AI, privacy altcoins rally amid Bitcoin rebound, analysis suggests

AI and privacy-focused altcoins are posting significant gains amid a Bitcoin-led market recovery, Decrypt reported. Experts have noted that capital is rotating into narrative coins with tangible utility rather than memecoins. Andri Fauzan Adziima, a senior researcher at Bitrue, said the decline in Bitcoin's market dominance below 59% signals a growing appetite for risk. He pointed to gains over the past week, with TAO up 37%, RENDER up 25%, and FET up 53%. Adziima added that privacy coins like Monero (XMR) and Zcash (ZEC) have also rallied, driven by demand for confidential data processing in AI applications. However, PrimeXBT senior analyst Jonathan Landin cautioned that the recent Bitcoin rally has occurred on declining spot trading volume, suggesting weaker buying momentum than the breakout attempt on March 4.