U.Today keeps you updated with the three most significant crypto news stories that happened yesterday.
Ripple CEO makes stunning market prediction
Based on a recent article from CNBC, Brad Garlinghouse, CEO of Ripple based in San Francisco, believes the total value of the cryptocurrency market will surpass $5 trillion this year. He expressed his confidence in the industry’s current progress. Factors potentially shaping the crypto market, as per Garlinghouse, include favorable economic conditions and the introduction of Bitcoin ETFs, along with the upcoming halving event for Bitcoin. This is reportedly the first instance of “institutional money” flowing into the industry. Previously, U.Today announced that Garlinghouse expressed excitement regarding the SEC’s approval of spot Bitcoin ETFs, stating its importance and potential for driving increased institutional investment.
April 10 crucial date for crypto and Bitcoin markets: Here’s why
In the midst of the Bitcoin halving event happening this month, it’s essential not to overlook other significant dates in April, including April 10 and 11. On April 10, the U.S. will reveal the Consumer Price Index (CPI) for March, which gauges inflation and can influence the Federal Reserve’s interest rate decisions. The following day, on April 11, the FOMC meeting minutes from March will be released, with a high probability that rates will stay the same in May. These economic events often impact the US economy and digital assets, particularly Bitcoin, as stable interest rates can create an environment where investors may seek additional risk exposure, leading to potential price increases for Bitcoin.
SHIB burns surge drastic ally, with 91 million coins scorched by mysterious whale
According to Shibburn’s data, yesterdays transmission of SHIB coins saw a significant increase in burn rate. Specifically, approximately 98 million SHIB tokens were transferred to dead-end wallets, resulting in a 305% rise in the daily burn rate. This large quantity of SHIB was distributed across ten transactions, with the majority being burned in a single transaction containing 91 million SHIB. The identity of this cryptocurrency whale remains unknown, leaving both Shibburn and Etherscan baffled.
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2024-04-09 19:56