Bitcoin to $1M by 2029 fueled by ETF and gov’t demand — Bitwise exec

Bitcoin’s expanding institutional adoption may provide the “structural” inflows necessary to surpass gold’s market capitalization and push its price beyond $1 million by 2029, according to Bitwise’s head of European research, André Dragosch. “Our in-house prediction is $1 million by 2029. So that Bitcoin will match gold’s market cap and total addressable market by 2029,”…

Bitcoin price about to ‘blast’ higher as Fed rate cut odds jump to 60%

Key takeaways: Bitcoin holds $95,000 as Fed rate cut odds rise to 60% for June 18 and the US economy slumps. Breaking $95,000 could push BTC’s price toward $100,000, while dropping below $93,000 may bring the $84,000 back into the picture. Key Bitcoin levels to watch remain around the long-term holders’ cost basis. Bitcoin (BTC)…

SUI Rises 4% as Asset Manager 21Shares Files for ETF

Swiss asset manager 21Shares has filed a S-1 registration form for a SUI exchange-traded fund (ETF) to the Securities and Exchange Commission (SEC). SUI is currently trading at $3.67, rising by 4% after the filing went live on the SEC’s website. “Since our earliest research into Sui, we believed it could become one of the…

Bitcoin rebounds from bearish US GDP data as dip buyers push BTC price back toward $95K

Key takeaways: Bitcoin bulls are attacking the $95,000 level again after today’s brief US GDP-induced sell-off. Traders are semi-agnostic to negative US economic data as they expect the Federal Reserve to resume easing and rate cuts at some point in the future. Bitcoin (BTC) price knocks on the door of $95,000 after starting the NY…

3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%

Key takeaways: Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles. ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally. The MVRV Z-Score has entered the accumulation zone, signaling undervaluation. Ethereum’s native token, Ether (ETH), is flashing a combination of…

Here’s what happened in crypto today

Today in crypto, Ripple reportedly made a $5 billion bid to acquire Circle, an elderly US citizen was targeted in a $330 million Bitcoin social engineering scam, and a court ruled that Tornado Cash cannot be sanctioned again. Ripple $4B-$5B bid to purchase Circle rejected — Report Blockchain payments firm Ripple has reportedly bid up…

XRP traders predict new all-time highs as ETF approval odds rise to 85%

Key takeaways: XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. However, a strengthening market structure and investors’ growing hope for a spot XRP ETF approval in the United States suggest that the altcoin might revisit its April peak at $2.36 in the short term.  XRP/USD…

Tether Finalizes Buying 70% of Adecoagro Stake, Shakes Up Board Members

Tether, the issuer behind the nearly $150 billion USDT stablecoin, has finalized the purchase of a 70% stake in the Latin American agricultural firm Adecoagro (AGRO), which has a market cap of nearly a billion dollars. Tether initially invested $100 million in Adecoagro in September 2024 for a 9.8% stake, then offered to increase it…

XRP traders predict new all-time highs as ETF approval odds rise to 85%

Key takeaways: XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. However, a strengthening market structure and investors’ growing hope for a spot XRP ETF approval in the United States suggest that the altcoin might revisit its April peak at $2.36 in the short term.  XRP/USD…

Here’s what happened in crypto today

Today in crypto, Ripple reportedly made a $5 billion bid to acquire Circle, an elderly US citizen was targeted in a $330 million Bitcoin social engineering scam, and a court ruled that Tornado Cash cannot be sanctioned again. Ripple $4B-$5B bid to purchase Circle rejected — Report Blockchain payments firm Ripple has reportedly bid up…