Bitcoin ETFs registered record netflows after the U.S. presidential election result.
Bitcoin has once again captured the attention of investors as its Open Interest (OI) hit a new all-time high of $45.8 billion. This surge in OI, a key indicator of market sentiment in the futures market, comes at a time when Bitcoin's price is also climbing to new heights, touching $76.4k.
The cryptocurrency has recently surged to remarkable new heights, and now its RSI (Relative Strength Index) is displaying a flattening effect at the top. This pattern is comparable to a double-top pattern in conventional RSI analysis, in which the RSI reaches comparable high levels, twice forming a ceiling of sorts.
The cryptocurrency market has seen intense price action following the U.S. presidential election results. Bitcoin, in particular, hit a new all-time high of $76,480 on the back of Donald Trump's victory, causing a surge in market activity and substantial liquidations.
In a recent X post, Binance co-founder Changpeng ‘CZ' Zhao has advised community members and investors against getting greedy as Bitcoin (BTC) price continues its rally. His statement comes amidst a broad crypto market rebound that has seen BTC hit an All-time-high (ATH) of almost $78,000.
Bitcoin (BTC) has been on an impressive upward trajectory recently, reaching a new all-time high (ATH) of $76,460.15. The surge has excitement across the crypto community, leading many to believe that Bitcoin is reaching new heights.
The bank estimates that a reset on crypto in the U.S. will quadruple the market's value in short order, with Bitcoin spiking to $200,000.
Exec forecasts an upcoming altcoin rally, fueled by retail interest.
In a recent interview with CNBC, VanEck CEO, Jan Van Eck, said that Bitcoin could reach $300,000. This estimate, according to Van Eck, rests on the assumption that the crypto could eventually achieve a market cap equal to half of all the gold currently in circulation.
Broadly the crypto market has been on the uptick since Donald Trump was elected U.S. president earlier this week.
Bitcoin reaches a record $77,000 after the Federal Reserve lowers interest rates. While the cryptocurrency market celebrates, analysts warn of potential long squeezes and mass liquidations. Will Bitcoin maintain its upward trajectory or face a pullback? The market remains volatile. The post Bitcoin Surges to Record $77,200 – Can the Rally Hold or Is a Pullback Next? appeared first on Cryptonews.
This week, the Bitcoin price railed to a new high of $77,000 following Donald Trump's Victory in the U.S. presidential election. While the recovery momentum boosted most major cryptocurrencies, investors can consider these three altcoins to buy with the potential to develop higher gains than Bitcoin.
Bitcoin miner Hive Digital reported modest growth in bitcoin production for October, while advancing its mining capacity and infrastructure. Hive Digital Discloses Modest Bitcoin Output Gains Vancouver-based Hive Digital (Nasdaq: HIVE) reported incremental growth in its bitcoin production for October, maintaining consistent operational metrics while advancing its mining infrastructure.
Cryptocurrency price milestones continue to topple in the aftermath of Donald Trump's election victory, as bitcoin on Friday surpassed $77,000 for the first time
Chasing quick gains without a strategy could leave traders vulnerable if the market shifts, threatening the $80K rally.
The recent price surge in GRASS, which is up 187.99% in the last seven days, appears to be fueled by the success of its airdrop and BTC new all-time highs. These factors, along with the upcoming listing of GRASS on Binance Futures with up to 75x leverage, have created a wave of bullish momentum.
Cryptocurrency markets are trading mostly sideways to close out the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $76,596.76 -0.1% Ethereum (CRYPTO: ETH) $2,941.75 +1.8% Solana (CRYPTO: SOL) $198.79 +0.9% Dogecoin (CRYPTO: DOGE) $0.1959 +1.8% Shiba Inu (CRYPTO: SHIB) $0.00001878 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 10.2%.
Bitcoin (BTC) thrives in low interest rate environments, and can outperform gold and equities. BTC heads for a new peak as the Fed signaled a series of rate cuts throughout 2025.
Block, Inc. has outlined a strategic pivot to expand its presence in bitcoin mining, signaling a commitment to the cryptocurrency sector and its infrastructure needs, according to its recent third-quarter shareholder letter.
Jan Van Eck, CEO of VanEck Associates, joins CNBC's 'Power Lunch' to discuss expectations for crypto under a Trump administration.
Big changes may be ahead for the crypto market.
