Bitcoin price is struggling below the $69,500 zone. BTC is showing signs of weakness and upsides might be capped near the $69,200 level.

Bitcoin could reach $3 million, according to asset manager Vaneck, with a model showing its potential as a reserve asset held by global central banks.

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3% to Bitcoin.

Fundstrat Global Advisors' Tom Lee and analysts from Bernstein predict robust markets heading into 2025, regardless of the results of the upcoming US presidential election. While Lee expects a broader market rally across sectors, Bernstein highlighted Bitcoin's (BTC) resilience amid political uncertainty.

Bitcoin plummeted further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

Medical device firm Semler Scientific has spent $71 million to buy 1,058 Bitcoin, adding another 181 Bitcoin to stash over Q3 and into the start of November.

The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin's Market Value to Realized Value (MVRV) ratio, a metric often used to gauge Bitcoin's value compared to its on-chain fundamentals.

Bitcoin's rise appears unstoppable, with Bernstein projecting a $200,000 target for 2025, undeterred by potential market volatility from the upcoming U.S. election.

Bitcoin ETF inflows surged to $2.22 billion over the past week - A sign of rising confidence among investors.

Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.

Mt. Gox transferred around 32,371 BTC to two unknown wallet addresses on Monday evening, according to Arkham data.

A well-known cryptocurrency analyst, referred to as “Credible,” has shared a new forecast on Bitcoin's price path, predicting a notable rally to $74,000. According to his analysis, this could be followed by a market correction, setting up Bitcoin for a long-term surge beyond $100,000 in 2024.

Aksel Kibar, a Chartered Market Technician (CMT), has brought attention to a potential Gravestone Doji formation on Bitcoin's weekly chart, which may signal an impending bearish reversal. This candlestick pattern is characterized by a long upper shadow and a close near the opening price, suggesting that bullish efforts to push prices higher may be faltering.

Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained.

Bitcoin has faced significant volatility and uncertainty as it approaches a pivotal week, with tomorrow's U.S. election expected to play a key role in determining its price action. BTC is holding steady above the $68,000 mark, a critical level that has shifted from resistance to a solid demand zone.

Deutsche Telekom, Europe's largest telecommunications provider, has announced a pioneering pilot project to operate Bitcoin mining infrastructure using surplus renewable energy. The initiative is a collaboration between Deutsche Telekom subsidiary MMS and Bankhaus Metzler, aiming to utilize excess electricity that would otherwise remain unused due to grid limitations or lack of storage solutions.

Bitcoin's price is set to rise regardless of the 2024 election outcome, says Anthony Scaramucci, though Trump's deregulation could provide a short-term boost. US Elections, Bitcoin, and Power Moves: Scaramucci's Predictions Unveiled Anthony Scaramucci, founder of Skybridge Capital and former White House Communications Director, discussed bitcoin's future and the potential role of U.S.

Deutsche Telekom's subsidiary, MMS, and Bankhaus Metzler are launching a pilot project to establish a Bitcoin (BTC) mining operation utilizing surplus energy. According to a new announcement from Deutsche Telekom – parent company of mobile giant T-Mobile – the intent of the operation is to power BTC mining with electricity from renewable energy sources.

The crypto market's volatility increased ahead of the U.S. election result, and BTC might benefit from it.

British pension specialist Cartwright said Monday that a UK pension fund bought Bitcoin, allocating 3% of its portfolio to the asset.

As the 2024 U.S. election draws near, the crypto community is abuzz, eagerly watching to see how bitcoin will respond. Many industry insiders are keen to share their perspectives on what might unfold in this dynamic landscape. Crypto Market Braces for Impact: Trump vs. Harris and Bitcoin's Next Move On Nov. 5, 2024, U.S.

Bitcoin mining is now a highly competitive industry that's not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process.

Medical device company Semler Scientific (SMLR) has increased its Bitcoin holdings, now owning a total of 1,058 BTC. The company disclosed this new acquisition alongside its third-quarter earnings report, stating that it added 47 Bitcoin since its previous update in late August.

