During early Asian trading hours on Thursday, May 22, Bitcoin surged more than 4% from its peak of $109,800 on Wednesday to reach a new all-time high of $111,544. The milestone follows a brief dip to $106,000 and shows growing…

Bitcoin reaches new all-time high above $111K as macro tailwinds drive safe-haven demand

## Key takeaways
 * ChatGPT-powered AI agents automate trading tasks using natural language prompts and API integrations, improving speed and consistency.
 * Successes occur when ChatGPT is used as a support tool, not a fully autonomous trading system.
 * Failures happen when traders over-rely on ChatGPT without real-time data, proper risk management or manual oversight.
 * Regulatory focus on AI in trading is increasing, with new frameworks emerging to ensure transparency, accountability and compliance.
What if a crypto trader didn&#8217;t need to constantly check charts, worry about 
emotions, or stay up all night watching for sudden price swings? What if those 
tasks could be handled by an intelligent agent that understands instructions 
in plain English &#8212; and reacts within milliseconds? That&#8217;s where ChatGPT- 
powered AI agents come in.
These tools combine natural language processing with real-time trading logic 
to automate decision-making in one of the world&#8217;s most volatile markets. From 
rebalancing portfolios to reacting to market sentiment, ChatGPT is being 
adapted to act as a trading assistant, risk manager and market analyst &#8212; all 
rolled into one.
But can it truly match or even outperform human intuition? This article 
explores how far these agents have come, where they shine and where they still 
fall short.
## How ChatGPT-powered AI agents operate in cryptocurrency markets
ChatGPT-powered AI agents are changing how people interact with crypto 
markets. These tools combine ChatGPT&#8217;s language abilities with external 
trading tools and APIs to help users monitor prices, understand trends and 
even place trades automatically. Instead of just reacting to charts or 
numbers, ChatGPT can understand plain language commands like &#8220;Buy Ethereum if 
the price drops below $2,000&#8221; or &#8220;Sell Bitcoin if RSI goes above 70.&#8221;
These AI trading assistants can work with major platforms like Coinbase, 
Kraken, OKX and other centralized or decentralized exchanges and can also tap 
into decentralized finance (DeFi) tools and smart contracts. With the right 
setup, ChatGPT can help automate trading strategies based on both technical 
data and market news.
## Success stories vs. failures in ChatGPT-powered crypto trading
Some traders have used ChatGPT to assist in automating parts of their crypto 
trading processes, particularly for strategy generation and sentiment 
analysis. For example, a user shared on Reddit that they used a ChatGPT-based 
AI agent for technical analysis on Ether (ETH), feeding it four-hour and daily 
chart screenshots. By interpreting market sentiment, support and resistance 
zones, and other indicators, they managed to make $6,500 in profits.
Similarly, in the broader crypto sector, ChatGPT has been applied to support 
project development activities such as drafting white papers and marketing 
content. A notable example is the launch of the &#8220;TURBO&#8221; memecoin, which 
reportedly reached a market capitalization of over $50 million in 2024. In 
this case, ChatGPT was used to streamline documentation and communication 
rather than manage trading activity, illustrating its usefulness as a support 
tool in crypto-related initiatives.
However, limitations are evident when ChatGPT is applied beyond its core 
design. While ChatGPT could suggest a trading portfolio and explain its 
reasoning clearly, it lacks access to real-time market data and couldn&#8217;t 
respond to sudden volatility. In one instance, ChatGPT was allocated $100 
across multiple tokens but failed to actively manage the portfolio as prices 
fluctuated. This resulted in missed opportunities and underperformance 
compared to dynamic algorithmic strategies.
Individual experiences reinforce these observations. A Redditor exposed a scam 
where a YouTuber promoted a &#8220;ChatGPT trading bot&#8221; tutorial that led users to 
deploy malicious smart contracts. The contracts, generated using ChatGPT and 
