Bitcoin Breakout, Ethereum $10K, XRP $2 - a16z $1 Billion Crypto Fund & Ripple SEC Hearing

Bitcoin jumps 6% to $57K as market shrugs off $4 billion plus Options expiry. Ether (ETH), the second-largest cryptocurrency by market cap, could see further gains towards $10,000 this year after reaching a new all-time high around $2,780 on Thursday – a roughly threefold increase forecasted by FundStrat, a market research firm. XRP is looking bullish and could hit $2 next week. Today was a Ripple SEC hearing and it had a maxed out call in listeners. Andreessen Horowitz (a16z) is assembling a third crypto venture fund, according to a report Friday in the Financial Times. Four people with knowledge of the process told the FT that a16z is looking to pull in between $800 million and $1 billion for the new fund. The Australian Securities Exchange (ASX) may launch a cryptocurrency exchange-traded fund (ETF) by the end of this year, according to a report by Business Insider Australia, which cited multiple people familiar with the situation.

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Disclaimer - Thinking Crypto and Tony are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.