At the Davos World Economic Forum, Richard Teng, a key industry figure, underscored the role of cryptocurrency in financial democratization and women’s empowerment during a session with The Female Quotient. His remarks appeared to have an immediate impact on the crypto market, as Bitcoin (BTC) surged by 1.63% and Ethereum (ETH) saw a 0.95% increase within two hours of his statement.

The positive sentiment following Teng’s speech was reflected in Bitcoin’s price movement, which climbed from $42,500 to $43,200 within a short period. Ethereum also followed the trend, moving from $2,100 to $2,120. Alongside these price gains, major cryptocurrency exchanges reported a notable uptick in trading volumes, suggesting increased investor enthusiasm sparked by Teng’s advocacy for digital assets as tools of financial inclusion.

Technical indicators further supported the bullish momentum, with Bitcoin’s Relative Strength Index (RSI) rising from 55 to 62, pushing the asset closer to overbought territory. Market analysts pointed to the speech as a key driver of optimism, reinforcing cryptocurrency’s potential role in shaping future economic policies. Altcoins also benefited from the market movement, with Chainlink (LINK) and Aave (AAVE) recording gains of 2.5% and 1.8%, respectively.

The event also coincided with a surge in AI-related tokens, as AI-powered trading platforms like SingularityNET (AGIX) and Fetch.ai (FET) reported heightened trading activity. The intersection of artificial intelligence and blockchain technology continues to attract investor attention, further fueling the ongoing crypto rally. With Teng’s speech amplifying discussions on crypto’s role in global finance, market participants remain optimistic about the sector’s long-term growth potential.