According to U.Today, Jan3 CEO Samson Mow has reiterated his bullish stance on Bitcoin, predicting that the cryptocurrency could reach $1 million within a year. Mow, known for his optimistic forecasts, made this statement in a recent post on X, formerly known as Twitter. He also asserted that Bitcoin's price would never fall below $60,000 again. Mow's predictions have sparked significant interest and debate within the crypto community.
In other news, Ripple-affiliated token XRP has registered a golden cross formation on its four-hour price chart. This technical pattern, which occurs when a shorter-term moving average crosses above a longer-term moving average, signals a potential bullish trend. Despite this positive indicator, XRP is currently trading down 6.56% over the past 24 hours, at $0.5698. However, the token has found strong support at the $0.381 and $0.403 levels, suggesting that the bullish trend may continue if the price remains above these marks.
Additionally, BlackRock's iShares Bitcoin Trust (IBIT) has achieved a significant milestone, surpassing $20 billion in assets under management (AUM) just six months after its launch. This achievement places IBIT ahead of both the United States Oil Fund (USO) and the iShares Silver Trust (SLV) in terms of assets. BlackRock's overall AUM has now risen to $10.6 trillion, with net flows topping $82 billion in the second quarter of this year. According to Nate Geraci, president of ETF Store, the recent inflows indicate strong interest from both retail and institutional investors.
