Community Articles

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

$60,478.00

-0.09%

$60,478.00

-0.09%

(24s)

24h Volume

$19,787,298,642.86

24h H/L

$60,642.92 / $58,500.10

Change: $2,142.82 (3.66%)

Long/Short

68.1%

Long: 68.1%Short: 31.9%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$60,344.00

▲ 0.41%

Volume (24h): -

Resistance Levels

Resistance 3$67,568.80

Resistance 2$63,414.16

Resistance 1$60,951.71

Price$60,344.00

Support 1$60,168.67

Support 2$58,105.02

Support 3$51,387.09

Pivot (PP):$60,240.07

Trend:Downtrend

RSI (14):33.2

CoinDesk Staff

(07:27 PM UTC)

1 min read

Updated bySarah Chen

1156 views

0 comments

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%…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

CoinDesk Staff · CoinDesk

Read original →

Live BTC price →More BTC news →

Comments