KryptoKite

AI buildout weighs on bitcoin demand but future gains could reverse trend, Relai CEO says

The Block4h agoUpdated 3h ago
AI buildout weighs on bitcoin demand but future gains could reverse trend, Relai CEO says
Smart Read

Julian Liniger, CEO of Relai, said the current bitcoin bear market is driven in part by liquidity absorbed by AI investments....

Coins in this story

BTC
Bitcoin
BTC
₹60,800.31
-0.32%
ViewTrade BTC
Trade BTCRead original on The Block

Related stories

While bitcoin holds near $63,000, some data points to pain ahead for bulls
CoinDesk2h ago60-word brief

While bitcoin holds near $63,000, some data points to pain ahead for bulls

Onchain data shows the bitcoin market price is only just above its realized price and demand is weakening, especially from ETFs....

BTCSOLRWA
Read full story
Source
Trade BTC
There is a ‘fundamental clash’ between bitcoin and institutionalization, says BTC circular economy project founder
The Block2h ago60-word brief

There is a ‘fundamental clash’ between bitcoin and institutionalization, says BTC circular economy project founder

Bitcoin Ekasi's Hermann Vivier emphasized that bitcoin's store-of-value narrative does not exist without usage as a medium of exchange....

BTC
Read full story
Source
Trade BTC
Bitwise’s Dragosch sees up to 20% further downside for bitcoin, puts ‘max pain’ scenario at $48,000
The Block3h ago60-word brief

Bitwise’s Dragosch sees up to 20% further downside for bitcoin, puts ‘max pain’ scenario at $48,000

Bitwise's Dragosch sees up to 20% more bitcoin downside, with the long-term holder cost basis at $48,000 the "max pain" scenario....

BTC
Read full story
Source
Trade BTC
KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.