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Crypto Market Eyes $5T
Ripple CEO Brad Garlinghouse remained optimistic about the crypto market in 2024, predicting it would surpass $5 trillion by year-end. At the time, with the market already up 60% to $2.6 trillion, Garlinghouse attributed the growth to macro factors like the upcoming Bitcoin halving and the launch of spot Bitcoin ETFs, which were attracting institutional investors. He also highlighted the potential for positive regulatory momentum in the US as a key factor for further growth.
Egrag, a crypto trader, has shared an analysis, suggesting that $XRP could achieve 10% to 20% market dominance in the cryptocurrency industry. He believes the price could increase by over 600% to $8 if the total crypto market cap surpasses $5 trillion, as Ripple’s CEO has predicted.
#XmasCryptoMiracles
Ripple CEO Brad Garlinghouse remained optimistic about the crypto market in 2024, predicting it would surpass $5 trillion by year-end. At the time, with the market already up 60% to $2.6 trillion, Garlinghouse attributed the growth to macro factors like the upcoming Bitcoin halving and the launch of spot Bitcoin ETFs, which were attracting institutional investors. He also highlighted the potential for positive regulatory momentum in the US as a key factor for further growth.
Egrag, a crypto trader, has shared an analysis, suggesting that $XRP could achieve 10% to 20% market dominance in the cryptocurrency industry. He believes the price could increase by over 600% to $8 if the total crypto market cap surpasses $5 trillion, as Ripple’s CEO has predicted.
#XmasCryptoMiracles
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Bitcoin Plunge Under $68,000 Squeezes $668 Million Crypto Longs
Data shows over $668 million in cryptocurrency long contracts have been squeezed following Bitcoin’s crash under the $68,000 level.
Bitcoin Has Registered A Drop Of 7% In The Last 24 Hours
Right after setting a fresh all-time high (ATH) not too far from the $74,000 level, the Bitcoin price has reversed its trajectory sharply during the past day.
The below chart shows how the digital asset has performed recently.
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Bitcoin Has Registered A Drop Of 7% In The Last 24 Hours
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