We Asked ChatGPT if Bitcoin (BTC) Can Hit $100K if the US Fed Lowers Interest Rates

"BTC could potentially hit $100,000 if the Federal Reserve drops interest rates, but this outcome depends on several other factors, ChatGPT stated.

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Arthur Hayes predicts Bitcoin rally after closing short position

Bitcoin could start its rally next week on a potential liquidity injection in the worlds largest economy.

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NVIDIA Explores Generative AI Models for Enhanced Circuit Design

NVIDIA leverages generative AI models to optimize circuit design, showcasing significant improvements in efficiency and performance. (Read More)

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PEPE Faces Key Support Test At $0.00000589 Will Bulls Hold The Line?

PEPE is facing intense bearish pressure, with its price trending downward toward a critical support level at $0.00000589. Recent market actions have shown that the bears are firmly in control, pushing the token closer to this key threshold. As sellers continue to dominate, the question is whether the bulls can step in to defend this level or if PEPE is set for further declines.  This article will analyze PEPE’s recent price action as it nears the critical support level at $0.00000589 by examining key technical indicators and market dynamics. It will explore whether the bulls can mount a defense to prevent further losses or if the bears will drive the token lower, aiming to provide a potential future outlook for the cryptocurrency. With a market capitalization exceeding $2.8 billion and a trading volume surpassing $602 million, PEPE was trading at approximately $0.000006683, reflecting a 6.47% decrease at the time of writing. In the past 24 hours, its market cap has dropped by 6,47%, while trading volume has increased by 74.80%. Current Market Sentiment: Bearish Signals Dominate On the 4-hour chart, although PEPE is attempting to move upward, it has maintained its downward trajectory after successfully breaking below the $0.00000766 level, continuing to trade below the 100-day Simple Moving Average (SMA). The asset is moving closer to the $0.00000589 support level, with negative market sentiment persisting. Also, the Relative Strength Index (RSI) on the 4-hour chart is currently at 31%, indicating that PEPE is in the oversold zone. This level suggests that selling pressure has been strong, potentially hinting at a short-term rebound or consolidation if the bears do not maintain dominance. On the daily chart, PEPE has shown significant bearish momentum since breaking below the $0.00000766 level and trading under the 100-day SMA. While the cryptocurrency is currently attempting an upward move, this rebound could be short-lived due to the prevailing bearish sentiment, which continues to exert pressure on the price. Finally, the RSI signal line on the 1-day chart is currently sitting at 36% as it continues to trend below the 50% threshold, suggesting that PEPE remains under bearish pressure, with the potential for bears to regain control and push the price lower. Whats Next For PEPE: Outlook For The Coming Days The current bearish trend, marked by negative momentum indicators, suggests that the bears could drive the price of PEPE to the $0.00000589 support level. If this support is broken, it could trigger further bearish action, potentially pushing the asset down to the $0.00000398 support level and possibly lower. However, if PEPE bounces back at the $0.00000589 support, it could retrace towards the resistance level at $0.00000766. Should the crypto asset break above this level, it could signal a further upward movement, possibly targeting the $0.00001152 resistance range and other higher levels. Featured image from iStock, chart from Tradingview.com

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Binance Futures to Launch USD-Margined NEIRO/ETH Perpetual Contract with 75x Leverage

Binance Futures announces the launch of USD-Margined NEIRO/ETH Perpetual Contract with up to 75x leverage, enhancing trading options. (Read More)

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Binance Futures to Launch USD-Margined QUICK Perpetual Contract with 75x Leverage

Binance Futures is set to launch a USD-Margined QUICK Perpetual Contract offering up to 75x leverage, enhancing trading options. (Read More)

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Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify 

Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term.

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X complies with EU data laws, stops AI chatbot data collection

X has resolved its legal battle with the European Data Protection Commission by agreeing to halt AI data collection practices and erase user data.

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MATIC Slides Deeper: Will It Break The $0.3132 Barrier?

MATIC is under mounting bearish pressure as it continues its downward slide, drawing closer to a critical support level at $0.3132. A break below $0.3132 could open the door to additional losses, signaling a deeper bearish trend ahead. With the market sentiment turning increasingly negative, speculations are whether the bears can push the price beyond [...]

The post MATIC Slides Deeper: Will It Break The $0.3132 Barrier? appeared first on Crypto Breaking News.

