FameEX Morning Crypto News Recap | February 4, 2024

AI Cryptocurrency Market Value Surges by $1.07 Billion in 12 Days, Fueled by Bittensor's Growth

The artificial intelligence (AI) cryptocurrency market cap experienced a significant boost, climbing from $6.08 billion to $7.15 billion within a mere 12 days. This remarkable growth is largely credited to bittensor (TAO), which registered a striking 31.6% rise against the U.S. dollar over the last week, showcasing the sector's dynamic expansion.

Approaching Bitcoin's Fourth Halving: Anticipated Changes in the Cryptocurrency Economy

With less than 80 days until Bitcoin's fourth halving, the crypto community is abuzz. This event will reduce the block reward from 6.25 to 3.125 bitcoins, sparking heightened market speculation. Observers are keenly watching to see if the 2024 halving will follow historical trends or chart a new path in Bitcoin's price trajectory.

Grayscale's GBTC Bitcoin Assets: $6 Billion Decline Over 22 Days

Grayscale's Bitcoin Trust (GBTC) experienced a notable reduction in its bitcoin holdings, with a decrease of 4,254.75 bitcoin in a single day. From January 12, 2024, GBTC has sold off 138,742.56 bitcoin, totaling a value of just over $6 billion, reflecting significant movements in its cryptocurrency investments.

NFT Collections Fuel Market Rebound, Achieving a 3.74% Rise in Weekly Sales

In the past week, NFT sales have seen a notable increase of 3.74% compared to the preceding week, with total sales reaching $236,234,800. This recent surge marks a significant departure from the previously observed trend of consecutive declines in NFT sales, suggesting a potential reversal in the market's recent downward trajectory.

'Rich Dad Poor Dad' Writer Robert Kiyosaki Predicts Imminent Crash in Stock and Bond Markets

Robert Kiyosaki, famed for 'Rich Dad Poor Dad,' has reiterated his warning of an impending crash in the stock and bond markets. He critiques the misplaced optimism in the economy, driven by rising stock prices, cautioning investors against being deceived. Kiyosaki recently raised concerns that the forthcoming crash could escalate into a depression, urging vigilance among investors.

Investment Expert Jim Rogers Discusses Cryptocurrency: Doubts on Bitcoin's Future as Money, Government Preference for Central Bank Digital Currencies

In a recent interview, investment veteran Jim Rogers predicted imminent issues for the U.S. economy and stressed that governments will not accept any threats to traditional fiat currencies from cryptocurrencies. He pointed out the government's preference for Central Bank Digital Currencies (CBDCs), highlighting their resistance to alternatives.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.