### 🔥🔥🔥 AI Tokens Surge Despite Market Sell-Off

Despite Monday's market downturn, several AI-related cryptocurrencies have shown remarkable performance. The top performers include Fetch.ai (FET), Ocean Protocol (OCEAN), SingularityNET (AGIX), and Arkham (ARKM).

- **Fetch.ai (FET)**: Up 20% in the past 24 hours, now priced at $1.69.

- **Ocean Protocol (OCEAN)**: Rose 15% to $0.68.

- **SingularityNET (AGIX)**: Increased by 15.5%, currently trading at $0.68.

- **Arkham (ARKM)**: Experienced a 16% surge, now around $2.

This rally coincides with the Artificial Superintelligence Alliance's announcement, involving SingularityNET, Fetch.ai, and Ocean Protocol, about initiating the ASI token merger on July 1. The merger had been postponed to July 15.

The surge in AI tokens occurred amid a broader market correction triggered by news that the defunct crypto exchange Mt. Gox plans to repay its creditors $9 billion in July. Historically, such news from Mt. Gox has led to market sell-offs. For instance, last month, Bitcoin's price dropped from $70,000 to $68,500 following reports of a Mt. Gox-associated wallet transferring 140,000 BTC (approximately $9 billion).

Following the latest announcement, #Bitcoin's price fell below $59,000 but later recovered to over $61,000, reflecting a 2% decline in the past 24 hours and an almost 11% drop over the month.

Source: cryptobriefing.com

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