Crypto News LIVE Updates: Bitcoin Price Flux Near $40K, Elon Musk’s xAI Secures $500 Mln

Crypto News LIVE Updates: Bitcoin echoed a speculative buzz across the broader crypto market once again, as the token’s price slipped past the $40 mark briefly today, after facing a pullback to $38K yesterday. As of writing, the Bitcoin price noted a 2.36% jump over the past 24 hours and is currently trading at $39,981. However, the BTC price witnessed a flux near the $40K mark today. Meanwhile, altcoins like Ethereum, Solana, and XRP continued to witness a slump, collectively plunging 3%-6%, garnering significant attention globally.

On the other hand, Elon Musk’s artificial intelligence, xAI (Grok), recently announced that the project has successfully secured $500 million in investments. With this, the AI project is one step closer to its $1 billion evaluation goal, although the bigger picture is for a $15 billion evaluation, according to sources familiar with the matter.


04:00:59 PM IST, 24 January 2024

Crypto News LIVE: Healthy Retracement Sets SUI price for 20% Rally

Defying the current market sell-off, the SUI token price showcased its suitability above the combined support of $1 and 38.2% Fibonacci retracement levels. The renewed demand pressure at strategic pullback support uplifted SUI prices by 22.5% to $1.24 over the last three days. Under the influence of the rounding bottom pattern, the coin price could rise another 21.5% to hit $1.5, followed by $1.7.

01:18:09 PM IST, 24 January 2024

Crypto News LIVE: Solana Price Prediction: Top Crypto Analyst Jonny Foresees a Potential Surge to $100

The crypto analyst Jonny recently made a noteworthy prediction regarding the trajectory of Solana’s value. He suggested that despite the current upswing, there’s a possibility of a surging to the $100 level soon. Previously, Solana exhibited strong liquidity below the $80 threshold. However, Jonny anticipates a potential rebound, eyeing a resurgence towards the $100 benchmark.

As of the latest updates, Solana price is trading at $86.47, showcasing a robust increase exceeding 7% in the past 24 hours. This upward movement underscores a growing bullish sentiment in the market. Solana holds the fifth position in market capitalization, which is an impressive $37 billion. The market’s dynamics hint at an intriguing phase for Solana, aligning with Jonny’s analysis of future price

03:38:36 PM IST, 24 January 2024

Crypto News LIVE: Thirdweb Partners XAI To Boost On-Chain Web3 Gaming

XAI, a Web3 gaming platform, recently announced plans to collaborate with Thirdweb, a full-stack Web3 platform, to create an on-chain game engine that propels Web3 gaming.

03:14:20 PM IST, 24 January 2024

Crypto News LIVE: Top 7 BLUR Holders Nab Colossal Profits

On-chain data hovering over the crypto horizon suggests that the top 7 BLUR token holders garnered an unrealized profit worth $55 million, sparking immense curiosity among crypto market fanatics globally. These wallets accumulated BLUR from Coinbase subsequent to the monthly unlocks since June 2023 and still hold 5.86% of the total supply.

02:53:44 PM IST, 24 January 2024

Crypto News LIVE: OKX Ventures Unveils Strategic Collaboration With Orbiter Finance

OKX Ventures, the investment arm of the Web3 company OKX, recently announced that it is strategically merging forces with Orbiter Finance, a decentralized cross-L2 protocol.

02:24:33 PM IST, 24 January 2024

Crypto News LIVE: CryptoQuant CEO Unwraps Potential Factors Behind Bitcoin Price Dip

CryptoQuant CEO Ki Young Ju recently ruled out potential causes that might have impacted Bitcoin’s price run over the past few days. In his statement, the CEO held derivative market selling accountable for BTC fall, not GBTC. Furthermore, he cracks down on OTC markets’ robust functioning, contrasting it with negligible price impacts within the market.

02:04:13 PM IST, 24 January 2024

Crypto News LIVE: Bitcoin Bull Cathie Wood Spotlights Bitcoin’s Dominance

Cathie Wood, CEO of Ark Invest, recently highlighted the rising market dominance of Bitcoin, pointing toward BTC mining in particular. She further illuminated the vast differences between the revenue generated by Bitcoin mining and some of the most prominent publicly traded companies across the globe.

