Market Update 12th September 2024
By Manoj Dharra
Bitcoin surged past $58,000 on Thursday, boosted by gains in U.S. tech stocks and Asian markets, with Nvidia up 8.2% and Microsoft, Google, and Apple each rising over 2%.
Despite Bitcoin’s rally, U.S. spot Bitcoin ETFs saw a $43 million outflow, led by Ark Invest’s $54 million ARKB outflow.
Layer-1 blockchain Sui (SUI) climbed nearly 16%, outperforming 3verse’s IC15 index, possibly aided by Grayscale’s move to create a Sui Trust.
AI tokens like FET and NEAR also rose, following news that OpenAI aims to raise $6.5 billion at a $150 billion valuation.
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