Bitcoin may reclaim $60,000 but the rally is expected to be short-lived according to founder of 10x Research. The $55,000-$56,000 range acts as a technical base, but medium-term technical damage suggests a temporary bullish trend only.
Celestia's TIA surged 25% to $7.30, yet traders remain doubtful with increased bearish bets on the cryptocurrency's perpetual futures. Funding rates have turned negative, indicating a strong bearish sentiment not seen in six months.
Bitcoin miners are becoming sought-after partners for AI data centers due to their power supplies and operational capabilities. Recent AI deals like Core Scientific's agreement with CoreWeave and Coatue Management's investment in Hut 8 are driving sector growth.
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