Crypto News LIVE Updates: Bitcoin Slips Past $39K, Elon Musk’s xAI Secures $500 Mln In Investments
Bitcoin’s price has once again sparked speculation in the broader crypto market as it slipped past the $39 mark. Yesterday, it experienced a pullback to $38K but has now dropped by 1% over the past 24 hours and is currently trading at $39,568. Meanwhile, altcoins like Ethereum, Solana, and XRP continue to decline, with a collective plunge of 3%-6%, attracting significant global attention.
Elon Musk’s xAI Secures $500 Million in Investments
Grok, Elon Musk’s artificial intelligence project known as xAI, recently announced that it has successfully secured $500 million in investments. This brings the project one step closer to its goal of achieving a $1 billion valuation. However, sources familiar with the matter reveal that the ultimate aim is to reach a valuation of $15 billion.
Hot Take: The Crypto Market Remains Volatile
The recent movements in the crypto market highlight its volatility. While Bitcoin experiences fluctuations and captures attention with its price movements, other altcoins also face significant declines. Additionally, Elon Musk’s xAI project continues to gather investments as it progresses towards its ambitious valuation goals. These developments demonstrate the dynamic nature of the crypto industry and its potential for both gains and losses.
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