Germany lost $1.1B in missed Bitcoin profits selling early amid all-time highs, reflecting political and market dynamics in crypto. The post Germany misses $1.1B in profits as Bitcoin hits a new all-time high appeared first on Crypto Briefing.
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, Johann Kerbrat of Robinhood Crypto discusses crypto trading activity on the platform after the election, and his expectations for regulation under a Trump administration.
After lagging Bitcoin for most of 2024, Ethereum appears to be in the early stages of a bullish trend reversal. Here's why traders are closely watching the ETH/BTC pair.
At precisely 2:30 p.m. ET on Friday, bitcoin reached a fresh all-time high on Bitstamp, hitting $77,112 per coin. This latest peak redefined bitcoin's USD value once again. Trading in the mid-$76,500 range, bitcoin gained about 1% over the past 24 hours. Over the week, BTC has climbed 10.7%, showing a 14.
U.S. spot bitcoin ETFs saw record net inflows of more than $1.38 billion on Thursday as Bitcoin achieved a new all-time high. This comes as Republican Donald Trump won the U.S. presidency and the Federal Reverse announced another rate cut of 25 basis points.
New data reveals that asset management titan BlackRock's Bitcoin (BTC) exchange-traded fund (ETF) has surpassed its gold counterpart in terms of net assets.
Bitcoin, the leading cryptocurrency by market capitalization, has surpassed the $77,000 level for the first time.
Stacks seeks to usher in a wave of adoption and innovation following its Nakamoto upgrade.
The total liquidations over the past 24 hours exceed $260 million.
Bitcoin surged to a new all-time high of $77,043 following Donald Trump's recent US election victory, which has sparked renewed interest in Bitcoin as a “risk-on” asset. The surge comes as investors expect the U.S. economic landscape to shift under Trump's leadership, fueling optimism for cryptocurrencies as alternative investments.
A closely followed crypto analyst believes Bitcoin (BTC) is gearing up for the next leg up. In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X that Bitcoin could soon soar more than 5% from its current value.
Bitcoin's Four-Year Rhythm: Mid-Cycle Insights and What Investors Should Expect
Peter Schiff, a staunch Bitcoin critic in a recent X post has questioned the idea of the cryptocurrency serving as part of the U.S. strategic reserve. He believes that such a move could be ineffective and problematic given Bitcoin's volatility and potential impact on market stability.
Trading data reveals that BlackRock's Bitcoin ETF, IBIT, has surpassed the firm's gold ETF offering. This comes despite the fact that gold is also enjoying intense price rallies.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
JPMorgan analysts are bullish on Bitcoin's prospects, predicting the cryptocurrency will see significant growth following Donald Trump's victory in the U.S. presidential election. As part of their market outlook, the analysts emphasize the “debasement trade,” a strategy that benefits assets like Bitcoin and gold, which serve as hedges against inflation and the weakening of traditional currencies.
BlackRock's iShares Bitcoin Trust (IBIT) has overtaken the iShares Gold Trust (IAU), in assets under management (AUM). BlackRock's IBIT has garnered around $33.1 billion in AUM, overshadowing IAU, which currently holds around $32.9 billion in assets.
After a monster week bolstered by Donald Trump's re-election, BlackRock's iShares Bitcoin ETF is smashing records.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
New Bitcoin wallets have reportedly amassed $145 million, increasing market optimism. There is optimism about a more transparent regulatory climate for crypto in the US.
At press time, with bitcoin floating comfortably above $76,000, the flagship cryptocurrency holds its ground as the ninth largest asset worldwide by market capitalization. Bitcoin Overtakes Meta, Sets Sights on Silver in the Global Asset Race On Fri., Nov.
Tom Lee, head of research at Fund Strat Global Advisors and Chief Investment Officer at Fund Strat Capital, appeared on CNBC for his first post-election discussion. He reflects on the election outcome, acknowledging that while not many predicted Trump's victory, his team placed significant weight on betting markets that indicated a potential win.
Blackrock's IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager's gold fund.
As DeFi loans surge, BTC and ETH remain exposed.
Bitcoin (BTC) broke out of its all-time high on November 6, currently consolidating above that level before its next move. In the meantime, a cryptocurrency trading expert has set his BTC price targets for the weekend, aiming at higher levels.
Bitcoin (BTC) traded with conditions not seen since late 2021, reaching peak levels for its open interest to market cap ratio. Peak open interest creates risk of deleveraging and a drawdown.