Bitcoin (BTC) price has recorded an impressive rally this week, recording milestones that merited BTC for headlines across crypto news sites and X. However, the rally has lost steam as the king of cryptocurrency now confronts a supply barrier.
Floki (FLOKI) developers will float a proposal to burn 2% of the token’s circulating supply to increase scarcity and bump network security for the dog-themed crypto platform.
Bitcoin’s (BTC) price rally catalyzed gains in several other tokens, fueling narratives like Artificial Intelligence (AI), Layer 2 chains, and meme coins. Alongside Bitcoin’s recent surge, the rising development activity in AI tokens is likely to become a catalyst that could drive gains for these assets.
