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Today in crypto, Ark Invest founder Cathie Wood will give the first lecture of El Salvador’s CUBO AI public education program, analysts are following the $85,000 weekly close for a sign of more Bitcoin upside. Meanwhile, Ledger’s Ian Rogers says the battle between crypto security advancements and hackers will never end.

Cathie Wood to give inaugural lecture for El Salvador's AI public education program

Ark Invest founder Cathie Wood is kicking off El Salvador's AI education program by giving the inaugural lecture for the public education initiative.

In a March 23 X post, El Salvador's Bitcoin Office wrote that the program would leverage industry experts to provide university-level artificial intelligence education to students and professionals. The Bitcoin Office added:

"This is the only national education program bringing in top-tier field experts to blow young minds! We are rolling out the red carpet for a powerhouse lineup of heavy hitters — big names with epic achievements."

Wood previously met with the President of El Salvador, Nayib Bukele, to discuss the future of crypto and AI policy in the Central American country.

Cathie Wood pictured left, El Salvador’s President Nayib Bukele in the center, and economist Art Laffer, pictured on the right, met in May 2024 to discuss policy. Source: El Salvador’s Bitcoin Office

Wood said El Salvador could increase gross domestic product (GDP) tenfold over the next five years if the country continues to focus on pro-innovation policies. 

Bitcoin needs weekly close above $85k to avoid correction to $76k: analysts

Bitcoin analysts are eying the weekly close to gauge Bitcoin’s price trajectory for next week, as traditional and crypto markets are lacking direction amid a mix of global trade war fears paired with easing inflation concerns.

Bitcoin's (BTC) price may see more downside next week unless it manages to close the week above the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.

“Bitcoin’s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,” Lee told Cointelegraph, adding:

“A close above this level could prevent a drop to $76,000 and signal strength, while $87,000 would provide even clearer bullish confirmation. Macro factors like steady rates and cooling inflation support risk assets, but the Sunday close will be decisive.”

BTC/USD, 1-year chart. Source: Cointelegraph

Bitcoin’s price has been lacking momentum, rising only 0.9% over the past week, Cointelegraph Markets Pro data shows. A disappointing weekly close risks a revisit to the previous week’s price low of $76,600.

Crypto security will always be a game of ‘cat and mouse’ — Wallet exec

Cryptocurrency wallet providers are getting more sophisticated, but so are bad actors — which means the battle between security and threats is at a deadlock, says a hardware wallet firm executive.

“It will always be a cat and mouse game,” Ledger chief experience officer Ian Rogers told Cointelegraph when describing the constant race between crypto wallet firms adding new security features and hackers finding more advanced ways to access victims’ wallets.

Rogers said, unfortunately, the most straightforward scams work best because scammers rely on people making simple mistakes.

“People give their 24-word phrases to people every day, so as long as that happens, then they are going to go for the low-cost tax,” he said, adding:

“Anyone who asks for your 24 words is a criminal.”

Rogers highlighted a common crypto scam where victims get tricked by replies under “any post on Twitter about crypto,” with messages like “DM me, and I’ll help you.”

“You know that scammers are always asking you for your 24 words,” Rogers said.

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