Bitcoin

Gold

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<p dir="ltr">U.Today has prepared the top three news stories over the past day.</p> 
<h2 dir="ltr" id="bitcoin-may-follow-gold-s-spike-in-2024-lark-davis-claims-here-s-why">Bitcoin may follow gold's spike in 2024, Lark Davis claims, here's why</h2> 
<p dir="ltr">According to a recent post by crypto YouTuber&nbsp;<a href="https://u.today/bitcoin-may-follow-golds-spike-in-2024-lark-davis-claims-heres-why" rel="noopener noreferrer nofollow">Lark Davis</a>, Bitcoin may repeat the 2004 scenario of gold, when the yellow metal surged in price after the first ETF was released (SPDR Gold Shares [NYSE: GLD]) by State Street Corporation. Davis wrote that once a Bitcoin spot ETF launches, new investors will bring 20-30 billion USD into Bitcoin by grabbing around 50% on crypto exchanges at today's prices. The YouTuber backed his words with a chart showing that following the launch of the gold ETF, its price started rising in late 2004 from $400 per ounce and reached a peak of $1,939 in 2011. The same will happen to Bitcoin, believes Davis. As a reminder, the BTC price skyrocketed last Tuesday, briefly reclaiming $28,000, after Grayscale&nbsp;<a href="https://u.today/breaking-bitcoin-price-surges-as-grayscale-emerges-victorious-against-sec-in-etf-case" rel="noopener noreferrer nofollow">scored a victory</a> against the SEC.</p> 
<h2 dir="ltr" id="ripple-sells-tens-of-millions-of-xrp-at-a-loss-price-drops-after-recent-rise">Ripple sells tens of millions of XRP at a loss – price drops after recent rise</h2> 
<p dir="ltr">Per data from WhaleAlert, on Sept. 3, two large&nbsp;<a href="https://u.today/ripple-sells-tens-of-millions-of-xrp-at-a-loss-price-drops-after-recent-rise" rel="noopener noreferrer nofollow">XRP transactions</a> were detected, carrying 29,700,000 XRP and 425,322,309 XRP. The first one was made by Ripple Labs, which transferred this big lump of tokens to Bitstamp to sell for $15,040,591. The second transaction was made by Bitvavo digital exchange, which moved XRP to an unknown wallet. Meanwhile, on Monday, Sept. 4, XRP's price lost 1.44% of its value after increasing by 4.73% since Friday. It seems that Ripple managed to transfer tokens to Bitstamp before the price decline, but it remains unclear if the company sold at a profit or at a loss. Currently, XRP is trading at $0.502, per CoinMarketCap.</p> 
<h2 dir="ltr" id="shiba-inu-s-shibarium-hits-multimillion-milestone-in-record-time">Shiba Inu's Shibarium hits multimillion milestone in record time</h2> 
<p dir="ltr">After only seven days since its launch,&nbsp;<a href="https://u.today/shiba-inus-shibarium-hits-multi-million-milestone-in-record-time" rel="noopener noreferrer nofollow">Shibarium</a> protocol has had outstanding success in attracting millions of dollars. Data from&nbsp;<a href="https://defillama.com/chain/Shibarium" rel="noopener noreferrer nofollow">DefiLlama</a> shows that yesterday, its total value locked (TVL) constituted an impressive $1.05 million, with this figure reaching even higher, $1.47 million, on Aug. 30. Another spectacular milestone was achieved by Shibarium&nbsp;<a href="https://u.today/shibarium-surpasses-1-million-wallets-eth-founder-vitalik-buterin-makes-mystery-move-btc-price" rel="noopener noreferrer nofollow">last weekend</a>: as reported by U.Today, the number of wallets on the network surpassed the one million level. Today, the Layer 2 protocol scored one more little win as, at the moment of writing, its total transaction count stands at 1,098,480.</p>

Bitcoin May Follow Gold's Spike in 2024, Ripple Sells Tens of Millions of XRP at Loss, Shibarium Hits Multimillion Milestone: Crypto News Di...

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