Bitcoin Flatlines Below $27K, ChatGPT CEO Advances Crypto Efforts With $115M Fundraiser: This Week’s Recap

It’s been an exciting week in the cryptocurrency market, and then there are those like last week. It felt like the last seven days were one continuous chop for bitcoin, bouncing between $26K and $27K with absolutely no particular direction.

The market is trading more or less where it was last week, and it currently sits at $1.17 billion per data from CoinGecko. This comes on the back of minor movements from major coins such as Ethereum, Binance Coin, XRP, Cardano and others. In fact, bitcoin dominance is also roughly the same as it was last week, indicating that the market remains in balance – more or less.

That’s not to say that interesting things didn’t happen elsewhere. The CEO of OpenAI (ChatGPT Developers) – Sam Altman – managed to successfully close a Series C on $115 million for a crypto-focused project called WorldCoin.

That’s right, it looks like higher-resolution retinal scans are coming.

but that’s not all. Why was Du Kwon – the infamous founder of the failed Terra ecosystem – denied bail? Interestingly, this comes after initial reports that the government of Montenegro is set to release him on bail of more than $400K. Bail was later rejected. This means that he will remain in the local jail.

We’ve also had some interesting conversations with ChatGPT that you might like to check out. For example, we asked him what would happen to the price of bitcoin during and after the upcoming halving in 2024, and the answer was somewhat interesting.

Overall, the last seven days have failed to provide much excitement, but this could well be the calm before the storm. If one thing is for sure, it is that crypto markets do not like to remain inactive for too long, so a big move could be just around the corner.

market data

Market Cap: $1,170B | 24h Vol: $34B | 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

8 Events That Shook the Crypto World. The cryptocurrency industry has gone through several shocking events. From the collapse of FTX to the Bitcoin Cash hard fork, we take a look at 8 of the most impactful stories from the industry.

Bitcoin’s 13th Pizza Day: Reflecting on the Transaction That Changed Crypto History. Another year has passed, and it’s time again to celebrate Bitcoin Pizza Day. We consider the transaction to have significantly changed crypto history.

$115M for Worldcoin Secure: ChatGPT, OpenAI CEO closes successful fundraiser. OpenAI CEO Sam Altman successfully closed a $115 million funding round for a crypto-focused project called WorldCoin. The creators of ChatGPT are now looking to enter the cryptocurrency space.

Terra co-founder Do Kwon has been denied bail by a Montenegro court. Do Kwon, the co-founder of the collapsed Terra Blockchain, has been denied bail after receiving preliminary approval to be released for around $430K. He will remain in prison in Montenegro.

ChatGPT predicts what will happen to BTC price during and after the 2024 bitcoin halving. We decided to ask ChatGPT about what they think about the bitcoin price during the next halving event in 2024. The answer may surprise you.

Matic Addresses 2-Year High on Polygon Explode: Data. YesThe adoption of proof-of-stake reflects a paradigm shift in the industry. While Ethereum seems to be dominating the conversation, Matic addresses saw an explosion at a 2-year high.

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