<img alt="I probed ChatGPT about a possible Bitcoin rally, its answer did not disappoint" class="attachment-full size-full wp-post-image" height="900" src="https://statics.ambcrypto.com/wp-content/uploads/2023/05/AMBCrypto_A_scene_of_anticipation_and_discovery_unfolds_symboli_b67e4f9c-26d4-48dc-bdd9-921157fd1b92.jpg" style="float: left; margin: 0 15px 15px 0;" width="1200" />ChatGPT seems to be highly optimistic about Bitcoin's future. It said BTC prices are going to skyrocket soon.

I probed ChatGPT about a possible Bitcoin rally, its answer did not disappoint

Coinbase News: In a recent back-to-back interviews on Wednesday, Coinbase’s Chief Executive Officer Brian Armstrong defended the company against a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Armstrong argued that the lack of clear guidelines in the United States for the cryptocurrency sector was the underlying issue. He further emphasized his willingness 
The post Breaking: Coinbase CEO Ready To Challenge SEC Lawsuit In U.S. High Court appeared first on CoinGape.

Breaking: Coinbase CEO Ready To Challenge SEC Lawsuit In U.S. High Court | Coingape

From chatbots to deep blockchain data analysis, artificial intelligence can help Web3 news organizations function. But there are plenty of pitfalls too.

12 Ways Web3 Media Could Embrace AI

Only the miners with the lowest energy costs and most efficient equipment will survive the once-every-four-years event.

Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive

The cryptocurrency arena is never short of surprises, as unexpected events and mysteries occasionally unfold. One such intriguing case captivating the attention of enthusiasts is the sudden disappearance of the CEO of Multichain, the largest blockchain bridge. As the industry grapples with the unanswered questions surrounding this vanishing act, the potential role of advanced technologies, […]

Multichain CEO vanishes, can the Avorak AI crypto algorithm help trace him?

Treasury Secretary Janet Yellen voiced her unqualified support for financial regulatory agencies during an interview with CNBC's Squawk Box, right after the SEC's announcement of two high-profile enforcement actions targeting crypto exchanges.
The post Treasury Secretary Yellen “Very Supportive” of SEC’s Anti-Crypto Mission appeared first on BeInCrypto.

Treasury Secretary Yellen “Very Supportive” of SEC’s Anti-Crypto Mission

Bitcoin keeps moving sideways in a tight range as regulatory pressure in the U.S. mounts with two lawsuits against major crypto exchanges. The number one crypto by market cap could yet see crab-like price action, but the bulls could catch a break in the short term, according to an analyst. Related Reading: LDO Leads Top Coins, Registers 6% Gains In One Day As of this writing, Bitcoin (BTC) trades at $26,500 with a 2% profit in the last 24 hours. In the previous week, BTC recorded a 2% loss. In contrast, other cryptocurrencies in the top 10 by market cap recorded similar price action except for Binance Coin (BNB), which recorded a 14% loss over the same period. Positive Outlook For Bitcoin Price? According to analyst Ali Martinez, the price of Bitcoin could see further appreciation. Over the week, the cryptocurrency has retraced but stayed above critical resistance. Despite the unfavorable and uncertain macro conditions and regulatory environment, crypto market investors continue to battle to determine a clear direction. In this context, Martinez stated the following for BTC’s price using the TD Sequential Indicator, as seen in the chart below: The TD Sequential presents a buy signal on the hourly chart, which could see $BTC rebound to $27,000 – $27,300. Still, #BTC must avoid an hourly close below $26,360 because it could lead to a downswing to $25,800. Despite the forecast, uncertainty could be the most critical factor, rendering the buy sequence ineffective. A break above the $27,000 to $27,300 levels could hint at a positive outlook for BTC traders in the short term. Conversely, $26,000 and $26,300 are still critical support levels, as the 200-weekly moving average (WMA) sits around that area. Bulls must defend this average to prevent the price from declining further, possibly into the low $20,000. As a positive sidenote, the spike in volatility in the previous trading sessions contributed to a cleanse in Open Interest (OI). Per a separate analysis, over $800 million in OI was wiped out as BTC took liquidity in both directions. Related Reading: SEC Files Emergency Action Application To Freeze Binance.US Assets Often, when OI is taken out and overleveraged positions are closed, the market is less incumbent to trend in a single direction. A pseudonym analyst stated: We’ve seen quite the volatility over the past 48 hours. In total, we’ve seen over $800M+ in Open Interest being wiped out during this time. High leverage has been flushed out towards both sides. Liquidity taken. Up to spot to take determine the direction from here. Cover image from Unsplash, chart from Tradingview

Bitcoin 24-Hour Volatility Soars, Why Bulls Could Win Fight In Short-Term

Investors are left wondering whether this rally is a mirage as they await the Fed's next interest rate decision on June 14.

Dr. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, sits down with Maggie Lake to discuss the Bank of Canada's historic rate hike, what it could mean for the next Fed decision, and why the bond market is sending a very different message from equities. 

In the second half of today's extended show, we'll dive into the current market risks and how investors can protect themselves.
You can find more of Dr. Sri-Kumar's work here: https://t.co/ozsbAS3qSB

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⏰ *Timestamps:*
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2:05 Bitcoin Analysis
6:15 SEC Escalates Case
7:33 DeFi Surges!
9:05 Cramer x Gensler
10:56 Coinbase Fights Back
12:50 Yellen on Crypto
14:28 Senators Unite!
15:24 Final Thoughts

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