There are exciting weeks in the cryptocurrency market, and then there are weeks like the last. It seemed like the last seven days were a steady chop for Bitcoin, bouncing between $26K and $27K in no particular direction.
The market is trading roughly where it was last week, currently sitting at $1.17 billion according to data from CoinGecko. This is due to minor movements of major coins such as Ethereum, Binance Coin, XRP, Cardano, and others. In fact, Bitcoin’s dominance is also almost the same as it was last week, which shows that the market has remained in balance, more or less.
This is not to say that interesting things did not happen elsewhere. The CEO of OpenAI (ChatGPT developers), Sam Altman, managed to successfully close a series C at $115 million for his crypto-focused project called Worldcoin.
That’s right, it looks like high-resolution retinal scans are coming.
But that is not all. Kwon, the infamous founder of the failed Terra ecosystem, was denied bail? Interestingly, this came after initial reports that the Montenegrin government is prepared to release him on bail worth over $400K. Bail was later denied. This means that he will still be in the local jail.
We’ve also had some interesting conversations with ChatGPT that you might like. For example, we asked what will happen to the Bitcoin price during and after the next halving in 2024, and the answer was kind of interesting.
In general, the last seven days have not provided much excitement, but it could well be the calm before the storm. If one thing is for sure, it’s that crypto markets don’t like to sit dormant for long, so a big move may be just around the corner.
Market Cap: $1.170 Billion | 24H Volume: $34 Billion | BTC dominance: 44.3%
BTC: $26,807 (-0%) | ETH: $1,833 (+1.3%) | BNB: $307 (-0.7%)
This Week’s Crypto Headlines You Better Not Miss
The 8 events that shocked the crypto world. The cryptocurrency industry has been through many shocking events. From the FTX crash to the Bitcoin Cash hard fork, we take a look at the 8 most shocking stories in the industry.
The 13th Day of Bitcoin Pizza: Reflecting on the transaction that changed the history of cryptocurrencies. Another year has passed and the time has come once again to celebrate Bitcoin Pizza Day. We reflect on the transaction that practically changed the history of cryptocurrency.
$115 Million For Worldcoin Secured: ChatGPT, OpenAI CEO Closes Successful Fundraiser. Sam Altman, the CEO of OpenAI, has successfully closed a $115 million funding round for his cryptocurrency-focused project called Worldcoin. The creator of ChatGPT is now looking to venture into the field of cryptocurrencies.
Terra co-founder Do Kwon is denied bail by Montenegrin court. Do Kwon, the co-founder of the collapsed Terra blockchain, was denied bail after receiving initial approval to be released for approximately $430K. He will remain in jail in Montenegro.
ChatGPT predicts what will happen to the BTC price during and after the 2024 Bitcoin halving. We decided to ask ChatGPT what he thinks of the Bitcoin price during the next 2024 halving event. The answer might surprise you. .
Explosion of MATIC addresses in polygon at 2-year highs: data. The growing adoption of proof of stake is reflected in considerable change in the industry. While Ethereum seems to be dominating the conversation, Polygon saw an explosion of MATIC addresses at a 2-year high.
This week we have a graphic analysis of Ethereum, Ripple, Cardano, Tron and Litecoin. Click here for the full price analysis.
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This post Bitcoin Flatlines Below $27K, ChatGPT CEO Fosters Crypto Efforts With $115 Million Fundraiser: This Week’s Roundup
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