Jack Dorsey founded payments firm Block Inc. is pivoting its focus towards the cryptocurrency mining sector. In a Nov. 7 shareholder letter, Block, formerly Square Inc.

Both Bitcoin and Ethereum have experienced impressive growth in the last 30 days. The Bitcoin market has registered a surge of 21.6%, and the Ethereum market a rise of 19.2%. A recent post by Raoul Pal suggests that ETH may soon outperform BTC. He highlights some key factors to support his argument.

Ethereum (ETH) has made a significant leap in the market, surging by more than 10% in the last 24 hours. As of now, the second-largest cryptocurrency is trading at $2,840 after briefly reaching higher levels.

BlackRock's spot Bitcoin ETF has pulled off something huge. On November 7, this fund saw a mind-blowing $1.119 billion in inflows—an impressive recovery after losing $113 million just two days before. To put it into perspective, BlackRock's fund made up a massive 82% of all spot Bitcoin ETF inflows that day.

On Nov. 7, U.S. spot Bitcoin ETFs recorded a historic $1.38 billion in net inflows, marking the highest single-day inflow since their inception, driven primarily by BlackRock's IBIT.

Friday has come around again, and that means Bitcoin options expiry day, meanwhile, the asset has now entered new price discovery.

U.S. lawmakers are seeking assistance from crypto experts in passing the Strategic Bitcoin Reserve legislative plan after securing victory in the just-concluded elections.

Spot Bitcoin exchange-traded funds in the United States have seen their largest inflow day ever.

BlackRock's iShares Bitcoin Trust (IBIT) reached an extraordinary milestone, recording $4.1 billion in trading volume on November 6. This marked the highest single-day volume in the history of the ETF, outpacing the trading volumes of major stocks like Berkshire Hathaway and Netflix.

Following the overwhelming support of pro-crypto candidates in the United States and the recent Fed rate cut, which followed similar moves in major jurisdictions, the demand for Bitcoin (BTC) has significantly escalated. The United States is expected to follow the path of El Salvador in accumulating Bitcoins to counter the ballooning debt crisis.

BlackRock's IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.

The record inflow into BlackRock's Bitcoin ETF highlights growing institutional interest and could drive further mainstream adoption of cryptocurrencies. The post Blackrock's Bitcoin ETF draws record $1.1 billion single-day inflow appeared first on Crypto Briefing.

BlackRock, the world's largest asset manager, has witnessed a record-breaking $1.1 billion in inflows into its spot Bitcoin exchange-traded fund (ETF), IBIT. The post BlackRock's Bitcoin ETF Sees Record $1 Billion Inflows after Two Days of Outflows appeared first on Cryptonews.

BlackRock's Bitcoin ETF has surged amid broader market momentum, with one analyst predicting sustained inflows through to next week.

Following Donald Trump's decisive victory in the recent election, the cryptocurrency world is buzzing with the possibility of the U.S. government establishing a Bitcoin strategic reserve.

From a fundamental standpoint, Bitcoin is showing no signs of the asset overheating, according to Galaxy's head of research.

Key Points:

The 12 U.S. spot bitcoin ETFs together recorded a total daily net inflow of $1.38 billion, also their highest since launching in January.

Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.

The BlackRock Bitcoin ETF (IBIT) has been smashing new records every single day while seeing its largest daily inflows at over $1 billion on Thursday. As a result, the total inflows for IBIT have now surged past $27 billion since its inception in January, making it one of the best ETF launches in 2024.

Jack Dorsey's Block announced plans to boost investments in Bitcoin mining and its Bitcoin wallet by reallocating resources from its canceled "Web5" project and reducing Tidal investments. The post Jack Dorsey's Block Advances Bitcoin Mining Plans As Trump's Crypto Policies Look Likely appeared first on Cryptonews.

In the past three years, the Open Interest has been growing steadily, eventually taking the OI from $11.9 billion to $38 billion.

Cardano (CRYPTO: ADA) raced past Bitcoin (CRYPTO: BTC) to become the week's best performer after a searing double-digit rally on Thursday. What happened: ADA spiked over 10% in the last 24 hours to reach its highest level since July 23.

BlackRock's spot Bitcoin ETF has surpassed $1 billion in inflows for the first time since its launch in January.

