Analysts: Bitcoin's pullback prompts investors to turn to DeFi and AI concept tokens like HYPE and ai16z

2024-12-28 00:05:06
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ChainCatcher news, according to The Block, analysts point out that as Bitcoin prices adjust, more and more investors are beginning to focus on AI-driven investments and high-performance DeFi platforms. Bitget's chief analyst Ryan Lee stated that these emerging fields are becoming new frontiers for growth. For example, HyperLiquid's HYPE token has risen over 15% in the past 24 hours, while the AI-driven venture capital DAO token ai16z has increased by 8% in the same period.

Although emerging technologies and decentralized platforms offer exciting opportunities for investors, the strengthening of the US dollar has put pressure on digital asset prices. YouHodler's market director Ruslan Lienkha pointed out that higher interest rates make bonds and US Treasury securities more attractive to international capital, thereby pushing up the value of the dollar. This has led to a reduction in available capital for risk assets like Bitcoin, potentially resulting in capital outflows.

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