AI, Privacy Coins Lead Altcoin Rally as Bitcoin Tops $75K
Altcoins in the artificial intelligence and privacy sectors surged following Bitcoin's rally past $75,000, signaling a risk-on rotation in crypto markets. Privacy coins like Zcash rose 17.9%, Midnight 4.1%, and Monero 3.3%. AI tokens such as Virtuals Protocol and Near Protocol climbed 3.8% each, while Bittensor, Render, and Artificial Superintelligence Alliance posted major weekly gains. Experts attribute the move to renewed macro liquidity, resumed institutional Bitcoin ETF inflows, positive geopolitical news, and short squeezes. The cycle is reportedly driven by real infrastructure demand—AI requires blockchain settlement layers and decentralized compute, while privacy tools address confidential data handling needs. Bitcoin’s dominance slipping below 59% further reflects rotation into utility-focused tokens over speculative assets. Despite lower spot trading volumes and some skepticism about a sustained “alt season,” sentiment for AI and privacy tokens remains positive in the short term, contingent on broader macroeconomic developments.
