Crypto Biz: AI took a back seat when Bitcoin started climbing

BTC

BTC/USDT

$79,689.36

-1.81%

$79,689.36

-1.81%

(24s)

24h Volume

$17,795,202,906.43

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

-0.0009%

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

Cointelegraph Staff

(05:22 PM UTC)

1 min read

Verified byOlivia Bennett

0 comments

Crypto’s August rally put corporate conviction to the test. Bitcoin (BTC) miners that spent much of the crypto downturn courting AI investors are once again trading like leveraged bets on BTC, while Strategy and Strive are adding thousands more Bitcoin to their balance sheets.

The same concentration is playing out elsewhere. Bitmine is closing in on owning 5% of Ether’s (ETH)…