%

• The Sandbox (SAND), (market cap: US$935 million) +3%

 

PUMPERS (lower, lower caps)

• Akash Network (AKT), (market cap: US$92 million) +25%

• Velas (VLT), (market cap: US$36 million) +23%

• Optimus AI (OPTI), (market cap: US$19 million) +20%

• Waltonchain (WTC), (market cap: US$15 million) +6%

 

SLUMPERS

• NEO (NEO), (market cap: US$695 million) -6%

• Kava (KAVA), (mc: US$582 million) -5%

• Radix (XRD), (mc: US$702 million) -4%

• Synthetix (SNX), (mc: US$735 million) -3%

• ApeCoin (APE), (mc: US$1.19 billion) -3%

 

SLUMPERS (lower, lower caps)

• Samoyedcoin (SAMO), (market cap: US$23 million) -55%

• Multichain (MULTI), (market cap: US$83 million) -19%

• UTrust (UTK), (market cap: US$45 million) -19%

 

Around the blocks

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

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