Bitcoin Holds $86K Amid Institutional Demand, AI Tokens Surge

Cryptocurrency markets have been on the rise, with Bitcoin (BTC) maintaining its price above $86,000 for the third consecutive week. This uptrend is attributed to institutional demand, as Bitcoin spot Exchange Traded Funds (ETFs) have seen three weeks of positive inflows.

The easing of Federal Reserve rate-hike expectations for October has also contributed to the bullish momentum, following a weaker-than-expected employment report last week.

Meanwhile, AI tokens such as FET, VIRTUAL, and NEAR have seen a surge in gains, with a capital rotation from DeFi tokens into AI tokens driving the rally.