Current Date:February 23, 2025
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First Mover Asia: Bitcoin Hovers Near $23K; Why AI Tokens Are on a Months-Long Tear

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Good morning. Here’s what’s happening:

Prices: Bitcoin spent another day near its most recent $23K support. LDO spikes.

Insights: AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor
Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher can continue.

Prices

CoinDesk Market Index (CMI)
1,086
−12.6 ▼ 1.1%

Bitcoin (BTC)
$22,970
−363.2 ▼ 1.6%

Ethereum (ETH)
$1,655
−31.7 ▼ 1.9%

S&P 500
4,117.86
−46.1 ▼ 1.1%

Gold
$1,886
+8.3 ▲ 0.4%

Nikkei 225
27,606.46
−79.0 ▼ 0.3%

BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)

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