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₿itcoin reached $72,940. -0.30%

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What we will talk about today...

📈🚀 Cryptocurrency Price Analysis: Top 10 Coins

🚀🤖 Elon Musk Announces Open Source Grok AI Amid OpenAI Lawsuit

📈🚀 Peter Schiff Discusses Key Factors Influencing Bitcoin Price Amid Halving Event

Cryptocurrency Price Analysis: Top 10 Coins

The crypto market rally is showing signs of slowing down, but Bitcoin and other cryptocurrencies are still attracting buyers. Here’s a quick look at the top 10 cryptocurrencies:

📊 Bitcoin (BTC): Bitcoin is showing strong buying interest. If it breaks above the current resistance, it could reach $80,000. If it falls below $70,000, it might test the support line.

📈Ether (ETH): Ether is trying to stay above $4,000. If it goes above $4,100, it could rise to $4,868. But be careful, as it’s overbought. Support is at $3,600.

🔄Binance Coin (BNB): BNB is doing well above $460. If it goes past $617, it could rally to $670. If it drops below $500, it might fall to $460.

🚀Solana (SOL): Solana is on the rise, with support at $153. If it stays above this, it could go up to $184. Key support is at $126.

🌊XRP: XRP is facing resistance at $0.74. If it can establish support at $0.67, it could rise to $0.85. If not, it might fall to the 20-day EMA around $0.62.

🍀Cardano (ADA): ADA is bouncing back from $0.68 support, aiming for $0.80. If it goes above $0.80, it could rise to $0.90. If it drops below $0.68, momentum might shift.

🐶Dogecoin (DOGE): DOGE is on the up, with support at the 20-day EMA. If it breaks $0.18 resistance, it could rally to $0.21, $0.24, and $0.30. Support is at $0.14.

🐕‍🦺Shiba Inu (SHIB): SHIB is consolidating after a rally. If it breaks above $0.000039, it could target $0.46. If it drops below $0.000029, it might reverse to $0.000026 and $0.000023.

🏔️Avalanche (AVAX): AVAX is rising above resistance, potentially retesting $50 support. If it stays above $50, it could rally to $67. If it drops, it might move to the 20-day EMA at $44.

🚀Toncoin (TON): TON is rallying after breaking $2.90 resistance. It could go up to $5 if support holds at $4 and $3.60. But be cautious, as it’s overbought.

As the crypto market goes through potential corrections and bullish trends, traders should stay alert and watch key levels for trading opportunities.📈📉

Elon Musk Announces Open Source Grok AI Amid OpenAI Lawsuit

Elon Musk has announced that xAI will release its AI chatbot, Grok, as open source. This challenges OpenAI’s closed model and comes during a lawsuit against OpenAI, heating up the competition in the AI field.

🔓 Grok AI Becomes Open Source

Musk announced on March 11 that Grok will become open source starting this week. Users have responded positively to this news.

🚀 Challenging Closed Models

Musk is suing OpenAI for allegedly breaking their nonprofit agreement. He argues that OpenAI’s partnership with Microsoft goes against their original commitment to open-source AGI.

💼 Legal Battle Continues

Musk’s lawsuit against OpenAI shows a clash in AI development ideologies. Musk supports open-source principles, while OpenAI has shifted to a for-profit model, which Musk criticizes.

🔍 Grok AI vs. ChatGPT

Grok, made by Musk’s xAI, is a competitor to OpenAI’s ChatGPT. Grok uses real-time data from the X social media platform, giving it unique capabilities. It surpasses ChatGPT-3.5 in some ways, but falls short of ChatGPT-4.

🌐 Promoting Open-Source AGI

Musk’s decision to make Grok open source aligns with his goal of promoting open collaboration in AI development. As the lawsuit continues, the future of AI innovation is uncertain, with different ideologies shaping its path.

This move to make Grok AI open source is a major step in the ongoing battle between Elon Musk’s xAI and OpenAI, highlighting the larger debate about making AI technology more accessible.🤖📈

Peter Schiff Discusses Key Factors Influencing Bitcoin Price Amid Halving Event

Peter Schiff, an economist and gold supporter, has shared his thoughts on the upcoming Bitcoin halving. He believes that the selling behavior of current Bitcoin holders is more important than the halving event in determining the price of Bitcoin.

💡 Schiff’s View on Bitcoin Halving

Schiff, on social media platform X, explained that the halving event reduces the growth rate of Bitcoin’s supply, but it doesn’t halve the total supply, as over 90% of all bitcoins already exist. He suggests that the selling decisions of current holders are crucial for Bitcoin’s price.

🔗 Public Response and Counterarguments

Schiff’s comments sparked reactions, with many users emphasizing the fixed total supply of 21 million bitcoins. Some users argued that Bitcoin’s scarcity and decreasing inflation rate make it a better store of value than gold.

📈 Bitcoin’s Price Increase and Schiff’s Cautions

Schiff’s comments come as Bitcoin’s price is rising, even surpassing its previous highest value. Despite bubble warnings and “pump and dump” concerns, Bitcoin’s price continues to rise, partly due to increased demand for Bitcoin ETFs.

Schiff’s views add to the ongoing discussion about Bitcoin’s value and its role in finance as the debate intensifies.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