Bitcoin price breaking out toward $69,000 now opens a turbo path toward $84,000
WorldPing
A Bitcoin breakout attempt briefly pushed price above $65,000 on Aug. 5, but failed to sustain the move, even as Fed funds futures put the odds of a September rate hike at 57.4% as of Aug. 5, down from 80.5% a week earlier.
This is a short WorldPing brief. The full report was published by CryptoSlate.
Strong earnings from SanDisk and Western Digital were not enough to satisfy investors, raising questions about whether capital is beginning to rotate from AI winners into crypto.
Brief by WorldPing · Original reporting by CoinDesk
A volunteer group running AI models against bitcoin codebases says it is averaging roughly one critical bug per hour per person, at about $10,000 a day in compute.
Brief by WorldPing · Original reporting by CoinDesk