BitGo Cuts 15% Workforce to Focus on Core Areas
- Layoff Announcement: BitGo has announced a nearly 15% workforce reduction, affecting about 90 roles, as it reallocates resources towards security, trading, stablecoins, and AI infrastructure, reflecting the company's adaptability to market changes.
- Ongoing Hiring: Despite the layoffs, BitGo lists 51 open positions on its website across various fields including engineering, compliance, and customer success, indicating that the company is actively recruiting personnel that align with its new strategic focus.
- Market Pressure: BitGo's shares closed at $4.80 on June 25, down 73.33% from its $18 IPO price in January, adding pressure on the company to demonstrate growth potential while managing costs effectively in the public market.
- Industry Context: The layoffs occur amid widespread job cuts in the tech sector, with over 119,000 tech workers losing their jobs in 2026, highlighting BitGo's urgency in responding to market pressures and restructuring needs.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00669 | 0.0121 | 0.0163 | 0.0217 | 0.0259 | 0.0313 | 0.0355 |
| Fibonacci | 0.0121 | 0.0158 | 0.0181 | 0.0217 | 0.0254 | 0.0277 | 0.0313 |
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