Bitcoin has found support at the $30,000 level and could potentially become the primary currency for artificial intelligence due to its digital nature, constant availability, and automation, according to industry experts such as former BitMEX CEO Arthur Hayes. Hayes emphasizes Bitcoin's unique qualities and its similarity to pure energy, making it an ideal choice for blockchain-driven systems. The price of Bitcoin has also been affected by investors reevaluating Federal Reserve predictions after the release of employment data, resulting in fluctuations in BTC's outlook. Traders should keep an eye on the $29,600 level as a critical pivot point for today's trading activities.
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