Bitcoin price consolidation is expected after short-term traders realized $11.6 billion in profit, and Trump’s new tariff announcement spooks the market. Key takeaways: Short-term Bitcoin holders realized $11.6 billion in profit over the past 30 days, suggesting a potential pause or local top in the market. Technical indicators show cooling momentum as retail investor sentiment falls to a 90-day low and liquidity data points to price volatility. Read more
Bitcoin price may have reached a short-term top, but this could open the door to a long-awaited altcoin season. Key points: Bitcoin slipped below $109,588, but technical charts suggest traders are buying each dip. Excessive leverage in Bitcoin futures increases the risk of a quick correction. Read more
Analysts are warning of more fiat currency debasement, which is driving a growing appetite for digital assets, including cryptocurrencies and NFTs. Risk appetite across traditional and cryptocurrency markets saw a sharp rise this week, helping United States cryptocurrency funds recover the capital lost to the correction of February and March, amassing over $7.5 billion worth of weekly inflows. Bitcoin (BTC) surpassed its old all-time high on May 21, two days after President Donald Trump confirmed ongoing ceasefire negotiations between Russia and Ukraine in a May 19 X post. Meanwhile, popular analyst and Global Macro Investor CEO Raoul Pal warned of more fiat currency debasement, urging investors to gain more exposure to cryptocurrencies and non-fungible tokens (NFTs), as these assets “will never be this cheap again.” Read more
Thirty-five years after his PhD, Ben Goertzel has witnessed many of his early ideas flourish in the mainstream. It’s been 30 years since computer scientist Ben Goertzel wrote his first line of AI code, already convinced that artificial intelligence should be decentralized. Today, as the world approaches the dawn of Artificial General Intelligence (AGI), who leads this breakthrough could have profound consequences for the future of humanity. Speaking with Cointelegraph at the Consensus conference in Toronto, Canada, Goertzel said, “We’re likely to be able to launch AGI that can think and generalize beyond its training and programming within the next one to three years.” His project, SingularityNET, is a decentralized ecosystem building a global marketplace for AI services. Along the way, it has secured partnerships with Mind Network and Filecoin Foundation, invested $53 million in a modular supercomputer dedicated to decentralized AGI, and completed a token merger with Ocean Protocol and Fetch.ai to unify effo...
Rising institutional adoption, record inflows to the spot ETFs and Bitcoin’s strong performance are set to redefine BTC’s role in the modern portfolio. Key takeaways: Bitcoin’s performance in the current bull market and a new cohort of buyers reflect a maturing market and widening adoption. A 50% rise in hashrate and a 63% jump in Realized Cap highlight investors’ confidence in Bitcoin. Read more