Bitcoin Backs, Market Dips & Bold Crypto Predictions
**Big Week for Crypto: Bitcoin Buzz, Market Swings, and Bold Predictions**
The crypto world has been buzzing with action lately. From public endorsements to market ups and downs, here are the biggest stories you need to know.
**Eric Trump Backs Bitcoin**
Eric Trump, one of Donald Trump’s sons and a key figure at The Trump Organization, recently spoke out in support of Bitcoin. He said he believes Bitcoin has the power to shake up traditional banking. According to Trump, Bitcoin’s ability to handle big money transfers with very low fees makes it a strong alternative to old-school finance. His comments reflect the growing divide between the established financial system and the fast-moving world of crypto.
**Crypto Prices Dip Over Fed Rate Cut Uncertainty**
Bitcoin, Ethereum, XRP, and Solana all lost ground last week after a recent rally. The drop came as investors grew uncertain about whether the Federal Reserve will cut interest rates anytime soon. Still, not everyone is worried. Analysts at JPMorgan are sticking to their long-term forecast, saying Bitcoin could still hit $170,000 within the next 6 to 12 months.
**Dogecoin Buy Signal and Shiba Inu Burn Surge**
There’s fresh momentum in the meme coin space. Dogecoin recently flashed a “buy signal,” and Shiba Inu’s burn rate jumped an eye-catching 674%. These signals suggest a possible price boost ahead, keeping meme coin traders on high alert.
**Robinhood Might Add Bitcoin to Its Balance Sheet**
Vlad Tenev, CEO of Robinhood, revealed that the company is thinking about adding Bitcoin to its corporate treasury. That means Robinhood could soon hold Bitcoin as part of its financial reserves. Tenev said they want to be sure the crypto community supports the move before making any final decisions.
**Ethereum Drop Hits Bitmine Immersion Technologies**
The recent sell-off in Ethereum had ripple effects on companies connected to it. Bitmine Immersion Technologies Inc., which holds a lot of Ethereum, saw its stock price fall. The company’s value took a direct hit because it relies heavily on Ethereum’s price performance.
**Cathie Wood Lowers Her Bitcoin Target**
Cathie Wood, CEO of Ark Invest and a well-known Bitcoin bull, adjusted her long-term prediction for Bitcoin. She now expects Bitcoin to reach $1.2 million by 2030 — down from her previous target of $1.5 million. Wood explained that stablecoins are becoming more popular for daily transactions, a role she once thought Bitcoin would fill.
**Bitcoin Falls While S&P 500 Stays Flat**
In another twist, Bitcoin prices dropped while the S&P 500 held steady. This unusual split between crypto and traditional stocks has left many investors wondering what’s causing the disconnect.
Stay tuned for more updates as the crypto market continues to evolve rapidly.