Avalanche's native token, AVAX, has experienced a dramatic downturn, shedding 29.12% of its value over the past week. In the last 24 hours alone, it plummeted by 14.05%, leaving investors concerned about its future.

Bitcoin rebounds toward $100K, boosting top altcoins BNB, ADA, and AVAX. Key levels to watch as technical setups hint at sharp moves ahead.

A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.

In a recent BeInCrypto-hosted discussion, Sofia Pashnina brought together representatives from Avalanche and Uplink to explore the potential of decentralized physical infrastructure networks (DePIN).

Internet Computer also fell 3.7%, joining Avalanche as a top underperformer.

Cardano (ADA) and Avalanche (AVAX), two popular altcoins, are experiencing notable corrections this week, with prices continuing to trend downward on Wednesday. Cardano has corrected by nearly 7%, while Avalanche is down over 8% since the beginning of the week.

Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

The Avalanche Foundation has recently launched a groundbreaking update for its network, called mainnet Avalanche9000. Presented as the “biggest network update”, it promises to reduce deployment costs and C-Chain fees by over 90%.

Avalanche9000 introduces customizable staking, gas fees, tokens, and geo-restrictions, offering developers more control over their Layer 1 blockchains.

Avalanche has launched its Avalanche9000 upgrade, significantly reducing the cost of launching layer-1 blockchains and smart contracts.

Avalanche's ‘biggest network upgrade' Avalanche9000 went live on the mainnet on December 16. However, AVAX's reaction to the upgrade has remained muted, as the altcoin appears poised to keep declining.

The Avalanche Foundation announced its ‘biggest network upgrade' in the form of Avalanche9000 mainnet. The new upgrade reduces deployment costs and C-Chain fees by more than 90%.

Billy Markus, the founder of Dogecoin, also known as Shibetoshi Nakamoto, has recently listed his top five favourite cryptocurrencies. The first on Markus's list is Dogecoin, which is quite expected since he is one of its creators.

Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record.

The much-anticipated Avalanche9000 upgrade is finally live on the Avalanche mainnet. According to the announcement on X, this will upgrade is crucial in ushering in a larger number of Layer-1 blockchains on the mainnet.

Avalanche (AVAX) launched its Avalanche9000 upgrade, transforming C-Chain and subnets. The project aims to draw in new app creators with a simplified, cheaper process of launching a L1.

The much-anticipated Avalanche9000 upgrade introduces improvements that make it cheaper and easier to launch “subnet” blockchains.

Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

The technical changes are designed to attract developers to the ecosystem and let them create their own customized blockchains, known as subnets.

Bitcoin institutional adoption surges, MicroStrategy makes another massive BTC purchase, and Avalanche secures major funding in today's edition of the weekly recap. U.S. Bitcoin ETFs breach $50.

Avalanche has consolidated over the past two weeks. With a bearish crossover, AVAX might decline before a breakout.

The price of Avalanche (AVAX) has continued its uptrend and recovered above the 21-day SMA support.

This week marked one of the largest single investments in blockchain infrastructure this year. The period also saw significant investments across infrastructure, AI, and financial services sectors, with cumulative funding exceeding $400 million.

Avalanche (AVAX), a prominent competitor to Ethereum (ETH), has secured $250 million through a token sale with backing from Galaxy Digital, Dragonfly, and ParaFi Capital.

Avalanche (AVAX) has faced substantial price fluctuations recently, but its recovery has generated hope for a potential breakout. After a sharp decline earlier in the week, AVAX has gained significant momentum, rising by 13.28% in a single day.

Ethereum (ETH) rival Avalanche (AVAX) has raised $250,000,000 from a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. According to a new announcement, Avalanche says that more than 40 companies participated in the sale, including SkyBridge, Hivemind and Morgan Creek Digital.

Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.

Avalanche has just raised a towering $250 million in a private crypto sale for the network's Ethereum-challenging blockchain. Lead investors Galaxy Digital, ParaFi Capital and Dragonfly were joined by more than 40 investment firms including Anthony Scaramucci's SkyBridge Capital and AI/crypto investment firm Morgan Creek Digital.

Avalanche (AVAX) has ignited excitement with a major announcement that could significantly impact users and the broader cryptocurrency sector. In a post on X, the Avalanche Foundation outlined a timeline regarding its much-anticipated upgrade.

The $250 million secured by Avalanche Foundation will be used to advance its Avalanche9000 upgrade to revolutionize blockchain scalability and adoption.

With the Avalanche9000 launch set to transform the Avalanche blockchain and expert AVAX price predictions signaling bullish momentum, what's next for AVAX?

Avalanche (AVAX) raised another $250M in a private funding round, its biggest financing injection so far.

Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s.

AVAX has rebounded 13.28% to $50.08 after finding support at $41, as retail buying offsets recent whale selling pressure while network adoption continues to grow.

AVAX could see a significant surge soon, provided buying activity picks up.

Avalanche Foundation has raised $250 million through a private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. AVAX prices gained nearly 9% after the announcement to trade at $52.80.

Layer 1 blockchain project Avalanche has successfully raised $250 million through a locked token sale. This signals strong support from prominent investors such as Galaxy Digital, Dragonfly, and ParaFi Capital.

The locked-token sale saw participation from more than 40 companies.

Avalanche secured $250 million from a fundraising round led by Dragonfly, ParaFi Capital, and Galaxy Digital.

The Avalanche Foundation announced raising $250 million through a private token sale to support its blockchain platform, according to a Dec. 12 statement. The funding round had around 40 participants, including leading firms such as Galaxy Digital, Dragonfly, and ParaFi Capital.

The Avalanche Foundation raised $250 million fundraising, with funds aimed at enhancing its platform's scalability and efficiency.

The sale follows shortly after the Avalanche9000 upgrade went live in a testnet environment.

More than 40 venture capital firms pitched in to help Avalanche Foundation raise $250 million ahead of its major "9,000" network upgrade.

The investment will support the Avalanche9000 upgrade, currently in testnet, designed to reduce blockchain deployment and transaction costs.

The Avalanche Foundation secured $250 million from investors like Galaxy Digital and Dragonfly to foster strategic partnerships.

Avalanche's funding boost signals growing confidence in blockchain scalability and multi-chain solutions, potentially reshaping crypto dynamics. The post Avalanche secures $250M in funding round led by Galaxy Digital, Dragonfly, and ParaFi Capital appeared first on Crypto Briefing.

Uplink is a decentralized internet connectivity platform, allowing users to share their existing internet and incentivizing new internet deployment in under connected areas.