The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history.

Bitcoin (BTC), the world's largest cryptocurrency by market cap, has fallen below the $68,000 level as defunct Mt. Gox moves billions worth of BTC. On November 5, 2024, the Whales transaction tracker made a post on X (Previously Twitter) that Mt. Gox had moved a substantial 32,371 BTC worth $2.19 billion, from its cold wallet.

Two years post-FTX, exchanges prioritize asset transparency but Coinbase remains the only major without a public Proof-of-Reserves report.

After repaying more than $6 billion worth of Bitcoin (BTC) to distressed creditors since June, Mt.Gox is preparing to make another fund distribution. According to on-chain data analysis provided by Arkham Intelligence, the defunct cryptocurrency exchange made the largest transfer of Bitcoins from its associated wallet earlier today. Mt.Gox sent 32.

Bitcoin, often influenced by long-term holders' (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark.

Bitcoin (BTC) has witnessed a significant drop in open interest (OI) amounting to $2 billion. This development comes as traders across the cryptocurrency market prepare for potential volatility linked to the upcoming U.S. election.

Crypto exchange Mt. Gox moved $2.2b in Bitcoin to unmarked wallets on Monday, following a $35m transfer days earlier. The post Mt. Gox Shifts $2.2B in Bitcoin to Unidentified Wallets appeared first on Cryptonews.

Bitcoin (BTC) could see significant post-election gains as analysts predict a new all-time high, while support at $65,000 remains key amid U.S. election volatility.

A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C

Ahead of the highly contested 2024 United States presidential election today, Bitcoin (BTC) price dropped around 2 percent to trade at about $67,848 on Tuesday, November 4, during the early Asian session. Having been rejected around the all-time high of about $73.

Michigan's pension fund's million-dollar dive in both Bitcoin and ETH ETFs is creating ripples in the market. Recently, the State of Michigan's pension fund has shown strong confidence in Bitcoin, revealing a substantial $6.9 million investment in the ARK Bitcoin ETF.

Bitcoin (BTC) exchange-traded funds (ETFs) have collectively acquired over one million BTC in less than a year since their launch, reflecting strong demand for the digital asset among investors. Bitcoin ETFs Surpass One Million BTC Milestone According to a chart shared by crypto analyst Ali Martinez on X, the cumulative BTC holdings in Bitcoin ETFs have exceeded one million BTC within this short period.

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.

Bankrupt cryptocurrency trading platform Mt. Gox has transferred approximately $2.2 billion worth of Bitcoin to unmarked wallet addresses, according to data from blockchain analytics firm Arkham.

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.

It was a sea of red in the cryptocurrency market on Tuesday as investors positioned themselves for the US election and the Federal Reserve interest rate decision. Bitcoin fell to $67,900, while Solana (SOL), Popcat (POPCAT), and Mantra (OM) fell to $158, $1.2, and $1.28, respectively.

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.

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.