01:40:58 PM IST, 24 January 2024

Crypto News LIVE: Top Crypto Analyst Anticipates Bitcoin Price Close Under $38,000 Could Trigger A Downturn

One of the top crypto analysts, Ali Martinez, recently spotlighted Bitcoin’s run on the weekly chart. As per Ali’s analysis, a close below the $38,00 mark could signal a downturn for the token.

01:19:04 PM IST, 24 January 2024

Crypto News LIVE: Bitcoin Mining Firm Core Scientific Readies For Nasdaq Return

Core Scientific, a renowned Bitcoin mining firm, recently blossomed again as it recovered from Chapter 11 bankruptcy. With this, the firm advances further for its return to Nasdaq, reducing debt by a staggering $400 million.

01:00:32 PM IST, 24 January 2024

Crypto News LIVE: Coinbase CLO Clamps Down On US SEC In Crowd Machine Lawsuit.

Coinbase’s Chief Legal Officer, Paul Grewal, recently criticized a court ruling that favored the U.S. SEC in the Crowd Machine lawsuit.

12:36:31 PM IST, 24 January 2024

Crypto News LIVE: SEC Could Gain Grounds In XRP Sales Discovery Requests

In a gust of developments witnessed around the U.S. SEC’s and Ripple’s ongoing tussle, the SEC appears to have gained the upper hand, arguing that its remedies-related discovery requests are procedurally proper. With this, the regulatory body now eyes penalties from Ripple in the XRP lawsuit.

12:12:00 PM IST, 24 January 2024

Crypto News LIVE: HTX DAO Reveals Strategic Partnership

HTX DAO recently unveiled a monumental achievement for the organization, announcing three noteworthy partners in the project. Notably, the DAO is partnering with Starfield Capital, an investment firm jacking up Web3 projects, Justin Sun’s JUST Foundation, and JustLend DAO, a TRON-powered money market protocol, to facilitate its journey through the DeFi realm.

11:52:44 AM IST, 24 January 2024

Crypto News LIVE: Bitget Unveils ONDO Listing

Bitget, one of the most renowned crypto trading platforms, recently unveiled plans to list Ondo Finance’s native token, ONDO, on its network. This follows the Coinbase-backed firm’s recent plans to expand to the APAC region.

Meanwhile, the token is pegged to USDT, aiming for more robust and efficient trading across the platform.

11:33:43 AM IST, 24 January 2024

Crypto News LIVE: Senior ETF Analyst At Bloomberg Spotlights GBTC Outflows

Eric Balchunas, the senior ETF analyst at Bloomberg, recently highlighted GBTC’s outflows as it neared the $515 mark on Wednesday. He further claimed that these outflows were better than what the analyst initially expected, underlining a gradual improvement.

11:14:35 AM IST, 24 January 2024

Crypto News LIVE: BitMEX CEO Eyes Bitcoin Under $35K For Strategic Buy

BitMEX CEO Arthur Hayes recently shared his POV on the Bitcoin market, asserting a potential decline of 30% in Bitcoin’s price post-ETF inception.

Meanwhile, he firmly believes that the token could find support within the $30,000 and $35,000 range, ruling out plans for his strategic buy if the situation occurs.

10:50:57 AM IST, 24 January 2024

Crypto News LIVE: Trader Loses Stablecoins To Phishing Scheme

As per insights offered by PeckShieldAlert, a trader with the address 0xf8EB…F807 fell victim to a phishing scheme that resulted in the loss of $1.3 million worth of stablecoins on Ethereum, BNBChain, and Arbitrum.

The trader lost 154.16K USDC on Ethereum, 300.34K USDT on Arbitrum, and 834.24K USDT on BNBChain.

10:32:31 AM IST, 24 January 2024

Crypto News LIVE: Celsius-linked wallet Transfers 18K ETH To Coinbase

A Celsius-linked wallet has again shifted 18K ETH, worth $40 million, to Coinbase on Wednesday, January 24.

Meanwhile, the wallet has already deposited a staggering $280,760 worth of ETH to…

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