This week has seen significant activity in the cryptocurrency world. Attention has been focused on the possible rise of Dogecoin, while hopes for a Bitcoin ETF to be approved continue to rise. Furthermore, Anthony Scaramucci's bold prediction about the value of Bitcoin attracted attention. Here's a quick look at these stories.
Dogecoin potential will reach $16
Crypto Analyst AMINSHEYBANI made a bold prediction last Thursday, stating that Dogecoin DOGE/USD could rise over 27,000% and potentially reach $16, breaking its all-time highs. The analyst believes that once DOGE breaks the $0.058 support level, a notable rally could occur. Read the full article here.
Dogecoin's path to the dollar
In other Dogecoin news, crypto analyst Ali suggested that DOGE is nearing the top of a multi-year descending triangle formation. He believes that a weekly candle close above $0.0835 could trigger a new DOGE bull run, potentially towards $1. Read the full article here.
Growing hopes for Bitcoin ETF approval
Cathie Wood, CEO of Ark Invest updated that hopes are rising for the SEC to approve a Bitcoin ETF. Ark Invest is one of several companies that have filed for Bitcoin ETFs with the SEC. Read the full article here.
Scaramucci's Bold Bitcoin Prediction
Anthony Scaramucci of SkyBridge Capital projects that Bitcoin BTC/USD The stock could soar 2,662% from its current valuation, potentially rivaling a $15 trillion asset class. He considers Bitcoin to be more valuable than gold. Read the full article here.
BlackRock CEO Comments on Bitcoin Rally
Responding to a controversy surrounding a false report claiming that BlackRock Inc. BLACK The application for an ETF from iShares Bitcoin Trust had been approved by the SEC, CEO Larry Fink stated that Bitcoin's subsequent rally indicates a "pent-up interest in cryptocurrencies." Read the full article here.
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