QCP traders predict Bitcoin will surge to $100,000, a 10% increase from its current record, in the coming months, driven by anticipated U.S. regulatory changes and institutional adoption, which could trigger an "alt season" where altcoins benefit from the gains, despite concerns about overvaluation and potential market corrections.
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AI and big data tokens' market capitalization surged 131% to $42.13 billion, driven by Bitcoin's rally and growing investor confidence. Artificial intelligence and big data tokens have seen their market capitalization soar by 131.35% since hitting their lowest point of the year on June 8, riding the momentum of Bitcoin's ongoing bull run.
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The Indian IT services sector faces several structural challenges, including declining growth rates and increasing competition from global players and domestic captives, according to Sumeet Jain, India Technology Senior Research Analyst, CLSA. CLSA turned “cautiously optimistic” over the sector just a couple of days back, largely because of the US election outcome.
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