Crypto News Digest from U.Today

"Going to $1 Million": Samson Mow Names Possible Time Frame

CEO Samson Mow is well-known for his optimistic outlook on Bitcoin, frequently sharing bullish forecasts for the cryptocurrency. Recently, Mow reaffirmed his prediction that Bitcoin could reach $1 million. In a post on July 16, he stated, "Bitcoin is going to $1 million. I am not uncertain." When responding to comments from his followers, he indicated that this milestone could potentially be achieved within a year. Additionally, on July 15, Mow expressed his belief that the price of Bitcoin would never fall below $60,000 again.

XRP Secures Golden Cross: Key Details

On its four-hour price chart, the Ripple-affiliated token XRP recently formed a golden cross. This pattern arises when a shorter-term moving average, like the 50-day SMA, crosses above a longer-term moving average, such as the 200-day SMA. The emergence of this golden cross supports XRP’s bullish trend, suggesting the potential for further upward movement. At the time of writing, however, XRP has seen a decline of 6.56% over the past 24 hours, trading at $0.5698. Despite this dip, XRP seems to have established solid support levels between $0.381 and $0.403, indicating that the bullish trend could persist as long as the price remains above these levels.

BlackRock’s BTC ETF Achieves Significant Milestone

Recent on-chain data reveals that just six months after launching its iShares Bitcoin Trust, BlackRock has exceeded $20 billion in assets under management (AUM). This achievement means that the Bitcoin Trust holds more assets than both the United States Oil Fund and the iShares Silver Trust combined. BlackRock’s total AUM has reached $10.6 trillion, with net flows exceeding $82 billion in the second quarter of this year. Nate Geraci, president of ETF Store, noted that given the recent influx of investments, both retail and institutional investors are actively participating in the market.