Bitcoin (BTC) rose through $37,000 early Monday as Argentina's presidential election was won by Javier Milei, a pro-bitcoin candidate. The broader crypto market added almost 2% in the past 24 hours.
The artificial intelligence (AI) token sector also gained, adding over 8% amid key, but unrelated, developments in rising AI upstarts. Bittensor's TAO rose 4.2%, adding to a 77% rally over the past week. Ocean Protocol's OCEAN, Fetch AI's FET and SingularityNet's AGIX zoomed as much as 16% in the past 24 hours, outperforming bitcoin and other majors.
"Tomorrow the U.S. Federal Reserve releases its latest meeting notes, which have a tendency to move markets," eToro markets analyst Simon Peters said in a note to CoinDesk. "These minutes give deeper insight into central bank thinking. With inflation slowing, investors are looking for more confirmation that we may be at peak rates."
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