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“It will reach a million dollars”: Samson Mow mentions a possible time frame
Jan3 CEO Samson Mow is known for his optimism towards Bitcoin, and his X profile is packed with optimistic predictions about the flagship cryptocurrency’s price. True to form, Mow has recently doubled down on his famous “million dollars for Bitcoin” prediction. “Bitcoin is going to hit $1 million. I’m not sure,” the CEO wrote in his X post on Tuesday, July 16. In response to comments from his followers, Mow specified that this price level could possibly be reached within a year. This wasn’t the only prediction made by Mow this week; on Monday, July 15, the CEO wrote that in his opinion, the BTC price would never fall below the $60,000 mark again.
Just obtained the golden cross: Details
Yesterday, Ripple-affiliated token XRP registered a golden cross formation on its four-hour price chart. This pattern occurs when a short-term moving average, such as the 50 SMA, crosses above a long-term moving average, such as the 200 SMA. The golden cross formation validated XRP’s uptrend and signaled the potential for continued upward momentum. However, at the time of writing, XRP is trading down 6.56% over the past 24 hours at $0.5698. Still, it seems like XRP has found strong support at the $0.381 and $0.403 marks. The uptrend is likely to continue as long as XRP price remains above current levels.
BlackRock's BTC ETF hits a huge milestone
According to recent blockchain data, just six months after the launch of BlackRock’s (NYSE:) iShares Bitcoin Trust (IBIT), it has surpassed $20 billion in assets under management (AUM). To put this into perspective, IBIT currently holds more assets than the United States Oil Fund (NYSE:) and iShares Silver Trust (NYSE:) combined. Currently, BlackRock’s overall AUM has grown to $10.6 trillion, and its net flows exceeded $82 billion in the second quarter of this year. According to ETF Store President Nate Geraci, based on the recent spate of inflows, investors and institutional investors are “clearly” coming to the party.
This article was originally published on U.Today
