• Major cryptocurrencies like Ether, Solana, and XRP showed slight losses over the past 24 hours, despite a general uptick over the weekend.

• AI-related tokens like Artificial Superintelligence Alliance's FET and Bittensor's TAO led the market gains, rising 8.8% and 4.7% respectively, ahead of Nvidia's anticipated earnings report.

• The broader market, represented by the CoinDesk 20, remained flat, with expectations of continued market improvement due to potential rate cuts and economic stabilization.

Bitcoin (BTC) slid under the $64,000 level in Asian trading hours Monday, after a 5% bump on Friday following favorable comments from Jackson Hole.

U.S. Federal Reserve Chairman Jerome Powell said on Friday that a monetary easing cycle will begin next month - easing headwinds around risk assets as the lure of cheap money helped buoy prices.

Major tokens jumped through Saturday, but registered slight losses in the past 24 hours. Ether (ETH) traded just over $2,700, while Solana’s SOL and xrp (XRP) were changing hands at $158 and 58 cents, respectively. Meanwhile, while Tron’s TRX jumped 3% as an ongoing memecoin frenzy continues to add demand for the token.

The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens by market capitalization, was lower by 0.44%.

Traders said they expect the current rally to continue in the next few months.

“As inflation is more or less under control now, the market focus will shift to the labor market and on whether Fed will successfully deliver a soft landing for US economy,” Lucy Hu, senior analyst at Metalpha, told CoinDesk in a Telegram message Monday. “We expect the market sentiment will continue to improve in the next few months as rate cuts are on the way while the economy stabilizes and potential crypto-friendly policies if Trump gets elected.”