OpenAI’s newly announced ChatGPT “Pulse” feature,
Bitcoin hits its lowest price in four weeks,
China opens a digital yuan cross-border and blockchain service center in Shanghai,
A new shortcut proposed for cryptocurrency ETF approval,
And Google invests over $300 million in Bitcoin mining company Cipher Mining.
Let’s analyze the latest news about the global economy and cryptocurrencies and consider economic trends together! Friday, September 26th, we’ll be discussing today’s cryptocurrency news and on-chain market conditions.
This program brings you the latest news to help you with your asset building. Let’s start with a look at 24-hour data headlines from the cryptocurrency market.
First up, OpenAI. The hotly talked-about ChatGPT has released a new feature called “Pulse.” Pulse analyzes trends and sentiment in real time from users’ everyday chat content and information, and is expected to be particularly useful for cryptocurrency trading. In other words, it instantly captures vast amounts of social media data and market trends to assist with investment decisions.
The cryptocurrency market is highly volatile, leaving many investors struggling to gather information. While AI technology has been used for market analysis in the past, Pulse’s emphasis on intuitiveness and real-time analysis is what’s new. Some experts hope that widespread adoption of this technology will enable even individual investors to implement professional-level information strategies.
Next, Bitcoin fell to its lowest level in the past four weeks. Glassnode analyzes this movement as a “signal of market fatigue.” In other words, buyers and sellers are slowing down, and market participants are temporarily entering a wait-and-see mode.
There are three key factors behind this situation.
First, selling pressure from long-term holders is beginning to increase. This can be interpreted as profit-taking and risk aversion.
Second, new entrants are becoming cautious, and trading volume itself is on the decline. Reduced liquidity can lead to greater price fluctuations.
Third, some analysts believe this correction is actually healthy and represents a preparation period for the next upswing. However, further downside risks cannot be ruled out in the short term.
… Finally, we have news that Google has invested approximately $300 million (5.4%) in Bitcoin mining company Cipher Mining. This marks a major technology company’s full-scale entry into the cryptocurrency industry, strengthening market confidence.
Cipher Mining explained that “by collaborating with Google, we aim to reduce environmental impact and promote efficient mining.” Sustainability is gaining increasing attention across the industry.
That’s all for today’s news highlights. Our channel provides in-depth, specialized features focused on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
