What Happened in Crypto Today: Bitcoin Price May Face Correction Soon
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What Happened in Crypto Today: Bitcoin Price May Face Correction Soon

Created 2mo ago, last updated 2mo ago

From Elon filing lawsuit against OpenAI to Bitcoin hitting new highs in over 30 countries, here is a 2-minute breakdown of everything important that happened in crypto today.

What Happened in Crypto Today: Bitcoin Price May Face Correction Soon

Table of Contents

You asked, and we delivered!

Our weekend edition last week clearly showed the demand from our readers for more weekend content covering the latest hot topics. So here we are, back again with the top three crypto stories of the day after yet another wild ride in the world of digital assets!

Today we're diving into:

Now let's get into the details of each story...

Elon Sues OpenAI

Elon just sued Sam Altman and OpenAI, the AI lab Elon co-founded back in 2015 when AI was gonna save humanity [and cats and dogs lived together in peace].

Apparently, OpenAI abandoned its non-profit, open-source roots...all to cash checks from Microsoft who poured billions into the startup.

Elon’s argument is that OpenAI was supposed to create AI for the people!

Is this the news that’s triggering a fall in WLD’s price? Read the full story!

Bitcoin Hits ATH

While the US is still chasing Bitcoin’s ~$69K record, BTC already beat its personal bests in over 30 other countries recently. Yup, you heard that right – over THREE-ZERO countries!

We’re talking major places like China, India, Japan. Even countries down under like Australia and Chile saw BTC touch all-time-highs when priced in local currencies.

So what’s fueling Bitcoin’s worldwide level-up session?

Well, a big factor is inflation going haywire across the globe right now. When your cash is losing value by the day, something like BTC holds its purchasing power way better by comparison.

But what other reasons are fueling this bull run in other currencies? Read the full story!

Could Bitcoin’s Party Be Over Soon?

Bitcoin’s been popping champagne after blasting past $60K. But one big brain says BTC is headed for a ~15% correction in weeks ahead.

Here’s the tea...

Daniel Yan warns markets are high on euphoria right now with the Fear & Greed index screaming extreme greed.

In Yan’s view, BTC is overheated after the ETF hype sent it soaring. He says macro fun-killers like the Fed and BTC’s halving could spark uncertainty and tank prices by March.

Even Arthur Hayes predicts BTC below $35K could be coming courtesy of global economics.

Who else supports this prediction? Read the full story!

And that wraps up this edition! See you next time. 👋

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