As Bitcoin attempts to hold onto the $22,000 psychological support, the crypto AI sector outperformed yield farming and outperformed Bitcoin with gains of over 12% over the past 24 hours.
The total market cap of the AI sector is currently $4.08 billion, with a volume of $838 million in the last 24 hours.
Data stream aggregator The Graph leads the sector with a market cap of $1.42 billion, while SingularityNET has seen the biggest gains, up 16.2% over 24 hours.
AI sector
The move came as Bitcoin’s volatility spiked on Feb. 14, recovering in the $21,572-$22,322 range.
Earlier in the day, the best performing sector was yield farming. However, as Bitcoin rallied, so did the AI sector, suggesting a stronger correlation between AI and Bitcoin than between Bitcoin and yield farming.
The total market cap of the yield farming sector is currently $5.13 billion, with a volume of $869.79 million in the last 24 hours. DeFi protocol Uniswap leads the sector with a market cap of $4.85 billion, while Trader Joe has seen the biggest gains, up 4.15% in 24 hours.
yield farming sector
yield farming sectorIn the last 24 hours, BTC is up 1.91% in dollar terms at press time. However, the top cryptocurrency does not appear to be the market leader as UNI is up 1.46% against Bitcoin over the same period.
UNI BTC
(Source: TradingView)
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