The cryptocurrency market experienced a downturn on June 7, with Bitcoin (BTC) dropping to $69,335 and Ethereum (ETH) to $3,684. This decline followed the release of better-than-expected United States employment data, contrary to predictions by analysts who anticipated weaker figures that would prompt a push for lower inflation and potentially drive Bitcoin to new highs.
Read MoreStarknet, a layer-2 scaling solution, has reiterated its dedication to scaling Ethereum and Bitcoin using Zero-Knowledge (ZK) technology. Emphasizing its commitment to Ethereum scaling since its initial validity rollup release, Starknet has revealed an ambitious 2024 roadmap aimed at revolutionizing Ethereum scaling.
Read MoreBitcoin advocate Max Keiser has once again emphasized his belief in Bitcoin's superiority over Ethereum, forecasting a bleak outlook for the latter cryptocurrency. On a social media platform, Keiser reiterated his longstanding argument that Ethereum, along with other alternative coins, pales in comparison to Bitcoin due to fundamental disparities in their technologies and legal categorizations.
Read MoreRenowned investor and author Robert Kiyosaki has reiterated his warning about an impending financial crisis in the United States and globally. He has predicted that Bitcoin (BTC), one of his favored assets for protecting against economic downturns, could surge to $350,000 by late August 2024.
Read MoreOver the last month, Ethereum has seen a robust 20% increase, largely attributed to the approval of eight spot-based ETF applications, a significant driving force behind this surge.
Read MoreBrad Garlinghouse, CEO of Ripple Labs, expressed optimism about the approval of spot XRP ETFs in the United States during an interview on Fox Business. He suggested that it is inevitable for a spot XRP ETF to be approved but cautioned that it might not happen until at least 2025.
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