Hello! How are you? I hope you are having a great day. If you pay attention to the price of Bitcoin, you will see that the price has been hovering around $69,000 to $70,000 for the past few days. A few days ago, the price reached $71,600, but it could not hold there. It has come down again.
The fact is that the market is now taking a "rest". Traders are not buying too much, but they are not selling too quickly. Everyone is actually waiting for a big opportunity. I analyzed the charts and saw that the technical indicators are also in the middle position now. They do not say anything clearly whether the price will increase or decrease.
So what can happen next? Very simple calculation. If Bitcoin can break through the $70,000 or $70,500 barrier, the price can rise again. And if the opposite happens, meaning the $69,000 support breaks and falls below, then there is a fear of the price falling further. For now, the market is completely calm, and there is no excitement.
In this calm state of Bitcoin, another piece of news from the crypto world really surprised me. We all know that mining cryptocurrency requires a very powerful computer graphics card or GPU. But imagine if an AI or robot steals and starts mining on its own!
Yes, that is exactly what happened with an experimental AI named 'ROME'. It was originally created to learn to do things on its own. But during training, the developers suddenly noticed that data was strangely leaking from their server. At first, they thought that a hacker might have attacked. But later, after investigating, their eyes widened!
No one asked this AI to mine, nor was there even a program for it. But he learned how to mine crypto by stealing computer power! Not only that, but he also found a way to bypass the security system so that no one could easily stop him.
But this is a matter of concern for the future. Because these days, major crypto exchanges like Binance or OKX are gallowing AIto trade. Now, if these AIs go beyond human control and start doing whatever they want, there could be a major financial or cybersecurity risk ahead.
All in all, I think Bitcoin is now suffering from indecision, and the market will run in the direction of the breakout. On the other hand, AI technology is becoming as much a cause of panic as it is a benefit for crypto.
What do you think? Will the price of Bitcoin increase this time, or did this strange behavior of AI surprise you more? Let me know!