passed off as safe, were designed to drain user wallets once funded. Victims 
collectively lost $17,240 in ETH, highlighting the danger of blindly trusting 
AI-generated code without proper auditing.
Even when asked, &#8220;If I use ChatGPT to build an AI agent for crypto trading, 
can I become a millionaire?&#8221; ChatGPT responded with a realistic outlook &#8212; 
acknowledging that while it&#8217;s possible, success depends on having a profitable 
strategy, disciplined risk management, and the ability to scale effectively.
Here is ChatGPT&#8217;s response:
These cases suggest that while ChatGPT can support certain elements of the 
trading process, it should not be treated as a standalone solution for 
autonomous crypto trading.
## AI in crypto trading: Key benefits and limitations
AI tools like ChatGPT are increasingly being integrated into crypto trading 
workflows to improve speed, accuracy and efficiency. While they offer 
important advantages, they also carry specific limitations that traders must 
actively manage. Below are the main benefits and challenges:
### Key benefits of using AI for crypto trading
 * AI bots can execute trades in milliseconds, crucial for capturing opportunities in fast-moving crypto markets.
 * Bots follow pre-programmed rules precisely, eliminating emotional biases that often affect human traders.
 * Crypto markets are always open, and AI bots can monitor and act around the clock without interruption.
 * A single bot can manage multiple trading pairs, exchanges and strategies simultaneously.
 * ChatGPT can understand specific prompts like &#8220;Rebalance every Monday&#8221; or &#8220;Set stop-loss at 5%,&#8221; allowing flexible automation.
### Limitations of ChatGPT in cryptocurrency trading
 * ChatGPT does not access live market data unless specifically integrated with external APIs (e.g., TradingView, CoinMarketCap or exchange websockets).
 * Instructions must be clear and unambiguous; ChatGPT may misinterpret vague or complex commands.
 * Improperly secured API keys or lack of two-factor authentication (2FA) can expose trading accounts to unauthorized access.
 * ChatGPT&#8217;s cloud-based infrastructure can introduce latency, which could impact performance during highly volatile periods.
 * ChatGPT does not monitor regional compliance rules; users must manually enforce trading limits based on local regulations.
## Ethical and regulatory implications of AI in crypto trading
As AI becomes more integrated into trading systems, it raises significant 
ethical and regulatory concerns that stakeholders across the financial sector 
are beginning to address.
 * **Accountability:** If an AI agent executes a harmful or unlawful trade, questions arise around legal responsibility. It remains unclear in many jurisdictions whether liability falls primarily on the developer, the trader using the AI system or the platform facilitating the transactions.
 * **Market manipulation risks:** Autonomous AI bots could unintentionally engage in activities such as spoofing (placing and canceling fake orders to mislead the market) or wash trading (creating artificial volume), especially if not properly programmed with compliance safeguards.
 * **Regulatory oversight:** Financial authorities, including the US Securities and Exchange Commission and the European Securities and Markets Authority, are actively studying the implications of AI and algorithmic trading. These agencies have recognized that traditional trading regulations may not fully account for autonomous decision-making by AI systems.
 * **Policy developments:** In January 2024, the European Commission released updates to its Digital Finance Strategy, which included references to AI-based financial services. While not yet finalized, these draft regulations under the broader Digital Finance Package signal a move toward stricter compliance expectations for firms deploying AI in financial markets.
Meanwhile, ethical crypto platforms are beginning to voluntarily disclose the 
use of trading bots in their systems. In parallel, open-source communities are 
advocating for clearer audit trails, improved model transparency and the 
establishment of ethical guidelines for AI applications in finance to ensure 
accountability and fairness.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Can ChatGPT-powered AI agents really trade crypto for you?

