Day: July 6, 2024

Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap

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Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision Group, has predicted that the global crypto market will reach a market capitalization of $100 trillion. The financial expert has maintained a strong bullish position for the future of the industry, outlining several reasons why he believes the market will jump 44X from its current market capitalization.  Related Reading Crypto Market To Hit $100 Trillion Market Cap  In a recent YouTube interview on the Blockworks Macro channel, Pal predicted that the total market capitalization of the crypto industry…

Mantra surges 22% despite Bitcoin sell pressure, Multiverse shines

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Mantra (OM) is up over 8% in the past 24 hours, amid broader crypto market volatility. Mantra’s bullish momentum The Relative Strength Index (RSI) indicates upward price movement in the neutral zone, suggesting potential without being overbought. Additionally, the Moving Average Convergence Divergence (MACD) has signaled bullish sentiment as the signal line crosses above the MACD line. Market sentiment surrounding Mantra remains positive, highlighted by a 7.9% surge in 24-hour trading volume, totaling over $50 million in OM tokens traded. This uptick underscores increasing investor confidence in the project’s growth…

Inflows to US spot Bitcoin ETFs spike $143.1m, investors buy dip

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Spot Bitcoin ETFs, or exchange-traded funds, experienced their highest inflows on July 6 following a substantial price drop in Bitcoin, below $55,000, during the U.S. July Fourth holiday. The latest data shows an influx of $143.1 million into these investment vehicles.  Fidelity Bitcoin ETF (FBTC) is leading the charge, attracting $117 million. Close behind, the Bitwise Bitcoin ETF (BITB) saw $30.2 million in inflows, contributing to its impressive growth in holdings, now over 38,000 Bitcoins. Bitcoin ETF Flow (US$ million) – 2024-07-05 TOTAL NET FLOW: 143.1(Provisional data) IBIT: 0FBTC: 117.4BITB:…

UK High Court Grants Worldwide Freezing Order Against Craig Wright

The UK High Court has granted a Worldwide Freezing Order (WFO) against Craig Wright, amounting to £1.548 million (approximately $1.98 million). This decision stems from Peter McCormack’s application, which argued for the necessity of the WFO due to Wright’s fundamentally fraudulent defamation claim. Wright had asserted he was Satoshi Nakamoto, Bitcoin’s creator, and sought damages […] Source CryptoX Portal

XRP shows resilience amid crypto market volatility

XRP, the native token of Ripple’s open-source XRP Ledger, displays positive technical signals despite recent volatility in the broader crypto market. The cryptocurrency exhibits relative strength compared to Bitcoin, and short-term price forecasts suggest potential upward movement. Over the past 24 hours, Ripple (XRP) has increased in price by 4.3%. Analyzing XRP’s technical indicators reveals a mixed picture, with some positive signs. The 5-day and 20-day moving averages have formed a bullish crossover, suggesting potential upward momentum. However, bearish crossovers are evident between the 20-day and 50-day moving averages and…

Expert Predicts When Bitcoin Price Will Reach Its Cycle Highs

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Crypto analyst Rekt Capital has provided insights into when the price of Bitcoin will reach its cycle highs. His analysis has provided reassurance that the flagship crypto is still far from a market top despite its recent decline to new lows this week.  Related Reading When Will Bitcoin Peak In This Bull Run Rekt Capital mentioned in an X (formerly Twitter) post that Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history were to repeat itself. The analyst noted that Bitcoin peaked 518 days after…