#BTC #ETH #YFI #WLD #etf Bitcoin Exceeds $37,000 on the Outcome of the Argentina Presidential Election as Analysts Concentrate on Fed Notes:
Crypto markets added some 2% in the past 24 hours, with the artificial intelligence-focused token sector driving the most gains for weekend traders.
Bitcoin broke above $37,000 early Monday on the back of the appointment of Javier Milei, a pro-bitcoin candidate, as the President of Argentina.
The artificial intelligence (AI) focused token sector added over 8% amid key, but unrelated, developments in rising AI upstarts.
However, some traders warn of a market reaction after Federal Reserve meeting notes are released Tuesday, ahead of an expected low-liquidity environment toward the end of this working week.
Bitcoin (BTC) rose through $37,000 early Monday as Argentina's presidential election was won by Javier Milei, a pro-bitcoin candidate. The broader crypto market added almost 2% in the past 24 hours.
The artificial intelligence (AI) token sector also gained, adding over 8% amid key, but unrelated, developments in rising AI upstarts. Bittensor's TAO rose 4.2%, adding to a 77% rally over the past week. Ocean Protocol's OCEAN, Fetch AI's FET and SingularityNet's AGIX zoomed as much as 16% in the past 24 hours, outperforming bitcoin and other majors.
" With inflation slowing, investors are looking for more confirmation that we may be at peak rates."
"Also on Tuesday, Nvidia is reporting its latest results. The firm has become a poster child for the AI revolution as the 'picks and shovels' play for investors. Crypto assets are likely to be responsive to the firmโs announcements," Peters said.
Peters also warned of low liquidity toward the end of the week as U.S. financial markets close Thursday for Thanksgiving and Black Friday kicks off the holiday shopping season. Thin trading volumes can create volatility in markets.
