Internet Computer has spent the better part of the past two years trading inside a steep descending channel, with every recovery attempt eventually giving way to another lower high. Even today, the ICP price remains stuck near $2.5, a fraction of its previous cycle highs, despite showing signs of stabilizing in recent weeks.
ICP sees double-digit gains as the crypto market suffers $53B in outflows.
Bitcoin has fallen below the $70,000 mark, declining approximately 12% over the past two weeks. Despite the broader cryptocurrency market correction, several leading AI-focused crypto tokens have delivered impressive gains, signaling a growing investor shift toward decentralized artificial intelligence infrastructure.