- Bitcoin Searching for Bottom
- Artificial Superintelligence Alliance (ASI) and FET Coin Impact
- Expectations for NEAR Protocol and Render (RNDR) Coin
Bitcoin's price continues to search for a bottom, reaching $61,470. The NVIDIA earnings report expected tomorrow may cause fluctuations in the altcoin market.
Bitcoin Searching for Bottom
As expected, Bitcoin's price recently fell to $61,470 following another failed resistance test. This drop was not surprising as prices have continued to retreat quickly after resistance attempts over the past months. Those who have lost hope in a rapid rise have been using peak values for short-selling.
Artificial Superintelligence Alliance (ASI) and FET Coin Impact
The Artificial Superintelligence Alliance (ASI) was formed by merging three major AI tokens and made quite a splash. NVIDIA earnings reports make these altcoins and the current unified token highly sensitive. For example, before the previous announcement, the FET Coin price dropped to $1.9 but rose to $2.5 the next day. The daily chart is relatively favorable for further increases, but a new BTC drop could overshadow even a good earnings report.
Expectations for NEAR Protocol and Render (RNDR) Coin
Added to the AI trust by Grayscale, NEAR Protocol is among the altcoins that could price in this development. It experienced double-digit growth in the last 7 days due to earnings report excitement. Although it tried to surpass $5.03, the altcoin fell to $4.91. If the upward momentum continues, it could accelerate towards $5.7. In a bearish scenario, the possible target will be $4.24.
The anticipated NVIDIA earnings report scheduled for tomorrow may have a significant impact on the altcoin market. Some experts expect further growth, but sharp price fluctuations are also possible.
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