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#BnbAth Bitcoin’s price surged past $71,000, driven by $886 million inflows into U.S. spot Bitcoin ETFs and weak U.S. economic data suggesting potential Federal Reserve rate cuts. Analysts hint at the possibility of new highs this week, especially if weak U.S. economic data continues to support the case for rate cuts. Adding to the excitement, Robert Kiyosaki, the acclaimed author and investment guru, has set a staggering $350,000 Bitcoin price target by August 25, 2024.

#BnbAth

Bitcoin’s price surged past $71,000, driven by $886 million inflows into U.S. spot Bitcoin ETFs and weak U.S. economic data suggesting potential Federal Reserve rate cuts. Analysts hint at the possibility of new highs this week, especially if weak U.S. economic data continues to support the case for rate cuts.

Adding to the excitement, Robert Kiyosaki, the acclaimed author and investment guru, has set a staggering $350,000 Bitcoin price target by August 25, 2024.



Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Kan innehålla sponsrat innehåll. Se användarvillkor.
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#BnbAth In a recent interview on Fox Business, Ripple CEO Brad Garlinghouse expressed his strong belief in the potential for an XRP exchange-traded fund (ETF), predicting its launch by 2025. His optimism is grounded in the growing interest in diverse crypto investments and the evolving regulatory landscape in the United States. The conversation with Fox Business reporter Liz Claman provided Garlinghouse an opportunity to discuss the future perspectives of Spot XRP ETFs. Following the approvals for Bitcoin and Ethereum ETFs, Garlinghouse stated that XRP, alongside Solana (SOL) and Cardano (ADA), may be next in line to receive Spot crypto ETFs. Garlinghouse reiterated his confidence in the future of an XRP ETF, stating that it's "just simply inevitable." He emphasized the significance of offering investors a variety of commodities, including XRP, to trade. This move would provide a competitive alternative to existing ETH and BTC ETFs, as well as those for Solana and Cardano's digital assets.
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#btc70k The investment management firm VanEck recently announced an ambitious Ethereum (ETH) price target of $22,000 by 2030. This comes after the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum Exchange-Traded Funds (ETFs). According to VanEck’s analysis, several factors could drive this potential surge in Ethereum’s price, including positive investor sentiment about the newly approved ETFs, steady improvements in scaling, and insightful on-chain data. VanEck analysts Matthew Sigel, Patrick Bush, and Denis Zinoviev mentioned that this Ethereum price prediction represents a 487% increase from Ethereum’s current price, indicating a potential compound annual growth rate of 37.8%.
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#btc70k The inflow of spot Bitcoin ETF has recorded a new high of above 253.7K with a jump of 6.9K within the past day. Moreover, it has recorded a jump of 21K in BTCs inflow this week alone. The surge in Bitcoin ETF inflows lately, highlights the increasing adoption of the cross-border payment system. Further, the growing interest in crypto investment vehicles like ETFs is reshaping the landscape.
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#btc70k CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI). The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
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#btc70k CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI). The CoinDesk 20 declined 1.3% over the past week, with nine of the 20 assets in the gauge slipping more than 4%. The index was helped as its largest component – bitcoin (BTC) – advanced 1.3% and at least briefly broke back above $70,000.
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