Bitcoin briefly breached 75,000, sparking a rally in the altcoin market led by AI and privacy-focused tokens. After the move, AI-related coins such as Virtual Protocol and NEAR rose about 3%, with major privacy coins like ZEC and XMR also advancing alongside Midnight. The stronger narrative is shifting toward real-use applications rather than pure speculation.
Analysts say capital is flowing from speculative trades into infrastructure-backed use cases. OG Labs CEO Michael Heinreich noted that this cycle is driven by actual infrastructure demand rather than simple momentum.
Bitcoin’s rise is linked to resumed ETF inflows, easing geopolitical uncertainty, and short squeezes in the derivatives market. As Bitcoin’s market share falls below 59%, funds rotate into altcoins in a risk-on environment, though observers warn the rally’s durability remains uncertain.
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