Bitcoin has fallen below the $100,000 mark as the cryptocurrency market continues to experience a significant downturn, shedding over $1 trillion in value since October. The decline is compounded by macroeconomic uncertainties in the U.S., including canceled data releases and declining consumer confidence.
In the crypto sector, several funding rounds have been announced. Grass, a decentralized data layer for AI, raised $10 million in a round led by Polychain. Meanwhile, Better Payment Network (BPN) secured $50 million to enhance its programmable cross-border payments layer. Additionally, Orochi Network, a privacy-focused zero-knowledge engine, raised $20 million in a funding round led by the Ethereum Foundation and MEXC, aiming to provide verifiable data infrastructure using ZK proofs and fully homomorphic encryption (FHE).
Bitcoin Dips Below $100,000 Amid Market Downturn; Orochi Network Secures $20M
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