There are exciting weeks in the cryptocurrency market, and then there are weeks like the last one. It felt like the last seven days were a constant 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’s dominance is also almost the same as it was last week, showing that the market has remained in equilibrium – more or less.

This isn’t to say that interesting things didn’t 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 seems high-resolution retina scans are coming.

But that’s not all. Do Kwon – the infamous founder of the failed Terra ecosystem – was denied bail? Interestingly, this came following initial reports that the government of Montenegro is prepared to release him on bail worth over $400K. Later, the bail was denied. This means that he will continue staying at the local jail.

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Author: George Georgiev

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