Bittime - Majority of the crypto market today is moving into the green zone. Today's news is also quite varied, starting from Bitcoin price predictions, Worldcoin stopping operations in Spain, Mainnet v24, to the possibility of a spot XRP ETF being launched. The following are the highlights of today's crypto news, June 5, 2024.
Bitcoin Prediction: New All Time High?
10x Research again predicts Bitcoin will reach an all time high next week. This prediction is based on several macroeconomic factors, especially the slowdown in the United States economy.
This factor is expected to encourage the Federal Reserve to lower interest rates. If interest rates fall, this could trigger a rise in Bitcoin prices to new record highs. 10x Research does not hesitate to express an optimistic attitude towards the increase in Bitcoin prices.
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Worldcoin Spain
Worldcoin , a crypto project with digital identity based on iris scanning, has officially stopped operations in Spain until the end of 2024. This postponement comes while the German audit agency completes an examination regarding Worldcoin's compliance with the European Union's data protection regulations (GDPR).
Interestingly, the suspension of operations in Spain was carried out at the request of Tools for Humanity, Worldcoin's main supporting organization. Tools for Humanity has voluntarily offered to extend the suspension of Worldcoin Orb operations in Spain.
Mainnet v24 zkSync
Previously, the development team had postponed the launch of mainnet v24 because several problems were discovered during end-to-end testing on Testnet. After the audit process was complete, the zkSync development team announced the launch of mainnet v24 which is scheduled for June 6.
Once the audit has been completed, zkSync will continue to make temporary adjustments for 24 hours at v24 launch. During this period, the function of withdrawing and depositing funds via the zkSync native bridge will be disabled. However, users can still withdraw and deposit funds via third-party bridges.
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XRP Spot ETF
Ripple Labs CEO Brad Garlinghouse recently expressed his optimistic view regarding the XRP Spot ETF. He argued that the SEC's approval of the Ethereum Spot ETF paves the way for the launch of ETFs for other crypto assets, including XRP. In fact, according to him, a spot XRP ETF has the potential to become a reality in 2025.
If a spot XRP ETF is launched, XRP could potentially experience a price spike. Garlinghouse and several crypto observers predict a significant increase in XRP prices after the launch of the first ETF. In fact, the target price is set at $1, around IDR 14,500 per XRP.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Mainnet v24 zkSync Ready to Launch June 6!
Worldcoin Postpones Operations in Spain Until the End of the Year
Ripple CEO: Spot XRP ETF Potentially Launching in 2025
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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