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Maybe the Nvidia AI chip-making tech-stock narrative has helped throw a little bit of interest the way of the crypto market.As Eddy Sunarto reported in his Market Highlights update on Friday morning: “Overnight, Wall Street rebounded as chipmaker Nvidia ignited a rush for AI and tech stocks. At the close, Nasdaq was 1.7 per cent higher, and the S&P 500 rose 0.88 per cent.”For the latest crypto news, sign up here for free Stockhead daily newslettersThe fact that Wall Street stonks have bounced as a whole, though, might merely be having the usual knock-on positive effect for the crypto market.Per a CoinDesk article Friday morning meanwhile, the Nvidia surge might well prove to be a reminder to Bitcoin mining firms that AI tech should not be overlooked as a potentially extremely powerful integration into to their computational mining operations.“The overwhelmingly positive market reaction” to Nvidia’s news “will incentivise more mining companies to follow suit making announcements of their own and allocating more of their power capacity to other forms of compute,” Ethan Vera, chief operating officer at mining services firm Luxor Technologies told CoinDesk.Meanwhile, still aping off Eddy’s morning update, this also caught Coinhead’s eye:“Analysts believe that if the debt ceiling drama gets uglier, it could lead to some safe-haven flows for bullion.”Bitcoin is widely regarded by the crypto industry as a store-of-value, safe-haven asset itself and Gold 2.0, remember. It’s also becoming, more and more, part of the political conversation – especially at a presidential-race level.MORE FROM STOCKHEAD: DeSantis makes BTC election issue | Hong Kong firms as crypto hub | You got to know when to HODL ‘em …Top 10 overviewWith the overall crypto market cap at US$1.15 trillion at noon on Friday (AEST), up about 0.4 per cent since the same time Thursday, here’s the state of play among top 10 tokens – according to CoinGecko.Other than the fact Polygon’s MATIC has once again well and truly booted Ethereum competitor Solana (SOL) out of the top 10 cryptos by market cap, there’s not loads to talk about regarding the crypto majors today.That said, BTC and Ethereum have both retained key levels for the minute – $US26,200 and $US1800 respectively.That BTC level is of key importance to many crypto technical analysts out there at the moment, as it happens to pretty much coincide with the 200-week moving average line of support, which Rekt Capital, for one, certainly regards as imperative to hold and bounce from if a bullish thesis is to stand any chance whatsoever.More than, that, however, he feels that bounce needs to move above $US26,800. Considering BTC was all the way back around $US25,800 as most Aussies were nodding off to sleep last night, this isn’t a bad bounce so far. That said, momentum on it seems to have faded a tad.How’s Mr Low Volume doing? That’s be US trader/analyst Roman. Yep, he’s still eyeing a more positive short-term outcome for BTC than the likes of veteran trader Peter Brandt.Uppers and downersSome of the biggest 24-hour gainers and losers at noon Friday (AEST). Stats based on CoinGecko.com data.PUMPERS (11-100 market cap position) marumaru (MARU), (market cap: $US538.5 million) +12.3 per cent Casper Network (CSPR), (mc: $US540 million) +5.3 per cent Litecoin (LTC), (mc: $US6.34 billion) +3.6 per cent Stacks (STX), (mc: $828 million) +3.5 per cent Pepe (PEPE), (mc: $US605 million) +3.3 per cent PUMPERS (lower, lower caps) CyberHarbor (CHT), (market cap: $US147 million) +71.7 per cent Function X (FX), (mc: $US132 million) +41.4 per cent Akash Network (AKT), (mc: $US93 million) +26.6 per cent Level (LVL), (mc: $US33 million) +26.1 per cent Numeraire (NMR), (mc: $US104 million) +22 per cent Visit Stockhead, where ASX small caps are big dealsSLUMPERS (11-100 market cap position) NEO (NEO), (market cap: $US681 million) -9.6 per cent Kava (KAVA), (mc: $US575 million) -3.3 per cent Radix (XRD), (mc: $US704 million) -4 per cent Toncoin (TON), (mc: $US2.8 billion) – 2.9 per cent Algorland (ALGO), (mc: $US1 billion) – 1.9 per centSLUMPERS (lower, lower caps) Samoyedcoin (SAMO), (market cap: $US22 million) -38.4 per cent Multichain (MULTI), (mc: $US80 million) -19.5 per cent UTrust (UTK), (mc: $US44 million) -19 per cent Shardus (ULT), (mc: $US69 million) -15 per cent Bella Protocol (BEL), (mc: $US45 million) -12.5 per centAround the blocks Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.This content first appeared onstockhead.com.auSUBSCRIBEGet the latest Stockhead news delivered free to your inbox. Click here
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