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news-imageNovember 6, 2024

Bitcoin (BTC) Surpasses $75K Amid US Election Influence

Bitcoin reaches a new all-time high of $75.4K, driven by US election dynamics. Market volatility surges as investors hedge positions in anticipation of further price movements.
Publisher: Blockchain News
Sentiment: Positive
BTC

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Positive
cover-imageBenzinga
November 6, 2024

Bitcoin, Ethereum, Dogecoin Explode To New Highs: 'BTC Bull Market Is Locked And Loaded For 2025, Says Trader'

Cryptocurrency markets are trading higher as Donald Trump secured a second term in the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $75,833.12 +9.5% Ethereum (CRYPTO: ETH) $2,682.34 +11% Solana (CRYPTO: SOL) $188.34 +14.3% Dogecoin (CRYPTO: DOGE) $0.1952 +15.9% Shiba Inu (CRYPTO: SHIB) $0.00001883 +6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses falling by 4.4%.

Positive
cover-imageBenzinga
November 6, 2024

What Do Technical Analysts Say About Bitcoin After The Election? Failing To Hit $100,000 In The Next Months Is 'Hard To Imagine'

$68,000 has been identified as a critical support level for Bitcoin (CRYPTO: BTC), following its surge to a new all-time high on election night. What Happened: In a comprehensive breakdown of Bitcoin's performance over the past seven months, crypto trader Scient identified two similar structures within this period: a bearish and a bullish structure.

Positive
cover-imageCryptonews
November 6, 2024

Bitcoin Miner Hut 8 Leverages New ASICs to Enhance Mining Efficiency

Hut 8 Corp. is set to enhance its Bitcoin mining efficiency by acquiring 31,145 BITMAIN Antminer S21+ ASIC machines, expected to boost its self-mining hashrate by 66% and significantly improve energy efficiency starting in Q1 2025. The post Bitcoin Miner Hut 8 Leverages New ASICs to Enhance Mining Efficiency appeared first on Cryptonews.

Positive
cover-imageYahoo Finance
November 6, 2024

Bitcoin surges on Trump win

Bitcoin (BTC-USD) broke above $75,000 early Wednesday morning — a record high — as the crypto space rallies on Donald Trump's victory in the 2024 presidential election, an upward trend overtaking equity markets as well. Bitcoin was considered to be a part of the "Trump Trade" as holders backed the likelihood of a second Trump presidency in the lead-up to the election.

Positive
cover-imageCryptoGlobe
November 6, 2024

Dogecoin Edges Past Bitcoin in 2024: How Trump Victory and Musk Alliance Are Powering Its Rally

As of November 6, 2024, at 11:05 a.m. UTC, Dogecoin's year-to-date performance is outpacing that of Bitcoin. According to CoinDesk Indices, Bitcoin (BTC) is currently trading at $74,790, showing gains of 7.7% in the past 24 hours, 22.64% over the past month, and 77.34% year-to-date (YTD). Meanwhile, Dogecoin (DOGE) is trading at $0.

Neutral
cover-imageBenzinga
November 6, 2024

The BITCOIN Act Of 2024 'Is A Significant Proposal' — Will It Redefine US Crypto Regulation?

As digital assets continue to gain traction, the U.S. Congress could be on the verge of passing legislation that would reshape the landscape of crypto investments. Ahead of his appearance at the upcoming Benzinga Future of Digital Assets event, Anthony Rousseau, vice president and head of brokerage solutions product management at TradeStation, shared his thoughts on how specific regulatory changes could influence the future of digital assets.

Positive
cover-imageUToday
November 6, 2024

Dormant Bitcoin Millionaire From 2013 Makes Epic Comeback

A strange comeback was captured on-chain today, as a major Bitcoin (BTC) holder came back to life after nearly 12 years of inactivity. As first revealed thanks to a report from Whale Alert, 235 BTC, the equivalent of $17.43 million, came to life for the first time since March 2013.

Positive
cover-imageBenzinga
November 6, 2024

Bitcoin's All-Time High: 'A Groundbreaking Milestone' And 'Strong Post-Election Rally' Coming, Experts Predict

Bitcoin (CRYPTO: BTC) surged to a new all time high of $75,358 on Wednesday during European trading hours, with market experts projecting further gains up to $120,000 amid expectations of crypto-friendly policies under Donald Trump ‘s presidency, according to multiple industry leaders. What Happened: Donald Trump has won the 2024 U.S. presidential election, defeating Democratic contender Kamala Harris.

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