Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms

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Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms
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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Bitcoin surpassed $58,000 during Asian trading hours, influenced by a rally in U.S. tech stocks and positive movements in Asian equities.

AI tokens posted modest gains amid reports that OpenAI is planning to raise $6.5 billion at a $150 billion valuation.rose above $58,000 during the Asian morning hours on Thursday on the back of a rally in U.S. technology stocks and gains in the Asian equity market. U.S. inflation data for August supported bets for a Federal Reserve rate cut in coming weeks as core inflation rose faster than expected to more than 0.3%.

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