AI Coins and Ether Capture Bitcoin’s Attention in July 2025

Your daily briefing reveals that Bitcoin (BTC) is riding a bullish wave, achieving record values across multiple exchanges. Despite this excitement surrounding BTC, AI cryptocurrencies are showing impressive gains as well.

Major Developments

• BTC Price: BTC trades at $111,068.14, marking a significant increase of 1.99%.
• AI Tokens Surge: Prominent tokens related to artificial intelligence such as TAO, ICP, RENDER, and FET have surged up to 8% over the last 24 hours.
• Nvidia’s Impact: The chip manufacturer Nvidia reached a market cap of $4 trillion, marking a historic achievement, demonstrating the substantial influence of AI on the broader market.

“The size and success of this giant, and the other US tech behemoths, underscores how much the AI trade can overwhelm the market’s response to week-to-week fluctuations in economic data and policy headlines,” Lisa Abramowicz stated on X.

• Ether (ETH): The second-largest cryptocurrency recently outperformed BTC amidst impressive trading volumes through BlackRock’s spot ether ETF.
• Potential Hotness of AI: There’s a positive sentiment that the AI sub-sector of the crypto market could heat up significantly in the near future.

Watchlist for July 10

• Crypto: The Polygon blockchain’s Heimdall hard fork is activating, boosting efficiency.
• Macro: The U.K.-France Summit is underway, involving discussions on defense cooperation and migration management.
• Upcoming Navy Hearings: Various hearings are scheduled questioning the structures governing digital commodities in the US.

Conclusion

Traders should remain cautious as macroeconomic factors can induce volatility. As QCP Capital noted: volatility is likely to spike rise as global economic tensions intensify.

Stay alert and keep an eye on the market activities!