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Bitcoin traded at $78,500 as the Japanese yen breached 160 per dollar in Tokyo trading, while a U.S. strike on Iran’s Larak Island added to market uncertainty. All these follow Friday’s broad dollar advance and hawkish remarks from Warsh at Jackson Hole, which lifted.
Bitcoin began the new business week with a dip below $77,000 as geopolitical tensions in the Middle East escalated amid new attacks, but has since managed to shrug off the losses. The same cannot be said about most larger-cap alts. ETH is still struggling at $2,500, while BNB.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain.
An AI assistant just completed one of the first publicly documented high-value purchases on behalf of a real user, with security guardrails in place. An AI just bought a car. Not in a demo. Not in a controlled lab environment. On the actual internet, for an actual person, with.
Bitcoin’s price rally that drove it past $81,000 on a couple of occasions in the past week came to a halt after the hawkish stance by the new Fed Chair displayed yesterday, and the asset slipped to a five-day low of under $77,000. Most altcoins followed suit, posting 3-5% daily.
Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain.
