This week in the cryptocurrency market, Bitcoin’s price remained in a tight range between $26K and $27K. With no particular direction, the market was relatively stagnant with no major movements from either side.
The current market is trading at around $1.17 billion, mostly unchanged from last week. Despite minor movements from coins like Ethereum, Binance Coin, XRP, Cardano, and other major cryptos, Bitcoin still maintains most of its dominance, showing that the market is still fairly balanced.
But this doesn’t mean that nothing happened in the crypto world, as there are some really interesting news to report. Sam Altman, CEO of OpenAI, which is the software development company behind ChatGPT, recently closed a series C worth $115 million in order to fund his trying to foray into the crypto industry through his project Worldcoin. This could potentially bring the capability for high-resolution retina scans into the market.
In addition to the, Do Kwon, the founder of the failed Terra ecosystem, was denied bail despite reports that the government of Montenegro was ready to release him for roughly $430,000. This means that Do Kwon will remain in jail in Montenegro for the time being.
We also had the opportunity to have a conversation with ChatGPT about what it thinks will happen with Bitcoin’s price during and after the halving in 2024. Its answer provided some insightful predictions.
While the previous week was slow in terms of major movements, many investors are hopeful that this is just the calm before the storm—the cryptocurrency market rarely stays passive for long.
ChatGPT is a subsidiary of OpenAI, a software development company founded by Sam Altman in 2020. Its goal is to build highly advanced natural language processing technology to be used to revolutionize the way people interact with machines. ChatGPT is the flagship product of OpenAI, being a powerful conversational AI system used by corporations and organizations all over the world.
Sam Altman is a well-known entrepreneur in the tech industry. He is the CEO of OpenAI, a software development company, as well as the co-founder of Y Combinator, a startup accelerator based in Silicon Valley. He is also an investor in various technology startups, including Coinbase and Cruise Automation. Sam recently closed a Series C worth 115 million for his crypto-focused project called Worldcoin, showing his continuing commitment and interest towards the crypto industry.
