Let’s Dive Into It!
Happy Monday, dearest readers! Today we’re discussing Trump’s new Treasury secretary and more. Here’s what we’re covering today:
Market Update: Big Caps Index | AI Index
Trump’s Next Treasury Secretary
AI Agents in the Spotlight
What Is Going On with Altcoins?
Market Update: Big Caps Index & AI Write
For the Big Caps Index, it has not been a smooth ride. It failed to hold at its support level, and is dipping down seems to the $890 range. That’s an important point, and we’ll have to see whether it holds.
Also the AI Index is at a tipping point. After a week of steep decline, the $86 support level that was effective in November and December, is now under pressure. A decision is needed soon.
Trump’s Next Pick for Treasury: Scott Bessent
Scott Bessent, a crypto-friendly nominee
President Trump named billionaire hedge fund manager Scott Bessent to replace Steven Mnuchin as the new Treasury Secretary. The sale will include Bitcoin ETF holdings and assets worth over $700 million.
Bessent is recognised for his support for cryptocurrency and tax reform. Challenges as Treasury Secretary would include managing the federal debt and extending tax cuts. کن راننده که همیشه در Pro-crypto است که است.
AI Agents in the Spotlight
What Are AI Agents?
Crypto AI agents are basically software programs adapted to use AI to make decisions and act in the crypto-based environment. They analyze data, identify patterns, and assist in investment decisions and strategies.
How Do AI Agents Work?
These agents employ machine learning and natural language processing to translate data from news, social media, and market trends. AI can also recommend investment strategies and aid with market predictions.
AI Agents’ Applications:
Market: Investment analytics, providing market insights and strategic recommendations
Discussion: Involvement with users in social media & trend analytics
GAMES: крепим вопросами и усовершенствуем игровые процессы.
DeFi: It assists in milleage decision-making in financial nd applications.
Notable AI Agent Projects:
The crypto world has seen a rise in projects such as ai16z, Virtuals, AIXBT etc.
Market cap of $13.5 billion in 2024: The AI Agent
By 2025 predictions indicate that the AI agent market may hit $250 billion.
That said, not every AI agent will succeed, and there are risks of scams in the market.
What’s Up with the Altcoins?
Where Are the Altcoins?
Bitcoin performed strongly, yet altcoins are in trouble. (calendar effect) and that a lot of investors, who lost money in earlier bear markets, haven’t yet returned, while some others are being selective and focusing on Bitcoin;
The arrival of Bitcoin ETFs has also shifted focus from altcoins. The focus on the cryptocurrency market remains bitcoin, while altcoins have been left behind.
Delays of an Altseason: Why We Haven’t Experienced an Altseason?
There are a few reasons:
Many investors haven’t yet recovered from losses during the last bear market.
Bitcoin’s dominance didn’t fall, keeping altcoins from moving up.variant
The capital has poured into Bitcoin, so no to the altcoins.
What’s Next for Altcoins?
If capital flows to quality projects, altcoins may still pump. But for now, the altcoin market remains lagging.
The Future of Altcoins:
It may renown in later than norm, but it “will” likely take place when investors divert their consideration to quality altcoins. It could also be closer to a proper altseason and certainly a new trend, similar to how the crypto market continues to mature.
Thanks for reading! More market, AI, and crypto updates coming soon, everyone.