Will Bitcoin Reach New Highs?

CoinDesk 20 Index: 2,043.76 +1.57%Bitcoin (BTC): $64,424.83 +0.77%Ether (ETH): $2,594.12 +2.11%S&P 500: 5,859.85 +0.77%Gold: $2,652.24 +0.11%Nikkei 225: 39,910.55 +0.77%

The rally recorded by bitcoin (BTC), which rose above 66 thousand dollars for the first time in three weeks yesterday, has started to calm down.

BTC, which is generally between $65,200 and $65,800 today, increased by approximately 0.9 percent in the last 24 hours. The overall crypto market, as measured by the CoinDesk 20 Index, is up 1.5%. Although attention is focused on vice president Kamala Harris, who is expected to explain how she will handle digital assets during her possible presidency, Harris did not touch on crypto, blockchain or digital assets in her speech yesterday.

Bitcoin exchange-traded funds (ETFs) recorded inflows of $555.86 million last night, according to SoSoValue data.

The asset class, which last rose this much on June 4 with an inflow of $ 886.75 million, saw the highest figure in several months.

As CoinDesk previously reported, a technical indicator called the “three-line breakout chart” shows bitcoin could be on track to surpass $73,000, signaling a return to an uptrend after months of back-and-forth price action.

SingularityDAO plans to team up with Cogito Finance and SelfKey to create a combined project focused on tokenizing the artificial intelligence (AI) economy.

According to the announcement shared with CoinDesk today, Singularity Finance will develop a layer-2 network to tokenize assets such as GPUs and offer artificial intelligence-supported financial instruments.

With the planned partnership, SelfKey’s existing token KEY is expected to transform into Singularity Finance’s new token SFI. SingularityDAO’s SDAO and Cogito’s CGV will merge with SFI at rates of 1:80.353 and 1:10.89, respectively. This process will be subject to change based on stakeholder discussions.

According to Google Search results, the search rate for the term “bitcoin” dropped below 20, the lowest level of the year. Bitget Research analyst Ryan Lee: “Interest in the term Bitcoin last dropped to 20 at the end of January and the beginning of February. Afterwards, the BTC price jumped from $41,000 to $71,500, and the cryptocurrency reached its peaks after a month and a half.”Source: Google Trends