Crypto traders embrace AI for research – But can they trust it to trade?

The cryptocurrency market remains extremely volatile, with capital movements trending in ways that require traders to find an edge in the market. The crypto market has reversed sharply over the last ten days following a bullish run from mid-September to early October. Since the 5th of October, the total crypto market capitalization (excluding stablecoins) recorded an outflow of roughly $233.49 billion, despite rallies in between, suggesting growing selling pressure. One approach traders are exploring is the use of artificial intelligence (AI). Reports indicate that traders remain skeptical about using AI for trade execution but rely on it for research to improve their trading outcomes.

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