The crypto market has witnessed a remarkable rebound today, led by the upside momentum of AI coins. The global crypto market cap gained 3.21%, with Bitcoin (BTC) and Ethereum (ETH) experiencing notable gains.

AI Coins Rebound Amidst Market Sluggishness

Despite the broader crypto market's bearish trend in recent days, the AI sector's remarkable progress and growing speculation about the convergence of AI and crypto have led to a substantial rebound in AI coins' value.

Top AI Coins Lead the Charge

According to CoinMarketCap's data, top AI coins NEAR Protocol (NEAR), Render (RNDR), and Injective (INJ) have noted significant upside momentum. RNDR leads the pack with an 11.32% increase to $9.17, while NEAR and INJ experienced gains of nearly 6%-10%.

Bitcoin and Ethereum Gain Traction

Simultaneously, Bitcoin gained over 3% to $69,7322, ETH jumped by 2.82% to $3,639, and BNB bumped 2.96% to $626 at press time.

Intersection of AI and Crypto

Senior crypto research analyst at Bitwise, Juan Leon, highlighted the potential of the intersection between AI and crypto, stating, "The intersection of artificial intelligence (AI) and crypto is going to be even bigger than people imagine. The two industries could add a collective $20 trillion to global GDP by 2030."

Attention-Grabbing Developments

The surge in AI coin and altcoin prices comes against the backdrop of attention-nabbing developments, including:

1. Apple's unveiling of its AI, gearing up for the next stage of developments

2. Binance Labs' investment in an AI-enabled zk rollup, Zircuit (L2)

3. Tether's plan to invest over $1 billion in AI over the coming year

4. Nvidia and AMD's pioneering efforts in AI chipmaking

5. BTC miners' diversification into AI ventures

Optimistic Path Forward

These factors collectively underscore a strong relation between the rise in AI coins and crypto prices. The intersection of the two sectors, as seen by the abovementioned ventures, paves an optimistic path for both sectors.