Former Binance CEO Speaks out After Prison Release, Michael Saylor Makes Epic 99% Bitcoin Prediction, XRP Breaks Key Level, Setting Stage for Bullish Rally: Crypto News Digest by U.Today

investing.com 30/09/2024 - 16:17 PM

U.Today – Top 3 News Stories from the Last Weekend of September

Former Binance CEO CZ Breaks Silence Following Release from Prison

Following his recent release from prison, former Binance CEO Changpeng Zhao (CZ) published his first lengthy post on the X platform. In it, he shared his impressions of his initial days of freedom, along with future plans. CZ expressed enjoyment in simple pleasures like food, highlighting the "luxury" of having "more than one piece of fruit" daily. He thanked the crypto community for providing support during his darkest moments. CZ mentioned he needs some rest before determining his next steps. He also provided a couple of updates on initiatives, noting that his new educational project, Giggle Academy, is progressing well and that he is currently working on a time-consuming book.

Michael Saylor's Epic 99% Bitcoin Prediction Stuns Crypto Community

In a recent X post, Michael Saylor, a prominent Bitcoin supporter and cofounder of MicroStrategy, made a startling BTC prediction. He forecasts that "99% of Bitcoin will be mined by January 2, 2035." Currently, around 94.1% of Bitcoin's maximum supply of 21 million has been mined, leaving about 1.24 million BTC to be created. This implies a significant increase in mining activities over the next decade, leading to nearly 5% more Bitcoin being mined sooner than anticipated. This early milestone could make the remaining supply scarcer, potentially driving up prices as demand exceeds availability and altering Bitcoin mining dynamics.

XRP Price Breaks Key Level That May Turn Ultra Bullish

On Sunday, Sept. 29, XRP climbed above the crucial 200-day moving average, indicating strong bullish sentiment among traders. This move, fueled by an 8.47% rise, propelled XRP's price from $0.5871 to $0.638, with analysts anticipating further gains. Despite a slight pullback in the wider crypto market, XRP's robust performance suggests that investors are responding in anticipation of news that could impact its price. The token also breached a significant dynamic resistance level, historically vital for its price movements. Sustaining levels above this mark could spur additional growth, potentially pushing XRP into an ultra-bullish phase. Currently, XRP is trading at $0.623, down 3.61% over the past 24 hours, according to CoinMarketCap.

This article was originally published on U.Today.




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