Here’s a roundup of the top three news stories from the past day, brought to you by U.Today.
Here’s a roundup of the top three stories of the past day, as brought to you by U.Today.
More than 140,000 BTC from Mt. Gox hack will be returned: market effect
According to a recent warning issued by Mt. Gox, will be start payments in Bitcoin and Bitcoin Cash to its customers in July 2024. The redistribution of the aforementioned digital assets takes place more than a decade after the infamous 2011 hack, which resulted in a loss of approximately 700,000 BTC, and later in the bankruptcy and closure of the exchange. in 2014. As stated by Mt. Gox administrator Nobuaki Kobayashi, refunds will be made in Bitcoin and Bitcoin Cash in collaboration with multiple crypto exchanges. He stressed that the group has taken the time necessary to ensure “a safe and reliable payment to creditors.” This development could have a significant effect on the market, as the release of these funds could put considerable selling pressure on Bitcoin, which is already struggling to maintain its price above key levels.
Is July a bullish month for XRP? Price history says yes
Now that the blood-red month of June is coming to an end, it’s time to start looking forward until July, offering hope for more optimistic price behavior, at least for the XRP token. Price history data from CryptoRank demonstrates that over the past four years, July has been particularly bullish for XRP. As of 2020, the token’s minimum ROI in that month was 6.91% and the maximum was 48.1%. However, the five years that preceded the start of the new decade were not so brilliant and ended in the red. Because of this, the average ROI on XRP for each month of July since the token’s launch has been set at 5.56% year-to-date. The median, and most accurate indicator, indicates a nearly neutral gain of 0.07%. Therefore, based on historical data, XRP is expected to at least “not fall” and at most even grow in the coming month.
Gamza KhanzadaevBitcoin (BTC) Will Hit $1 Million Next Year, Samson Mow Predicts
Jan3 CEO and prominent Bitcoin enthusiast Samson Mow has recently taken to the X platform to share another bullish take on your preferred digital asset. In its mailMow claimed that Bitcoin will peak at $1 million “within the next year,” although many market participants doubt this outcome will become a reality. Samson Mow is well known for his long-term bullish Bitcoin price predictions; He often dedicates his X posts to the “$1 million per Bitcoin” scenario coming true as a result of “Omega candles,” or at least “Godzilla candles.” His certainty is likely due to the approval of Bitcoin spot ETFs in January and the fourth Bitcoin halving that took place at the end of April. After the SEC gave the green light to ETFs, the massive accumulation of BTC began. Mow then stated that spot ETFs will create a Bitcoin demand shock. In a subsequent prediction, the CEO on January 3 predicted that Bitcoin will skyrocket to $1 million once the demand shock meets the supply shock.
