Yesterday was again not an exciting day for bitcoin (BTC). Nevertheless, a number of interesting messages have come out about cryptocurrency number 1 in the world. The most interesting news was that Goldman Sachs, a prestigious US investment bank, for the first time performed a bitcoin futures transaction in Asia. It shows that these types of large banks are increasingly open to crypto and now even deal with it.
This is what happened to the bitcoin price while you slept
Bitcoin has risen 1.7% in the last 24 hours, but has fallen 0.6% since midnight. The BTC price at the time of writing is $ 20,400 on crypto exchange FTX† The European price of bitcoin is € 19,880 on the Dutch stock exchange bitvavo† Revenue, however, fell by 20% over the last 24 hours.
Bitcoin’s total market value is $ 389 billion at the time of writing. Bitcoin dominance is currently at 42.4%.
When will bitcoin reach new ATH?
Kaleo, a well-known analyst on Twitter, has shared his vision for the bitcoin price in the coming years. The analyst expects bitcoin to bottom around $ 16,000 and then hover between that price and $ 30,000 for the rest of the year. After that, the bitcoin price may finally break out.
– KALEO (@CryptoKaleo) July 6, 2022
According to the analyst, this outbreak will bring a lot of hype into the market and as a result, the price will make a big upward move. However, it will not lead to a new one all time high lead, says the analyst, who expects the price to peak around $ 50,000.
Over the next 18 months, the price will mainly move sideways and will also get more altcoins and sectors, such as. non-fungible token (NFT) sector, again more attention.
Kaleo emphasizes here how important bitcoin is halving is for the course. He expects bitcoin to only really rise sharply after the next halving in 2024. Bitcoin could then hit a new ATH and even top $ 100,000 in late 2024 or early 2025. Bitcoins also skyrocketed several months after each previous halving.
Kaleo also expects that in 2025 and 2026, the NFT sector will also grow in a way we have not seen before. Whether Kaleo is right, however, we will have to wait a few more years to find out. In any case, we will keep a close eye on developments.
Today’s first-class cryptanalysis: XRP
Crypto Insiders analysts recently discussed in Discord environment shared a new analysis of ripple (XRP). This shows that XRP can potentially be risky too tire† The price seems to make an Elliott Wave 12345 pattern where we are currently completing the downward fifth wave. This can eventually lead to a downward eruption.
The full analysis of the XRP award can be read in our Discord environment. You can also get in direct contact with experienced dealers, who are ready to answer all your questions.
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