UToday

Jurrien Timmer from Fidelity Investments sees $70,000 as a crucial level for Bitcoin. He believes the recent correction could lead to a new rally. Timmer's valuation model is grounded on the internet S-curve and wallet growth. Bitcoin is trading at $83,016, up 0.3% in the last 24 hours. Bloomberg's Mike McGlone also foresaw a potential drop to $70,000.

Franklin Templeton files to launch a Solana ETF, following recent moves to launch an XRP ETF. SEC delays decisions on both ETFs, but approval odds are high according to Polymarket.

Mt. Gox moves large sums amidst market crash, XRP ETF proposal by Franklin Templeton filed, Cardano's trading volume hits $2 billion in 24 hours, showing renewed interest.

Federal Reserve's inflation gauge shows signs of easing, impacting financial markets and cryptocurrencies. Investors are reevaluating positions with lower inflation expectations, influencing price shifts in digital assets, with crypto market reactions mixed. Fed remains cautious due to uncertain economic indicators.

Cryptocurrency analyst Poppe predicts a looming bull market for crypto due to low CPI readings and reduced Fed rate hike probabilities. In contrast, expert McGlone suggests Bitcoin is losing momentum to gold as BTC and ETH prices decline.

McGlone predicts a challenging year for US stock markets due to Bitcoin and Ethereum declines, suggesting a bearish outlook on risk assets. He notes a shift from cryptocurrencies to traditional assets like gold.

Bolivia is turning to cryptocurrencies to pay for energy imports due to dollar shortages. Foreign reserves have collapsed, leading to a severe fuel crisis and high inflation rates. Economic woes stem from a failed commodities-based model despite a brief revival in the past.