Following Bitcoin’s (BTC) sharp drop on Monday, an analyst has pointed to technical indicators suggesting the asset could fall below the crucial $100,000 level. According to TradingShot’s analysis, the maiden cryptocurrency is testing its 20-week moving average (MA) near $112,500, a level that has historically acted as a launchpad for the final leg of previous
Bain & Co. predicted the AI sector is burning through their pockets, as the industry is expected to fall $800b short of its $2 trillion target. How will the projected slip-up affect the AI-crypto market? Summary Bain & Co. projects that AI will face an $800 billion revenue shortfall over the next five years as
Tech behemoth Samsung has partnered with decentralized science (DeSci) and healthcare artificial intelligence protocol Galeon to provide AI training data from its ultrasound devices. According to a Tuesday announcement shared with Cointelegraph, Samsung said it will integrate its ultrasound equipment with Galeon’s electronic health record (EHR) platform. Speaking to Cointelegraph, Galeon CEO Loïc Brotons said
Bitcoin has grown from just being a digital currency into a treasury asset now, attracting attention from investors, institutions, and innovators alike. Building on this momentum, CfC St. Moritz, a premier digital assets conference for investors and industry leaders, has announced a Bitcoin reserve. CfC St. Moritz Partners with Sygnum Bank For Bitcoin Reserve The
Summary The Bitcoin price prediction is based on whether ETF demand surpasses selling pressure. Bitcoin is currently trading around $112.7k, with a consolidation range of $112k-$115k. ETF inflows remain a major driver, albeit recent flows have been erratic. Upside potential: A break above $115k might go to $118k-$122k. Downside risks: A break below $112k might
Kazakhstan’s central bank is launching a pilot project to issue a new stablecoin pegged to the local fiat currency in collaboration with Solana and Mastercard. The National Bank of Kazakhstan announced the launch of a stablecoin project within the framework of its Digital Assets Regulatory Sandbox, according to a statement shared with Cointelegraph on Tuesday.
Chainlink Labs and Zand Bank have formed a strategic collaboration to advance digital asset innovation in the United Arab Emirates (UAE). Zand Bank, an AI-powered fintech and financial services group, will use Chainlink’s suite of blockchain infrastructure tools to evaluate how tokenized assets and decentralized applications can connect with the UAE’s financial system. We’re excited
SoonChain, an artificial intelligence (AI-powered) Layer 2 blockchain, has unveiled its strategic Partnership with ByteNova, a scalable artificial intelligence (AI) protocol and framework. The primary objective behind this partnership is to elavate a decentralized AI economy for secure, scalable personal agents and developer tools. 🟦 SOONCHAIN x BYTENOVA 🤖 We’re excited to team up with
Following the recent BTC slide to the $112,000 range, exchange outflows expanded to a one-month peak. Despite liquidations and some selling pressure, there are signs of whales buying the dip. Despite the BTC dip to the $112,000 range, exchange outflows accelerated. This may be a sign of renewed accumulation, as whales buy the dip. BTC
According to a top market commentator, Bitcoin fell to $112,000 to hunt leveraged market traders; nothing more than that. Bitcoin (BTC) experienced a significant decline on Monday, marking an unexpected turn of events. Many expected the premier asset to lead a broader market rally following the recent rate cuts. However, it instead dropped over 2%