Spencer Schiff, who previously championed Bitcoin, has now become bearish on the cryptocurrency and shifted his focus to advancements in artificial intelligence (AI). He predicts that Bitcoin's price could plummet and sees AI as the driving force of innovation.

Open interest on XRP futures has hit a new record high for the year, surpassing $1.1 billion in the past 24 hours. XRP tokens have seen a 6% surge for two consecutive days, reaching 80 cents before dropping back. The majority of these positions are held on Binance, with $443 million worth of open interest.

Telegram's founder, Pavel Durov, who is worth $17.5 billion, has revealed that he only owns Telegram stock, Bitcoin, and some Toncoin. Durov raised $210 million through a bond issue this week to support the app, which has over 800 million monthly active users.

The global market cap has decreased by 0.4% to $1.2T, while the fear and greed index dropped to 55 from yesterday's neutral position of 57. Bitcoin is trading at $30.04K with a daily gain of 0.24% and a weekly decrease of 2.1%, and its volatility is decreasing as indicated by the Bollinger bands.

Bitcoin's dominance in the cryptocurrency market increased during Q2 2023, while altcoins faced a difficult period of decline.

The Turkish Lira has hit a new low against the US dollar ahead of an upcoming central bank rate decision. This has resulted in Bitcoin reaching an all-time high against the local currency.

According to Watcher guru, Robert F. Kennedy Jr. has been a vocal supporter of Bitcoin. The 2024 presidential candidate has time and again made promises outlining the policies that he will enact if he is elected to power. Talking at a recent event, he assured Americans that they will not be liable to pay taxes on Bitcoin to U.S. dollar conversions. Specifically, he said,

According to a CoinShares poll of prominent asset managers, Bitcoin has the most compelling growth outlook among cryptocurrencies, but Ether still holds the largest position in their portfolios. However, the U.S. Securities and Exchange Commission's aggressive stance against the sector is weighing heavily on family offices, institutions, and wealth managers, with growing concerns that tighter regulation or an outright ban could pose risks to crypto in the future.

In the past 24 hours, there has been an increase in activity from crypto whales, with large amounts of coins being sent to exchanges as the market shows signs of weakness. Whale Alert, a blockchain monitoring service, has reported several large transfers of Bitcoin and other digital assets from large entities to various crypto exchanges.

Cathie Wood, CEO of Ark Invest, has a positive outlook on Bitcoin and predicts a bull case of $1.5 million per coin and a best case of $625,000. She believes Bitcoin is a hedge against counterparty risk, especially after the regional bank crisis in March. Wood defends her investment strategy and claims that Ark's active management approach is making a comeback, outperforming the NASDAQ 100. Despite her optimism for Coinbase, Wood has reallocated some of her stake towards "laggards" like genomic companies and Teradyne.