U.Today – U.Today brings you the top three cryptocurrency news stories from the last day.
(BTC) Expects Epic Price Breakout This Week: Details
Yesterday, Bitcoin, the world’s largest cryptocurrency, experienced a significant price enhance, testing fresh levels that analysts believe could lead to a breakout and a fresh all-time high. One such analyst was Michaël van de Poppe; in a recent post on X, he wrote that BTC has already reached the $62,000 level and is currently “facing a key resistance zone” that appears to be hovering around the $65,000 price level. dollars. Van de Poppe expects an upside breakout for Bitcoin to occur this week or next, coinciding with broader market expectations for “Uptober.” At the time of writing, Bitcoin is changing hands at $66,883, up 1.57% in the last 24 hours, according to CoinMarketCap.
mints a giant stablecoin worth RLUSD 4.5 million in 24 hours
Ripple Stablecoin Tracker, an X account created to monitor the minting, redemption and transfer of the Ripple stablecoin RLUSD, reported that yesterday the fintech company minted 4.5 million RLUSD in 24 hours. The breakout occurred in the RLUSD vault, and an additional 260,000 RLUSD was also minted in the same location. The total amount minted during the said period reached RLUSD 4,760,000, with both batches ending up in unknown wallets. As a reminder, Ripple started testing RLUSD on XRP Ledger and mainnet in early August; The stablecoin is currently in private beta on both blockchains, allowing for extensive pre-launch testing. The recent minting activity is part of Ripple’s broader strategy to improve testing in preparation for its expected stablecoin launch later this year.
The author of the book “Rich Dad Poor Dad” publishes an vital warning for investors about the “fake dollar.”
Robert Kiyosaki, prominent financial guru and author of “Rich Dad Poor Dad,” recently turned to the X platform to address the dwindling value of the US dollar. He wrote that since President Nixon removed the dollar’s gold backing in 1971, “the U.S. dollar has been supported by U.S. Treasuries and bonds.” Then, according to the author, the currency became “fake”. Kiyosaki cited key findings from his book, emphasizing that wealthy people do not save “fake US dollars” and warning that “your home is not an asset.” He also stated that “savers are losers,” arguing that saving dollars has become meaningless due to significant devaluation over the decades. Additionally, Kiyosaki emphasized the importance of financial education in dealing with the complexities of finance and surviving economic challenges.
