Analyst: BTC pullback prompts investors to turn to DeFi and AI concept tokens such as HYPE and ai16z

Analysts say that although Bitcoin has recently failed to break through the psychological barrier of $100,000, the recovery of institutional interest highlights the growing confidence in digital assets at current price levels. Valentin Fourner, chief analyst at BRN, said: "ETF inflows highlight strong institutional support, especially as macroeconomic conditions improve and inflation appears to be easing." The recent pullback in Bitcoin prices has prompted some investors to explore emerging stories in the field of alternative crypto assets and digital assets. Bitget chief analyst Ryan Lee believes that AI-driven investment and high-performance DeFi platforms are becoming the next growth frontier, and investors are turning to DeFi and AI concept tokens such as HYPE and ai16z. (TheBlock)