Today marks a significant moment with the U.S. elections taking place, and it's a day that many have been anticipating. Over the next few days, more clarity is expected on the market direction, particularly in how the election results will impact both the stock and crypto markets.
The final boss is going to work with polls now open in America as the rest of the world watches what century they choose.
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Uncertainty over who will lead the U.S. has led to near record outflows from Bitcoin ETFs.
The positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of over 750 EH/s last week.
Bitcoin's price once again failed to reach a new all-time high last week. However, the bull market might be far from over.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs.
Traders expect a 3.5% swing in bitcoin prices on U.S. election night, though analysts warn of post-election volatility if results face delays.
On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a hefty $541.07 million. Bitcoin ETF Outflows Hit $541 Million on Monday, Ethereum Funds Follow in the Red The 12 spot bitcoin ETFs faced a rough trading day, shedding a hefty $541.07 million in total outflows.
Bitcoin (BTC) shows strength and remarkable recovery after a panic selling on Monday that dropped the price by $2,000. The brief panic surged following Mt.
TL;DR Bitcoin miners Marathon Digital and Riot Platforms reported their highest monthly Bitcoin production since April 2024 halving, with Marathon producing 717 BTC worth $48.8 million and Riot mining 505 BTC worth $34.4 million.
After skyrocketing above $72,000 earlier last week, the Bitcoin price has experienced an unexpected crash below the $70,000 mark ahead of the US Presidential elections. Reports have cited the influence of whales and the upcoming results of the US Presidential elections as catalysts to this price decline.
Analysts projecting a $50K - $90K BTC target in the short-term based on U.S. elections winner.
Amid the heightened hype of the U.S. 2024 elections, which has seen pro-crypto presidential candidate Donald Trump lead in major polls, Bitcoin's (BTC) price has signaled short-term bearish sentiment. The flagship coin has dropped over 4 percent in the past seven days to trade above a crucial support level of about $68.
Defunct cryptocurrency exchange Mt. Gox transferred approximately 32,371 BTC, valued at around $2.19 billion, to unmarked wallet addresses on Monday evening.
Bitcoin's mining difficulty has reached a historic 101.65 trillion (T), posing significant challenges for small-scale miners. The latest increase in difficulty reflects a surge in computational power required to mine new Bitcoin blocks, intensifying competition across the industry.
Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1 million by 2030, driven by the rise of U.S. public debt and the devaluation of the U.S. dollar.
TL;DR Bitcoin ETFs in the U.S. saw substantial outflows of $541.1 million on November 4, 2024, marking the second-largest single-day outflow on record, just before the U.S. presidential election. The significant outflows reflect market caution as Bitcoin's price dipped to $68,000, with traders concerned about election-driven volatility and political dynamics.
Right now, as the US election unfolds, it's creating volatility for Bitcoin. Recent events show that the Bitcoin ETFs had one of their worst days in history, with a $541 million outflow just yesterday. This outflow created sell pressure, which caused a short-term dip in Bitcoin's price.
Bitcoin has been making waves in the crypto market lately, with its volatility soaring to levels not seen in three months. As the U.S. election looms, market observers are questioning what's behind this spike and whether it signals a rise in Bitcoin's price—or if the volatility could lead to sharp price drops.
U.S.-listed spot Bitcoin ETFs witness their second-largest single-day net outflows since trading began in January.
Bitcoin's maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin's evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.
Traders are braced for the Fed and China to feed into a "perfect storm" for the bitcoin price in the fourth quarter
A company called Cartwright, which specializes in helping pension plans make smart financial choices, helped make this big decision. In October, an unnamed pension fund chose to put 3% of its money into Bitcoin.
Although the Bitcoin options market is experiencing low volatility, analysts expect the volatility structure to change before the end of the week.
As the U.S. election looms, crypto investors are bracing for potential turbulence that could jolt major tokens like Bitcoin and Solana. 10X Research, led by Markus Thielen, has pitched a strategic “pair trade” to help investors navigate this storm: go long on Bitcoin (BTC) and short on Solana (SOL).
Over $9.4 billion worth of Bitcoin was owed to approximately 127,000 Mt. Gox creditors for over 10 years.
The king coin's stellar performance was in stark contrast to ETH's.
The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
The recent activity from defunct crypto exchange Mt. Gox has ignite fresh waves of volatility for Bitcoin and the broader cryptocurrency market.
For institutional investors, Bitcoin-backed lending presents a compelling alternative to traditional fixed-income investments.
On Tuesday, the cryptocurrency market displayed mixed movements as investors eagerly awaited the U.S. presidential election outcome. Major cryptocurrencies like Bitcoin, Ethereum, BNB, Solana, and Toncoin saw declines of up to 6%. However, other tokens, including XRP, Dogecoin, Shiba Inu, Polkadot, and NEAR Protocol, experienced gains of up to 10%.
Right now, the Bitcoin market stands at $68,697.16. A recent post by crypto expert Captain Faibik on X reveals that the market recently broke above a descending wedge pattern on the weekly chart and is currently retesting the breakout. Let's see what insights we can grab from this.
Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt.
Cartwright, the renowned pensions advisor announced that it guided an unnamed retirement benefits scheme in integrating Bitcoin (BTC) in its investment portfolio.
Bitcoin ($BTC) is up 1.5% so far on a long-awaited US election day. However, after being definitively rejected from the all-time high only last week, Bitcoin bulls have a lot to do to bring the price back up again.
Bitcoin (BTC) is down just over 1% in the past 24 hours, declining after briefly flirting with the $70,000 mark. The current week is crucial in dictating market dynamics, with the US elections and Fed meeting set to commence.
In a move that has sparked interest in the crypto community, 1,600 BTC, worth over $108,860,042, was transferred from an unknown wallet to an unidentified new wallet. This transaction was reported by Whale Alert, a popular blockchain tracking service that monitors large-scale cryptocurrency moves.
Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.
As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.
As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.
Key metrics suggested that BTC might soon begin its journey toward $120k.
Digital assets traded in the red today as cryptocurrency enthusiasts remain skittish amidst the United States Presidential elections. Bitcoin price retraced towards the $68K mark, dragging the altcoin market lower over the past day. The bellwether token trades at $68,790 at press time, with bears signaling further declines before probable uptrends.
DOGE's price surge came after the latest Musk interaction.
Bitcoin is priced at $68,344, down 1.09%, with trading volume up 24.89%. U.S. 2024 election impacts market sentiment and ETF flows.
Mt. Gox transferred $2.2 billion worth of Bitcoin to new wallets on November 5, 2024, causing market volatility and a price drop below $68,000
The US spot Bitcoin ETFs registered a notable net cash outflow on Monday after recording more than $2.2 billion in cash inflows last week.