On-chain data shows the exchanges have just received large stablecoin inflows, something that could end up benefiting the Bitcoin rally. Stablecoin Exchange Inflows Have Spiked Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Exchange Inflow for stablecoins has registered a sharp jump.

XRP surges 2.6% amid SEC appeal doubts and pro-crypto outlook under Trump. BTC hits record on Fed cut and spot ETF inflows.

Block said it will scale back investments in music streaming app Tidal and wind down the decentralized web platform developer team at TBD.

Bitcoin (BTC) has surged past its previous all-time high of $73,800, reaching a new record of $75,000. As of today, BTC remains strong, hovering around $74,926.

Bitcoin price is gaining pace above $75,000. BTC is rising and might aim for a move above the $77,000 resistance zone in the near term.

Solana, which has seen strong on-chain activity over the past few months, climbed above the $200 mark to trade at $201 at one stage today.

Bitcoin is currently riding the bullish wave in the midst of growing market optimism, which has caused the largest crypto asset to reach a new all-time high.

Block Inc., formerly known as Square, led by Jack Dorsey is redirecting its strategy to Bitcoin mining and self-custody wallets as it reduces its funding on the decentralized web projects and the music streaming app, Tidal. This strategic shift was made shortly after Trump's win in the recent U.S. presidential election, which has positive sentiment

Bitcoin tapped an all-time high, and Ethereum soared as the Federal Reserve's latest quarter-point rate cut boosted market momentum on Thursday. Cryptocurrency Gains +/- Price (Recorded at 7:30 p.m.

Bitcoin has been making headlines lately as it continues to break new records, most recently soaring past $76,203. This surge comes in the wake of Donald Trump's victory in the 2024 U.S. presidential election, which has renewed optimism in the broader cryptocurrency market.

The payments and blockchain infrastructure company says it will reallocate resources to focus on mining equipment development.

JPMorgan forecasts a bullish outlook for bitcoin through 2025, citing Trump's economic policies and intensified “debasement trade” strategies favoring bitcoin and gold as hedges against currency devaluation. Bullish Outlook: JPMorgan Sees Bitcoin Poised for Gains Through 2025 Global investment bank JPMorgan released a report on Thursday, detailing how Donald Trump's recent victory in the U.S.

Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi business to shift money into its Bitcoin mining and wallet businesses.

Retail volume drives Bitcoin while high slippage and liquidity clusters predict market moves.

Analyst Tony Severino has revealed that the Bitcoin price currently has a ceiling of $137,000. This has raised questions about whether this is the highest point that the flagship crypto can reach in this market cycle, and the analyst also provided some answers.

U.S. Senator Cynthia Lummis, often referred to as the “Crypto Queen,” has long been an advocate for Bitcoin and its potential to revolutionize the financial landscape. Recently, she put forward an ambitious idea: for the U.S. to create a Bitcoin reserve.

Solana is surging on increasing confidence that spot ETFs will be approved under a Trump administration, all while Bitcoin breaks records.

Bitcoin is in the “sweet spot” of its bull market halving cycle, says veteran trader Peter Brandt, who forecasts a peak between $130,000 and $150,000 in 2025.

The company's shares fell after reporting third quarter sales that missed estimates by 4%.

Bitcoin experienced a notable price jump, rising by 7.7% shortly after the results were declared. This spike in Bitcoin's value comes as investors closely watch the new administration's potential approach to cryptocurrency, which could have significant implications for Bitcoin's future.

Bitcoin briefly hit a fresh all-time high of $76,872 on Thursday before retreating, with financial markets continuing their rally in the wake of Donald Trump winning a second term in office. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $75,723.12 -0.3% Ethereum (CRYPTO: ETH) $2,879.34 +7% Solana (CRYPTO: SOL) $195.34 +3.4% Dogecoin (CRYPTO: DOGE) $0.1952 -3.1% Shiba Inu (CRYPTO: SHIB) $0.00001896 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 83% and daily active addresses rising by 17%.

Galaxy Digital is the latest Bitcoin mining firm exploring a shift to AI, driven by increasing competition and rising mining difficulty within the sector. In its third-quarter earnings report released on Nov.

Bitcoin (BTCUSD) reached an all-time high of $76,480 following Donald Trumps election victory but is currently trading around $74,864. 2. Optimism in Cryptocurrency Under Trump This win has generated optimism in the cryptocurrency sector, as many believe that digital assets will prosper under his leadership.