Bitcoin is currently trading above $68,500, maintaining its position despite a tumultuous weekend that saw significant fluctuations in the cryptocurrency market. Over the weekend, Bitcoin experienced a sharp drop of over 4%, falling from a peak of more than $71,000.

The company released its third quarter results Monday afternoon.

Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.

The Bitcoin price has posted five consecutive red daily candles since it stopped just short of its all-time high at $73,620 last Tuesday. As a result, the BTC price has fallen by around 7%.

Data from Coingecko confirmed that Bitcoin was selling at a premium price in the South Korean market. BTC was exchanged at over $69K on Upbit and an average of $68K on other global exchanges like Binance and Bitget.

Analysts at Bernstein project a Bitcoin price target of $200,000 by the end of 2025, independent of the results of the upcoming U.S. elections.

Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up.

As election day approaches, Bitcoin volatility remains subdued, with Bitfinex analysis predicting a potential spike in market activity post-election with a Republican victory favorable for Bitcoin. The post Bitcoin Markets Brace for US Election Volatility: Bitfinex Report appeared first on Cryptonews.

Two of the largest public Bitcoin miners — Marathon Digital and Riot Platforms — recorded their highest monthly Bitcoin production since the April halving event, despite the industry's ongoing challenges with rising mining difficulty. On Nov.

Bitcoin's recent run to $73,000 has given traders and investors a taste of what is to come. As market participants await the next run, altcoins provide an excellent opportunity to take advantage of the bullish sentiment in the crypto market.

The Bitcoin Policy Institute (BPI) has released a report advocating for a strategic bitcoin reserve (SBR) to strengthen U.S. economic stability and global influence. Titled “Digital Gold: Evaluating a Strategic Bitcoin Reserve for the United States,” the report argues that holding BTC could support U.S. monetary stability, counter global financial threats, and advance technological leadership.

Cryptocurrency markets are trading lower on the day before the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,873.44 -1.1% Ethereum (CRYPTO: ETH) $2,429.33 -0.8% Solana (CRYPTO: SOL) $159.90 -0.6% Dogecoin (CRYPTO: DOGE) $0.1596 +7.5% Shiba Inu (CRYPTO: SHIB) $0.00001691 -1.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, JP Richardson of Exodus discusses crypto interest groups and their final push to back pro-crypto candidates in U.S. congressional races.

We can send a message to the world by doing so.

Bitcoin mining provides an opportunity for independent power producers to sell their electricity on a worldwide market, according to Sangha Renewables President Spencer Marr.

Bitcoin's price has been in an upward trend for most of the past two months, maintaining strong support levels amid market volatility.

Network activity across all Internet Computer protocols has increased 150% year-over-year, according to Dfinity.

Bitcoin may immediately rise on news of a Trump win, or dip on a Democrat victory—but the asset will soar in 2025 either way, Bernstein says.

According to data provided by cryptocurrency analytics platform IntoTheBlock, this Bitcoin cycle is clearly different compared to the previous cycle when it comes to the behavior of the cryptocurrency's long-term holders.

UK-based pension advisory firm Cartwright has announced that it has advised a pension scheme to make a 3% allocation in Bitcoin, marking the first such move in the country. What Happened: The allocation, valued at approximately $59 million, was made in October after a comprehensive due diligence process aimed at ensuring risk management and strategic fit within the scheme's portfolio.

An Australian entrepreneur could become a key contributor to the future of Bitcoin by transforming the coin into a tool that will push for economic inclusivity around the world. Related Reading: 3AC Founder's Wife Cashes Out With $38.

Watch the new documentary PAID IN BITCOIN about Bitcoin use at Bitcoin 2024 in Nashville.

Bitcoin has experienced a slight uptick, rising by 0.6% to reach $69,018.90 early on Monday. This modest increase follows a challenging weekend marked by price declines, leaving many traders apprehensive.

Experts suggest a Trump win may spur faster momentum, though long-term growth is expected regardless of the election's outcome.

Historical data indicates that U.S. elections often bring heightened market volatility.