# The AI x Crypto Cycle

*Author: Bankless*
*Published: Mar 6, 2024*
*Source: https://www.bankless.com/es/read/the-ai-crypto-cyycle-narrative*

---

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/coin_guy_2-49--8--1.png)](https://www.bankless.com/sponsor/synfutures-1709588086?ref=this-is-the-ai-x-crypto-cycle&email=true)

  

   The AI x Crypto Cycle
    
  

  
  Published on Mar 6, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

---
[**Sponsor: SynFutures**](https://www.bankless.com/sponsor/synfutures-1709588086?ref=this-is-the-ai-x-crypto-cycle&email=true) — Trade perps on SynFutures V3 and earn 3X airdrop rewards: 

[Trade on SynFutures V3](https://www.bankless.com/sponsor/synfutures-1709588086?ref=this-is-the-ai-x-crypto-cycle&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
  Smashed ETF Records
  
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/Group-14--49-.png)](https://www.bankless.com/dashboard)- **🟠 Bitcoin smashes ETF record. **Bitcoin ETFs did [$10 billion in volume](https://x.com/EricBalchunas/status/1765121689036427654?s=20) yesterday, in a volatile day of trading that took BTC to all-time highs.
-  🪱 **Wormhole airdropping 617M tokens.** Wormhole confirmed its token plans today, detailing a 6% airdrop and [providing an eligibility checker](https://x.com/wormholecrypto/status/1765459330965602722?s=20).
- 🇪🇸 **Spain going after Worldcoin.** Spain is trying to block Worldcoin from operating there, [ordering them to stop](https://www.ft.com/content/204c1c81-7a6f-4a6a-907e-8782b9d1bed2) using data collected in the country.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Crypto's Leverage Wipeout
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/image---2024-03-06T151007.802.png)](https://www.bankless.com/crypto-leverage-wipeout)**📊 Nature is Healing.** Crypto prices are back on the offensive after yesterday’s broad market pullback, with Bitcoin gaining steam to yet again position itself within reach of achieving new all-time highs!

For the past week, crypto markets had been signaling that prices were overextended and due for a correction, and yesterday’s leverage wipeout facilitated the much anticipated return to equilibrium. ***Should you take the opportunity to get long? ***

*Read on for more market analysis + our favorite chart and tweet of the day *👇

[Unlock Citizen-Only Analysis](https://www.bankless.com/crypto-leverage-wipeout)

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.51T
       

  
    
    ↗ 10.3%
    
  

   
    
    ↗ 13.6%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $67,283
       

  
    
    ↗ 7.7%
    
  

   
    
    ↗ 11.5%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,877
       

  
    
    ↗ 13.2%
    
  

   
    
    ↗ 17.7%
    
  

  

.  .  .

 
  
    

    OPINION

  
  
    
   
  This is the AI x Crypto Cycle
  
  
   
     
     Bankless Authors: 
     
      [
       
       David Hoffman](https://twitter.com/TrustlessState)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/03/image---2024-03-06T135516.695.png)](https://www.bankless.com/this-is-the-ai-x-crypto-cycle)**Every bull market cycle gets defined by the mania it incubated. **

- ***2013*** was the “Proof of Work fork-and-fair-launch” era
- ***2017*** was the ICO mania
- ***2021*** was the NFT bubble
I’m calling it now: The 2024 cycle will be remembered as the AI x Crypto cycle. 

*See what opportunities David is bullish on* 👇

[Read the Full Analysis](https://www.bankless.com/this-is-the-ai-x-crypto-cycle)

---