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.

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.

Chainlink (LINK) is showing strong signs of recovery after a period of bearish movement. With a recent 11% price surge in just 24 hours, LINK is currently trading at $11.85 at press time.

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%.

It appears that the bull market has officially begun, as the majority of cryptocurrencies are on the verge of a breakout. Today, on November 8, 2024, Chainlink (LINK) looks bullish, having formed a bullish price action pattern and being on the verge of a breakout.

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.

BlackRocks Bitcoin ETF achieved its biggest volume day ever on Nov. 6, reaching $4.1 billion following Donald Trumps U.S. election win. Surpassing Netflix and Visa in trading volume, the milestone reflects a renewed surge in crypto interest amid pro-crypto policies.

Bitcoin (BTC), the leading cryptocurrency by market capitalization, surged to a new all-time high of $76,800 buoyed by the recent US presidential election which saw Donald Trump secure another term in the White House and a more favorable monetary policy from the US Federal Reserve (Fed). Fed's Second Consecutive Rate Cut On Thursday, the Federal Reserve announced its decision to cut its benchmark overnight lending rate by 25 basis points to a target range of 4.50%-4.75%, adding to the bullish sentiment surrounding crypto prices.

Donald Trump's big win will likely benefit a number of investments—including Bitcoin—for the rest of the year, analysts say.

Bitcoin's price has caught the attention of investors, holding strong above the $70,000 level. For many, this milestone raises the question of whether Bitcoin might ever drop below this point again.

Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.

Bitcoin hits new highs as trading volume soars to $130 billion. Explore the path to $1 million in 2024 and what this means for crypto enthusiasts and investors. The post Bitcoin Reaches New Highs Amid $130 Billion Trading Surge – Could $1 Million Be Next in 2024? appeared first on Cryptonews.

Ethereum (ETH) has been gaining momentum as the cryptocurrency market enters a new phase of optimism. With Bitcoin recently reaching a new all-time high (ATH) above $76,460, Ethereum is showing signs of recovery and growth.

Several analysts suggest that Bitcoin's price will be in the healthy six-figure range soon.

After Donald Trump secured his victory in the 2024 U.S. presidential race, Cynthia Lummis, the Republican senator from Wyoming, jumped on social media with a bold declaration: “We are going to build a strategic bitcoin reserve.

Billionaire hedge fund manager Scott Bessent is reportedly positioning himself as the leading candidate for Treasury Secretary under a Donald Trump administration. Matthew Pines, Director at SentinelOne and National Security Fellow at the Bitcoin Policy Institute, shared an article from the Financial Times on X, highlighting Bessent's ambitions.

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A trader attempting to short Bitcoin (BTC) is reportedly now suffering tens of millions of dollars in losses after the flagship crypto asset soared on Election Day. Blockchain tracking firm Lookonchain says one crypto whale suffered a $74,980,000 liquidation as US presidential vote tallies began to break toward pro-crypto candidate Donald Trump.

A widely followed crypto analyst says that a Bitcoin (BTC) rally to a six-figure price tag is still in the cards.

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, Paul Grewal of Coinbase reacts to the 2024 election results, which saw hundreds of pro-crypto candidates win races across the United States.

Bitcoin price jumped above $76,000, reaching a new record high after Donald Trump's victory in the U.S. presidential election. Plus, whether the industry will see the establishment of a U.S. bitcoin reverse and the latest outlook of Fed rate cuts.

Bitcoin rallied to a new all-time high above $76,000 amid massive spot BTC ETF inflows trading at record level volumes. Short-duration risk reversals are exhibiting a relatively stronger call bias, a sign of bullish euphoria.

Bitcoin (BTC) has been on a wild ride, reaching new all-time highs in the wake of the U.S. elections. With an impressive 8% surge, the cryptocurrency has captivated the attention of both traditional investors and the crypto community alike.

As well as Trump's victory, the crypto market recently received another big news as the Fed slashed interest rate by 25 bps. Bitcoin's price, often highly responsive to US news, had already reached a record near $77,000 and remained relatively stable. Fed Goes Easy on Monetary Policy In line with market expectations, the U.S.

The crypto industry has been riddled with intense activity in the past few weeks, coinciding with a run before and after the US elections. Much of the activity has been centered on the Bitcoin price, although spilling over into other cryptocurrencies.

The iShares Bitcoin Trust ETF (IBIT) surpassed $23.3 billion in net asset value (NAV) in the third quarter, registering a 20% quarterly growth, according to a Nov. 7 to a 10-Q Form filing with the US Securities and Exchange Commission (SEC). BlackRock's Bitcoin (BTC) exchange-traded fund (ETF) holds 367,805 BTC, worth roughly $21.