“From Dogecoin’s meteoric rise to BlackRock’s potential entry into the cryptocurrency space, this week’s roundup showcases the ever-growing excitement surrounding digital currencies, with Anthony Scaramucci’s bold Bitcoin prediction adding another layer of intrigue.”
This week has been filled with exciting developments in the world of cryptocurrency. Here are some of the top stories making waves:
1. Dogecoin’s Potential to Reach $16: Crypto Analyst AMINSHEYBANI predicts that Dogecoin (DOGE/USD) could surge over 27,000% and potentially reach $16, breaking its all-time highs. Once DOGE surpasses the $0.058 support level, a remarkable rally could follow.
2. Dogecoin’s Path to $1: Crypto Analyst Ali suggests that DOGE is nearing the apex of a multi-year descending triangle formation. A weekly candlestick close above $0.0835 could trigger a new DOGE bull run, potentially towards $1.
3. Rising Hopes for Bitcoin ETF Approval: Ark Invest’s CEO Cathie Wood updates that hopes are rising for a Bitcoin ETF approval by the SEC. Ark Invest is one of several companies that have filed for Bitcoin ETFs with the SEC.
4. Scaramucci’s Bold Bitcoin Prediction: Anthony Scaramucci of SkyBridge Capital projects that Bitcoin’s (BTC/USD) value could skyrocket 2,662% from its current valuation, potentially rivaling a $15 trillion asset class. He perceives Bitcoin as more valuable than gold.
5. BlackRock CEO Comments on Bitcoin Rally: BlackRock Inc’s CEO Larry Fink responds to a controversy surrounding a false report claiming that the company’s application for an iShares Bitcoin Trust ETF had been approved by the SEC. Fink states that the subsequent Bitcoin rally indicates a “pent-up interest in crypto.”
These stories highlight the ongoing excitement and potential in the cryptocurrency market. As the industry continues to evolve, it’s important to stay informed and keep an eye on these developments.
Photo by Anucha Cheechang on Shutterstock.
