AI Agents Embrace Crypto
ByteFolio Issue 217;
Bitcoin鈥檚 ByteTrend Score has increased to a 2. The price has risen back above the 30-day moving average and made a 20-day high, touching the max line. Consequently, the worst outcome has so far been averted.
Bitcoin Daily
Oil is up following renewed hostilities in the Middle East, which has reddened markets today. However, the past week has been constructive, with Bitcoin rallying alongside gold. This is evident because the dollar has become centre stage, and when that ends, so will the Bitcoin and gold linkage.
Bitcoin and Gold Correlation
The dollar uptrend is clear and breaking away. This will put downward pressure on financial markets should it be allowed to continue.
Dollar Uptrend
Yet in a piece of good news, Ethereum is gaining strength against Bitcoin. ETH trades not far above the 2022 low, which shows how little it has participated in this cycle. Yet it is starting to outperform as network activity is strong.
Bitcoin and Ethereum
Not only is ETH picking up, but so are some of the other Layer-1s as well. Handing over to Ali.
