Bitcoin, the biggest cryptocurrency in the world, has surged above $26,000 for the second time this week, with a 7.5% increase in the last 24 hours. The coin has been trading between $24,000 and $26,700 over the past week, with investors returning to add bitcoin, as stated by Galaxy Digital's Head of Firmwide Research, Alex Thorn. Thorn expects significant demand as bitcoin exceeds $25,000. In addition, Ether has seen a rise of 5.1% in the past 24 hours and 20% over the last seven days.
Bankrupt lender, Genesis, has requested a May 22 deadline for creditors to state how much they are owed and a June 27 auction deadline, according to court filings. Bidders interested in buying Genesis would need to show interest by May 5. The sale would consist of Genesis Global Capital and Genesis Asia Pacific, alongside Genesis Global Trading, which has not filed for bankruptcy. Digital Currency Group, a crypto conglomerate that owns CoinDesk, oversees all three companies.
Tokens associated with artificial intelligence have had a strong week with The Graph's GRT seeing a rise of 30%, and SingularityNET (AGIX) increasing by 45%. AI-related tokens have rallied following the release of ChatGPT's latest version of the technology that powers the popular chatbot tool. OpenAI, the company behind ChatGPT, announced the release in a blog post on Tuesday, stating that the latest version can pass a simulated bar exam with a score in the top 10% of test takers. SingularityNET is a blockchain-based decentralized AI marketplace, while The Graph is an open-source indexing platform used for collecting, processing, and storing data from various blockchain applications.