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NVIDIA Unveils BigVGAN v2: Pioneering Zero-Shot Waveform Audio Generation

NVIDIA's BigVGAN v2 sets a new standard in zero-shot waveform audio generation, achieving state-of-the-art quality with up to 3x faster synthesis speed. (Read More)

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NVIDIA Launches Generative AI Teaching Kit to Empower Future Innovators

NVIDIA Deep Learning Institute, in collaboration with Dartmouth College, introduces a Generative AI Teaching Kit to equip students with essential AI skills. (Read More)

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Dogecoin Falls Below Trendline Resistance, Eyes On $0.09149 Breach

Dogecoin (DOGE) finds itself in a challenging position as bearish forces continue to dominate the market. Currently trading below a key descending trendline, DOGE faces mounting pressure that could push the price toward the critical $0.09149 support level. With the bearish trendline acting as a formidable resistance, any failure to hold this support could signal further downside movement. This article aims to provide a comprehensive analysis of Dogecoin’s current negative outlook, highlighting its position under the trendline resistance and the potential implications of a breach below the $0.09149 support level. By examining key technical indicators and market sentiment, the article seeks to offer insights into whether DOGE will continue its downward trajectory or find a reversal. With a market capitalization exceeding $14 billion and a trading volume surpassing $471 million, Dogecoin was trading at approximately $0.9683, reflecting a 1% increase at the time of writing. In the past 24 hours, its market cap has risen by 1.01%, while trading volume has declined by 3.71%. Price Action Analysis: Assessing The Downward Pressure On Dogecoin On the 4-hour chart, Dogecoin, trading below the 100-day Simple Moving Average (SMA), is exhibiting consistent bearish momentum. The cryptocurrency is currently consolidating just above the $0.09149 mark.  Related Reading: Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy? This consolidation near a critical support level suggests that despite brief attempts to recover, selling pressure remains dominant. If DOGE fails to maintain its position above $0.09149, it could trigger an extended decline, potentially pushing the price lower as bears continue to exert control. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) is positioned at 45%, failing to rise above the 50% mark. This failure to gain traction above the midpoint reflects persistent pessimistic momentum, suggesting that downward pressure may continue, as the RSIs position below 50% reinforces the likelihood of further bearish activity in the market. On the daily chart, Dogecoin is still demonstrating notable bearish movement below the 100-day SMA and the trendline. The cryptocurrency is currently approaching the support level at $0.09149, indicating ongoing downward pressure and the potential for more declines if this support fails to hold. Finally, the RSI signal line on the 1-day chart has fallen to 41%, slipping below the 50% threshold, reflecting a shift in momentum that could lead to additional downward movement in DOGE’s price. Potential Scenarios: What Could Happen If DOGE Breaks $0.09149? If Dogecoin breaches the $0.09149 support level, several scenarios could unfold. A successful break below this key support might intensify the downbeat trend, potentially driving DOGE toward the $0.07456 support range. Should this level be breached, the price could further decrease to test the $0.0559 support mark, and possibly explore even lower support zones. Related Reading: Dogecoin Price (DOGE) Struggles: Can It Overcome the Slump? Conversely, if Dogecoin holds above $0.09149 and reverses its decline, it could indicate a bullish turnaround, which might set the stage for a rally toward the trendline resistance. A successful break above this trendline could trigger a significant uptrend, possibly pushing DOGE toward $0.1293 and beyond. Featured image from Unsplash, chart from Tradingview.com

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Bitcoin trades under $57K, but data suggests pro traders are not bearish 

Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold the answer.

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Hedera, IOHK join DeRec Alliance as final founding members

Cardano and Hedera join the Decentralized Recovery Alliance alongside Ripple and Algorand to shape the future of crypto security standards.

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ASI Alliance calls for decentralized cloud infrastructure in AI development

The Artificial Superintelligence Alliance urges decentralization in cloud services to mitigate vulnerabilities in AI development to ensure both security and innovation.

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Binance Updates Leverage and Margin Tiers for Multiple Perpetual Contracts

Binance Futures has announced updates to the leverage and margin tiers for several USD-M and COIN-M perpetual contracts, effective from September 4, 2024. (Read More)

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Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541

Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market.  Traders are watching closely to see if the bearish trend will continue or if a reversal is on the horizon as BTC hovers near critical support levels. The next few days could be crucial in determining Bitcoin’s short-term trajectory. As Bitcoin faces increasing selling pressure, this article explores the recent bearish signals affecting its price movement, analyzing key technical indicators that suggest a potential drop to $53,541. By examining the critical support levels to watch, insights into whether BTC will find stability or continue its slide will be provided. As of the time of writing, Bitcoin was trading at approximately $56,691, reflecting a 4.04% decline with a market capitalization exceeding $1 trillion and a trading volume surpassing $31 billion. Over the past 24 hours, BTC’s market cap has dropped by 3.96%, while trading volume has surged by 22.55%. Analyzing BTC’s Recent Price Action And Key Indicators On the 4-hour chart, Bitcoin has displayed strong bearish momentum below the 100-day Simple Moving Average (SMA) following its failure to break above the $60,152 mark. The price is now attempting to fall toward the $53,541 mark. If the cryptocurrency successfully breaches this key level, it could begin a more pronounced downtrend, potentially driving the price down to other crucial support levels. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) has slipped below the 50% mark, currently resting at 32%. This decline highlights growing bearish momentum and suggests that selling pressure could intensify. On the daily chart, BTC is showing significant negative movement below the 100-day SMA by printing two bearish momentum candlesticks. This downbeat surge reflects strong selling pressure and negative market sentiment, increasing the likelihood of BTC reaching the $53,541 mark soon. Finally, the 1-day RSI shows that bearish pressure on BTC is intensifying. The signal line has recently dropped below 50%, now resting at 39%, which also signals growing selling pressure and a pessimistic sentiment for the digital asset. Investor Outlook: Preparing For Bitcoin Potential Downside  With bearish pressure mounting and key indicators pointing to further declines, Bitcoin appears poised to drop to the $53,541 mark. Should the cryptocurrency breach this level, it could signal a more significant pessimistic move, potentially driving the price down to the next support at $50,604 and beyond. However, if Bitcoin hits the $53,541 support level and the bulls manage to stage a comeback, the price could start moving upward toward the $60,152 resistance mark. A successful breach of this resistance might lead BTC to test its all-time high of $73,811, with the potential to set a new record if it surpasses this level. Featured image from iStock, chart from Tradingview.com

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California passes bill to prohibit unauthorized AI replicas of the deceased

Californias Senate passed Assembly Bill 1836, prohibiting unauthorized AI-generated replicas of deceased personalities without prior consent to protect performers rights and likenesses.

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Understanding the Complexities of Moderating a Code Collaboration Platform

Explore the unique challenges of moderating GitHub, including data updates, DMCA takedowns, and the evolving landscape of open source software. (Read More)

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BNB Rally Fades As Price Dips Under $600: Is A Correction Looming?

BNB‘s recent rally appears to be losing steam, as the price has dipped below the crucial $600 mark. After a strong upward surge that reignited bullish sentiment, the momentum is now showing signs of cooling off. This dip raises concerns about whether the rally can sustain itself or if a broader correction is on the horizon. As selling pressure increases and the market cools, this article seeks to explore whether BNB’s rally is losing steam after dipping below the key $600 level. By analyzing technical indicators, market sentiment, and price action, we aim to evaluate the potential for a deeper correction or a renewed bullish push. Current Market Conditions: Analyzing The Position Of BNB Recently, BNB has taken a bearish turn on the 4-hour chart after struggling to break above the significant resistance level of $605. This failure to maintain upward movement has led to a decline, bringing the asset down to the 100-day Simple Moving Average (SMA). Furthermore, a breach below this moving average could intensify selling pressure, while a bounce back might indicate a possible reversal. An analysis of the 4-hour Relative Strength Index (RSI) suggests bullish momentum may wane. Currently, the RSI has fallen to around 36%, indicating that the buying pressure is diminishing. An RSI below 40 can signal that an asset is entering oversold territory, which often precedes further declines or the possibility of a price correction. Related Reading: BNB Price Surge Eyes $550 Breakout: Can It Push Higher? Also, on the daily chart, BNB is exhibiting significant negative movement, as reflected by a series of bearish candlesticks. This ongoing downward trend highlights a prevailing selling pressure within the market. Although BNB is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlesticks suggests that upward momentum may be limited. Finally, on the 1-day chart, a closer examination of the RSI formation reveals that the RSI signal line has dipped to 53%, approaching the crucial 50% threshold. As the RSI approaches this level, it may heighten the risk of additional declines if it falls below 50, reinforcing the bearish sentiment in the market. Will The 100-Day SMA Hold? Currently, BNB is trading just above the 100-day SMA, which has historically served as a strong indicator of market sentiment. If the price breaks below the 100-day SMA, it could trigger increased selling pressure, leading to an extended drop toward the $531 support level. Related Reading: BNB Price Struggles to Hold $500: Is a Breakout Coming? In the event that BNB maintains its position above the 100-day SMA, it may indicate a potential rebound and restore bullish sentiment, allowing the price to begin climbing back toward the $605 resistance level. A successful breakout above this mark could pave the way for more price growth toward other resistance levels, increasing optimism among traders and signaling a more sustained upward trend. Featured image from Shutterstock, chart from Tradingview.com

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