Decred (DCR) surged 16% to $34.58, reaching the highest level since November last year, outperforming the broader market, while Bitcoin hovers around $67,000. The rally was driven by changes in U.S. Treasury Department regulations in February. Meanwhile, market sentiment remains cautious, with an increase in put options buying and a decrease in open interest in futures contracts, indicating a strong bearish sentiment. Additionally, DFINITY proposed to allocate 20% of Internet Computer (ICP) revenue to create deflation, which boosted ICP's price by about 6% to around $2.56, partly due to Nvidia's earnings report boosting positive sentiment in the AI industry.
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Decred (DCR) surged 16% to $34.58, reaching the highest level since November last year, outperforming the broader market, while Bitcoin hovers around $67,000. The rally was driven by changes in U.S. Treasury Department regulations in February. Meanwhile, market sentiment remains cautious, with an increase in put options buying and a decrease in open interest in futures contracts, indicating a strong bearish sentiment. Additionally, DFINITY proposed to allocate 20% of Internet Computer (ICP) revenue to create deflation, which boosted ICP's price by about 6% to around $2.56, partly due to Nvidia's earnings report boosting positive sentiment in the AI industry.