Bitcoin slides below $27,000 as US debt ceiling negotiations continue
Bitcoin (BTC) has continued to fall, dipping below $27,000 as investors monitor the debt ceiling negotiations happening in Washington. The world’s leading cryptocurrency has seen a significant decline in value over the past few weeks, leading to concerns about its future.
Defiance ETFs CEO Sylvia Jablonski and Galaxy Digital global head of trading Jason Urban have discussed their thoughts on the current state of the crypto markets. Both experts pointed out that there is still a lot of uncertainty surrounding cryptocurrencies, which has led to speculation and market volatility. However, they agreed that blockchain technologies show promise and that the sector is likely to grow in the coming years.
Meanwhile, Pudgy Penguins CEO Luca Netz has announced that the NFT brand has secured $9 million in funding. The company specializes in producing unique and collectible NFTs, which have become increasingly popular in the art and gaming industries.
In other news, New York University Professor Emeritus Gary Marcus has weighed in on the debate surrounding artificial intelligence guidelines. Marcus responded to a Senate hearing where OpenAI CEO Sam Altman testified about the need for ethical AI development.
As the crypto markets continue to fluctuate, investors are advised to keep a close eye on the latest developments and insights from industry experts.