);)
It was suggested that the new bottom for Bitcoin (BTC) is set at $69,000, and that Bitcoin will enter a new bullish trend after a 3-month cooling period. Cryptocurrency expert Timothy Peterson publicly shared a Bitcoin graph on his X account on the 5th, estimating the probability of Bitcoin maintaining a price above $69,000 at around 95%. He forecasted that a 2-3 month cooling period is necessary for the new bullish trend to begin, after which Bitcoin will start a new upward cycle.
2. Ripple CTO Responds to Criticism of XRP Sales: "Freedom of Choice"
Ripple's Chief Technology Officer David Schwartz directly refuted the criticism surrounding the large-scale XRP sales by Ripple. Through an X post on the 5th, Schwartz stated that XRP is not a security, and that the sale of XRP has not caused any harm to XRP holders. Previously in January, it was revealed that Ripple had transferred about 109 million XRP to exchanges.
3. U.S. Commerce Secretary: "Bitcoin to Gain Special Status Among Strategic Assets"
In an interview with Parabolic Today on the 5th, U.S. Commerce Secretary Gina Raimondo said that Bitcoin will gain a special status among the U.S. government's strategic assets. She stated that the White House's cryptocurrency stockpiling plan will be announced on the 7th, and that Bitcoin may receive special treatment, unlike the altcoins mentioned by former President Trump.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
