Jumat, 07 Februari 2025

🤔Bitcoin slumps, Palantir soars—what’s up?


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Your Daily Digest of the 🔥Hottest News in Crypto

Today's top stories:

🤔 Bitcoin slumps, Palantir soars—what's up?

👉 Czech president signs 'landmark' crypto bill: CKMA

🎧 Solana app memecoin revenues soar 213% - but for how long?

📰 Keep reading to find out about all of today's top stories and more

Bitcoin slumps as tech giant Palantir (PLTR) rallies to new highs — What gives?

Palantir Technologies (PLTR), a publicly traded North American company specializing in data analytics, made headlines after its stock surged to an all-time high of $109.60 on Feb. 6. The impressive 356% gain in 12 months outpaced the 121% rise in Bitcoin's price over the same period.

Investors are now questioning whether the tech company will continue to outperform Bitcoin and whether the factors driving the bullish momentum in Palantir's shares remain intact.

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Czech president signs 'landmark' crypto bill: CKMA

Czech President Petr Pavel has reportedly signed a "landmark" cryptocurrency legislation into law, providing Czechia with regulatory clarity on digital assets that are aligned with broader European Union laws.

According to a translated blog post by the Czech Cryptocurrency Association, also known as CKMA, the new legislation simplifies crypto tax rules and implements the EU's Markets in Crypto-Assets (MiCA) regulation "in a way that supports innovation and development of the entire industry."

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AI tokens down up to 90% from 2024 highs

Tokens tied to artificial intelligence agents are down by as much as 90% from 2024 highs, according to data from CoinGecko.

Top agentic AI platforms — including AI Rig Complex (ARC), ElizaOS (AI16Z) and Virtuals (VIRTUAL) — shed between roughly 75% and 90% of market capitalization since January, according to data from CoinGecko.

Agentic AI tokens, which clocked massive gains in the fourth quarter of 2024, are among the biggest losers of the cryptocurrency market's drawdown, which started in January.