Bitcoin price has been holding steady above the $30k level despite the increasing risks in the crypto industry. On Tuesday, it was trading at $30,230, slightly below the year-to-date high of $31,413. This is a 21% jump from the June low and a 95% increase from the 2022 low.
At the same time, AltSignals has successfully raised over $1 million in its token sale, with 95.23% of the tokens already sold. Each token is going for $0.015, and it will be increased by 25% in the next stage of the sale.
AltSignals is a company that intends to use artificial intelligence to disrupt the financial services industry. It is an already profitable platform and the developers hope to improve it with AI. After the first stage of the token sale, they will list the token on major centralized and decentralized exchanges.
Bitcoin has done very well this year, with a price rise of more than 80%, resulting in a market capitalization of over $587 billion. This is impressive given the various issues that the crypto industry has faced. In May, Terra and its ecosystem crashed, causing other companies like Voyager Digital, Three Arrows and Celsius to collapse. In November, the collapse of FTX resulted in investors losing over $8 billion.
The resilience of Bitcoin and other altcoins has caused them to outperform other financial assets. Gold has risen by less than 10% this year, while the Nasdaq 100 and S&P 500 have risen by 15% and 35%, respectively. The performance of Bitcoin has led Jerome Powell, the head of the Federal Reserve, to believe that it has a lot of staying power.