Travelers using cryptocurrency for booking arrangements spend more than twice 
as much as regular travelers using fiat money, according to a joint report 
from Binance Pay and crypto travel platform Travala shared with Cointelegraph.
Crypto-based bookings on Travala reached $80 million in 2024, up from $45 
million the year before. Crypto travelers are also outspending their fiat 
counterparts, with an average booking value of $1,211 per transaction, over 
2.5 times more than fiat users who spend $469.
Additionally, the report said crypto users were three times more valuable over 
their lifetime due to longer stays and higher repeat bookings, with crypto 
travelers 57% more likely to make a repeat hotel purchase.
_Source: Binance Pay, Travala_
Juan Otero, CEO of Travala, attributed these travel preferences to the 
flexible nature of Web3 jobs:
&gt; &#8220;Many also work in the digital asset industry or have flexible, remote work 
&gt; lifestyles, which makes them more likely to travel frequently and stay in 
&gt; one place for longer while seeking out destinations that support seamless, 
&gt; global payments.&#8221;
Crypto-based transactions have become more common in the travel sector and 
beyond. Airlines that have integrated digital currencies into their booking 
systems have seen a 40% boost in bookings, with travel and hospitality 
representing 14% of all crypto transactions in 2024, according to a Feb. 21 
report by Triple-A.
_**Related:**__**Crypto spending will grow, but fiat isn &#8216;t going anywhere: 
Mercuryo CEO**_
The main benefit of using crypto for travel is its borderless, global utility, 
Jonathan Lim, the global head of Binance Pay, told Cointelegraph. &#8220;Travelers 
can skip currency exchange lines, avoid foreign transaction fees, and pay 
instantly using assets they already hold,&#8221; he added.
A growing number of crypto users also drives the increase in travelers using 
crypto to pay for trips. Triple-A&#8217;s report shows that cryptocurrency ownership 
has a compound annual growth rate of 99%, significantly outpacing the growth 
of traditional payment methods. Among crypto owners, 65% express interest in 
using it for payments.
Founded in 2017, Travala is among the most popular crypto-native travel 
platforms, which enables users to pay for services like flights, hotel stays 
and tours with 141 different cryptocurrencies, including Bitcoin (BTC) and 
USDC (USDC) via Binance Pay.
_**Related:**__**Bhutan launches tourism crypto payments with Binance Pay and 
DK Bank**_
## **Crypto payment covers more and more retail industries**
The first real-world Bitcoin transaction &#8212; 10,000 BTC for two pizzas &#8212; 
occurred 15 years ago today, on May 22, 2010, now commemorated as Bitcoin 
Pizza Day. Since then, crypto payments have expanded into high-end retail, 
luxury goods and more recently, fast food.
_First real-world purchase using BTC Source:__bitcointalk.org_
The first retail businesses to accept cryptocurrency payments were primarily 
targeted at high-income consumers. In 2021, fashion brand Philipp Plein became 
one of the pioneers in accepting crypto, followed by Gucci, luxury watchmakers 
Franck Muller and Norgain, as well as high-end car dealerships and 
manufacturers.
As the crypto holder base expands, more retailers are beginning to accept 
digital currencies for everyday transactions. On May 16, American fast food 
outlet Steak&#8217;n Shake began to accept Bitcoin as payment.
Yet even with the Lightning Network implementation, a Steak&#8217;n Shake customer 
revealed that a $5 burger could cost over $8 with network fees and take over 
20 minutes to confirm payment.
_**Related:**__**Bitcoin accepted at fast food chain Steak &#8216;n Shake from May 
16**_
With Binance Pay, payments are confirmed within seconds. Lim told 
Cointelegraph that&#8217;s because &#8220;Binance Pay operates as an offchain, closed-loop 
payment solution within the Binance ecosystem.&#8221;
Still, most crypto travel payments on Travala are made using stablecoins like 
Tether&#8217;s USDt (USDT) and Cricle&#8217;s USDC (USDC). Binance Pay transactions are 
ultimately converted into fiat at the point of sale by the merchant or payment 
partner based on a predetermined exchange rate.
_**Magazine:**__**Crypto is used for payments in Georgia, not to get rich: 
Tbilisi Crypto City Guide**_

Crypto travelers bring 3x greater lifetime value than fiat users

A growing number of Singaporeans exited the crypto market in 2024, with 
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HUMA, the native token of RWA-focused PayFi network Huma Finance, is set to 
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The future of DeFi isn’t about choosing between privacy and compliance—it’s 
about designing resilient privacy frameworks.