U.Today –
‘Going to $1 Million’: Samson Mow Gives Possible Timeline
Jan3 CEO Samson Mow is known for his bullish stance on Bitcoin, and his X profile is full of bullish price predictions for the flagship cryptocurrency. True to form, Mow recently doubled down on his eminent “$1 million for Bitcoin” prediction. “Bitcoin is headed to $1 million. I’m not unsure,” the CEO wrote in his X post on Tuesday, July 16. Responding to comments from his followers, Mow stated that this price level could be reached within a year. This wasn’t Mow’s only prediction this week; on Monday, July 15, the CEO wrote that he believes BTC will never drop below $60,000 again.
gold cross just secured: Details
Yesterday, Ripple-related token XRP registered a golden cross formation on its four-hour price chart. This pattern occurs when a shorter moving average, such as the 50 SMA, crosses over a longer moving average, such as the 200 SMA. The golden cross formation confirmed XRP’s bullish streak and signaled the potential for further growth. However, at the time of writing, XRP is down 6.56% in the past 24 hours to $0.5698. XRP still appears to have found powerful support at $0.381 and $0.403. The uptrend is likely to continue as long as XRP price stays above current levels.
BlackRock’s BTC ETF Hits Huge Milestone
Just six months after launching, BlackRock’s (NYSE:) iShares Bitcoin Trust (IBIT) has surpassed $20 billion in assets under management (AUM), according to the latest on-chain data. To put that in perspective, IBIT now has more assets than the United States Oil Fund (NYSE:) and iShares Silver Trust (NYSE:) combined. BlackRock’s total AUM has now grown to $10.6 trillion, and its net flows exceeded $82 billion in the second quarter of this year. According to ETF Store CEO Nate Geraci, based on the recent series of inflows, investors and institutional investors are “clearly” showing up to the party.
