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news-imageNovember 8, 2024

Binance To Overtake Coinbase as Bitcoin Exchange Reserves Hit ATH 25%

Binance, one of the world's largest cryptocurrency exchanges, is growing stronger. Recent data shows that its reserve percentage has reached an all-time high of 25%. This means Binance now holds a large share of all crypto reserves across exchanges, only behind Coinbase, which has around 33%.
Publisher: CoinPedia
Sentiment: Positive
BTC

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Positive
cover-imageBenzinga
November 8, 2024

Bitcoin ETFs Saw Record $1.38 Billion Inflows On Thursday

Bitcoin spot ETFs on Nov. 7 saw a historic surge in investment, with total net inflows reaching $1.38 billion, the highest single-day figure to date. What Happened: BlackRock's (NASDAQ:IBIT) ETF alone accounted for $1.12 billion of this total, marking a record-breaking day for digital asset ETFs, according to data from SoSo Value.

Neutral
cover-imageCryptonews
November 8, 2024

Will Trump's Win Push Bitcoin to $100K? Experts Weigh In

As Donald Trump reclaims the White House, experts comment on the potential impact of his US presidential election victory on the crypto industry, its future, and market, as well as regulations, taxes, and mining, among other sectors. The post Will Trump's Win Push Bitcoin to $100K? Experts Weigh In appeared first on Cryptonews.

Positive
cover-imageCryptopolitan
November 8, 2024

Jack Dorsey's Block commits to Bitcoin mining and self-custody wallet, Bitkey

According to a shareholders' letter from the Jack Dorsey-led payment company Block, from November 7, the company will venture more into Bitcoin mining and the Block self-custody wallet, Bitkey. The company will abandon its Web5 internet project, TBD, and reduce investment in its music streaming project, Tidal, to get more funding for the Bitcoin mining project.

Neutral
cover-imageBenzinga
November 8, 2024

Bitcoin, Ethereum, Solana Rally Does Not Mean All Cryptocurrencies Will Moon: 10x Research

The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.

Positive
cover-imageBitcoinist
November 8, 2024

Bitcoin Retail Volume Makes Comeback As BTC Records New High

On-chain data shows the Bitcoin retail volume has sharply increased recently as the cryptocurrency has surged to a new high. Bitcoin Retail Volume Is Up More Than 15% Over Last 30 Days As explained by CryptoQuant author Axel Adler Jr in a new post on X, the demand from retail investors has gone up recently.

Positive
cover-imageThe Currency Analytics
November 8, 2024

The Impact of a Possible Fed Rate Cut on Bitcoin's Price

U.S. Federal Reserve prepares to tells its decision on whether to cut interest rates, many are wondering what the move will mean for Bitcoin and the broader cryptocurrency market. While rate cuts are traditionally seen as a boost to risky assets, like stocks and digital currencies, opinions among experts differ on whether Bitcoin will truly benefit.

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