$BTC is down to start the week while 'X'-named tokens enjoyed surges following elonmusk's rebranding of Twitter. By JamieCrawleyCD and godbole17.
Bitcoin is down to start the week, dropping to around $29,300, a decrease of 1.92% in the last 24 hours, which measures the performance of the broader digital asset market, is also in the red, down 2.38% at 1,266.87. BTC’s trading range is still relatively narrow, reflecting the cautious stance of investors.
. One token, related to a project that shut in May, jumped as much as 1,200% while the new “AI-X” token opportunistically issued over the weekend following Musk’s announcement jumped 10-fold. “Meme coins are huge parts of the crypto trading landscape, whether we like it or not,” James Wo, founder at crypto fund DFG, told CoinDesk at the heights of one such meme obsession.
Worldcoin, the crypto project of ChatGPT founder Sam Altman, has gone live with its token WLD surging 62% to $2.60,
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