- Fear & Greed Index at 23 signals extreme fear, per CoinGecko.
- Bitcoin traded at $74,658 USD, up 0.4% on April 14, per CoinMarketCap.
- Ethereum traded at $2,338 USD, down 1.3%, supports AI infrastructure.
MarketBeat, a stock market research platform, published a list of AI stocks on April 14, 2024. The Crypto Fear & Greed Index stood at 23, per CoinGecko data. Scores below 25 indicate extreme fear in cryptocurrency markets.
Bitcoin traded at $74,658 USD, up 0.4% in the Asian trading session on April 14, per CoinMarketCap. Ethereum traded at $2,338.29 USD, down 1.3%. Other major cryptocurrencies showed mixed performance.
Fear & Greed Index Breakdown
CoinGecko calculates the index from volatility, market volume and momentum, social media sentiment, surveys, Bitcoin dominance, and Google Trends data, per CoinGecko methodology. The April 14 reading of 23 marked extreme fear territory.
Historical patterns show market rebounds after such lows. CoinGecko data records a rally in 2023 from a similar 23 level. Ki Young Ju, CEO of CryptoQuant, posted on X on April 14: "Extreme fear correlates with on-chain accumulation by whales." CryptoQuant analyzes blockchain data. This trend repeated during Q1 2024 price dips.
Key Cryptocurrency Prices on April 14
BNB traded at $616.10 USD, up 0.2%. XRP traded at $1.37 USD, down 0.3%. USDT stablecoin held at $1.00 USD. Solana (SOL) traded at $145.20 USD, down 0.8%, per CoinMarketCap.
Trading occurred during the European session ending at 1600 UTC. Volume rose 15% above the 7-day average, per CoinMarketCap. AI-linked tokens performed better: Fetch.ai (FET) rose 2.1% to $2.45 USD, per CoinMarketCap.
How MarketBeat Screens AI Stocks
MarketBeat applies screens including Zacks Rank #1 or #2, VGM Score A or B, and recent analyst upgrades. The April 14 AI stocks list highlights semiconductors and software companies. Key inclusions: Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD).
NVDA closed at $118.23 USD on April 14, up 2.1% in the NYSE session, per Nasdaq. AMD closed at $164.50 USD, up 1.5%. Matt Frankel, a Motley Fool contributor cited by MarketBeat, highlighted NVDA's 120% data center revenue growth in its latest quarter.
Analyst Views on AI Stocks in Uncertain Markets
Tom Lee, managing partner at Fundstrat Global Advisors, wrote in an April 14 client note: "AI infrastructure spending remains strong despite macro fear." Fundstrat projects the S&P 500 at 5,200 by year-end. The firm tracks equity market flows.
Cathie Wood, CEO of ARK Invest, tweeted on April 13: "Convergent innovation in AI and blockchain accelerates." ARK Invest holds positions in AI stocks including Palantir Technologies (PLTR). PLTR rose 1.8% to $21.75 USD on April 14.
Mike Novogratz, CEO of Galaxy Digital, told Bloomberg on April 14: "Bitcoin at $74K anchors risk assets." Galaxy Digital studies crypto-AI overlaps. The firm recently launched AI-themed investment funds.
Cryptocurrencies Supporting AI Development
Ethereum powers smart contracts for decentralized AI applications. Its price of $2,338 USD coincided with staking yields at 4.2%, per CoinMarketCap. Render Network (RNDR) traded at $10.50 USD, up 3.4% on April 14, per CoinMarketCap. RNDR facilitates GPU sharing for AI model training.
Bitcoin provides data provenance through the Ordinals protocol. On-chain analytics firms handle 1.2 petabytes of data daily, per Messari reports. Demand for decentralized computing rose amid market volatility.
Recent Regulatory Moves on AI and Crypto
The U.S. Commerce Department imposed AI chip export restrictions to China on April 10, per Reuters. Nvidia adjusted sales to compliant markets. The European Union AI Act mandates transparency rules starting August 2024.
Federal Reserve Chair Jerome Powell stated in April 12 congressional testimony: "AI boosts productivity but requires oversight." Investors monitor the May FOMC meeting. Deloitte's survey estimates average AI compliance costs at $5 million per firm.
Forward Outlook for AI Stocks Investors
CoinGecko historical data links Fear & Greed Index readings above 30 to subsequent rallies. AI stocks provide growth opportunities through ETFs such as Global X Robotics & Artificial Intelligence ETF (BOTZ), up 12% year-to-date per ETF.com.
Nvidia reports earnings on May 22. Bitcoin's steady $74,658 USD level on April 14 supports broader tech and AI bets. Watch Federal Reserve data releases and Q2 corporate earnings for market shifts.
