Bitcoin Flatlines Below $27,000, ChatGPT CEO Boosts Crypto Efforts With $115M Fundraise: This Week's Roundup

Bitcoin Flatlines Below $27,000, ChatGPT CEO Boosts Crypto Efforts With $115M Fundraise: This Week's Roundup

There are exciting weeks in the cryptocurrency market, and then there are weeks like the last one. It felt like the last seven days had been a constant upswing for Bitcoin, fluctuating between $26,000 and $27,000 with no particular direction.

The market is trading more or less at last week's levels and is currently at $1.17 billion, according to data from CoinGecko. This is due to minor movements in major coins such as Ethereum, Binance Coin, XRP, Cardano and others. In fact, Bitcoin's dominance is also almost the same as last week, showing that the market has remained more or less in balance.

That's not to say that interesting things haven't happened elsewhere. The CEO of OpenAI (ChatGPT developer) – Sam Altman – managed to successfully close a Series C of $115 million for his crypto-focused project called Worldcoin.

That's right, it looks like high-resolution retinal scans are coming.

But that's not all. Was Kwon – the infamous founder of the failed Terra ecosystem – denied bail? Interestingly, this came after initial reports that the government of Montenegro was ready to release him on bail worth over $400,000. Bail was later denied. This means he will remain in the local prison.

We've also had some interesting conversations with ChatGPT that you might like to have. For example, we asked what will happen to the Bitcoin price during and after the upcoming halving in 2024, and the answer was somewhat interesting.

All in all, there hasn't been much excitement over the past seven days, but it might as well be the calm before the storm. One thing is for sure: cryptocurrency markets don't like to remain dormant for too long, so a huge move is imminent.

Market data

Market capitalization: $1,170 billion | 24-hour 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 are not to be missed

The 8 events that shocked the crypto world.The cryptocurrency industry has witnessed many shocking events. From FTX's collapse to Bitcoin Cash's hard fork, we take a look at the eight most influential stories in the industry.

Bitcoin's 13th Pizza Day: Reflecting on the transaction that changed cryptocurrency history.Another year has passed and it is time once again to celebrate Bitcoin Pizza Day. We reflect on the transaction that quite changed the history of cryptocurrencies.

$115 Million Secured for Worldcoin: OpenAI CEO ChatGPT Completes Successful Fundraising Campaign.Sam Altman, the CEO of OpenAI, has successfully closed a $115 million funding round for his crypto-focused project called Worldcoin. The inventor of ChatGPT now wants to venture into the cryptocurrency space.

Terra co-founder Do Kwon refuses to be released on bail by Montenegrin court.Do Kwon, the co-founder of the collapsed Terra blockchain, was denied bail after initially receiving approval to be released for around $430,000. He will remain in prison in Montenegro.

ChatGPT predicts what will happen to BTC price during and after the Bitcoin halving in 2024.We decided to ask ChatGPT what it thinks of the Bitcoin price during the next halving in 2024. The answer might surprise you.

MATIC Addresses on Polygon Explode to 2-Year Highs: Data.TheGThe increasing adoption of Proof-of-Stake reflects a significant shift in the industry. While Ethereum seems to dominate the conversation, Polygon saw an explosion in MATIC addresses to a 2-year high.

Diagrams

This week we have chart analysis of Ethereum, RippleCardano, Tron and Litecoin – click here for the full price analysis.

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