Bitcoin, Ethereum, XRP Set for Monster Rally on Potential Fund Rotation
A surge in market activity has some predicting that Bitcoin (BTC), Ethereum (ETH), and XRP are set for a massive rally, as traders eye a potential fund rotation out of AI firms.
The Clarity Act, expected to attract long-term investment, is seen as a major regulatory win for the US and other jurisdictions. This has led to increased capital inflows into risky assets, with Bitcoin and Ethereum recording significant gains alongside key crypto stocks like Coinbase and American Bitcoin.
FRNT Financial CEO Stephane Ouellette noted that there's a chance of a breakout with a decline in AI trades, which has been influencing the market. The total AI coin market cap has dropped to $22.1 billion, with Near Protocol, Bittensor, and Internet Computer posting losses.