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via CoinDesk · By CoinDesk Staff

Bitcoin maximalists say the brutal price crash is just a temporary liquidity crunch caused by the AI boom

BTC

BTC/USDT

$79,603.07

-1.63%

$79,603.07

-1.63%

(24s)

24h Volume

$17,375,211,787.32

24h H/L

$81,423.03 / $78,660.00

Change: $2,763.03 (3.51%)

Long/Short

52.6%

Long: 52.6%Short: 47.4%

Funding Rate

-0.0019%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,697.72

▲ 0.05%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$80,811.61

Price$79,697.72

Support 1$79,507.02

Support 2$76,172.06

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.5

CoinDesk Staff

(07:27 PM UTC)

1 min read

Updated bySarah Chen

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Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion

Mati Greenspan, Michael Saylor and Jameson Lopp blamed the AI boom for draining capital from bitcoin. Meanwhile, Jack Mallers refrained from sharing an outlook but recommended buying the dip.

Hardcore bitcoin purists haven't lost faith in the world's largest digital currency, despite it losing nearly 17%…

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Source

CoinDesk Staff · CoinDesk

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