- Bitcoin (BTC) was trading sideways during the session, while altcoins showed more pronounced strength.
- The AI and big data sector surged 10.27%% from a day earlier, while Near Protocol (NEAR) jumped 28.54%% to trade at $2.24.
- CoinDesk said easing Bitcoin volatility was prompting speculative capital to rotate into altcoins, with the AI sector emerging as a key beneficiary.
Forecast Trend Report by Period
Bitcoin (BTC), the largest cryptocurrency, traded sideways during the session, while gains were more pronounced across altcoins.
As of 7:30 p.m. Seoul time on May 22, the artificial intelligence and big data sector had jumped 10.27% from a day earlier, according to CoinMarketCap.
Near Protocol (NEAR) led the advance, surging 28.54% to $2.24. Internet Computer (ICP), Render (RENDER), Venice Token (VVV), Injective (INJ), Virtual Protocol (VIRTUAL) and Fetch.ai (FET) also traded higher during the session.
The strength in AI-related tokens came as Bitcoin held in a tight range. Bitcoin was up 0.13% on the day at $77,222 at the same time. CoinDesk attributed the move to easing volatility in Bitcoin, saying some speculative capital was rotating into altcoins and that the AI sector had emerged as a leading beneficiary.
