Live updates: Bitcoin slips as corporate BTC enthusiasm moves to AI
60-second summary
Companies that previously helped give bitcoin institutional cover are now shifting their focus to AI data centers, potentially impacting BTC's momentum. This shift is putting BTC's flat 50-day moving average in focus, a key technical indicator that has historically signaled market trends. The development may weigh on bitcoin's price, affecting its overall market value.
FxPro’s Alex Kuptsikevich said companies that helped give bitcoin institutional cover are now chasing AI data centers, putting BTC’s flat 50-day moving average in focus.