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Bitcoin, FET & Crypto – European Wrap 5 October

Bitcoin, FET & Crypto – European Wrap 5 October

Bitcoin (BTC) holds the $86,000 mark at the time of writing on Monday after three consecutive weeks of gains over 12% since mid-September. Institutional demand supports the bullish price action, with BTC spot Exchange Traded Funds (ETFs) recording the third week of positive flows. Meanwhile, easing Federal Reserve (Fed) rate-hike expectations for October after a weaker-than-expected employment report last week support the Crypto King’s upside momentum. 

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AI tokens, including Artificial Superintelligence Alliance (FET), Virtuals Protocol (VIRTUAL), and NEAR Protocol (NEAR), are leading gains over the last 24 hours. This suggests a rotation of capital from previously favored DeFi tokens into AI tokens. The technical outlook for FET,…

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