Spot Bitcoin exchange-traded funds in the U.S. recorded their second-highest net outflows on Monday, Nov. 4. According to data provided by Farside Investors, the U.S.-based spot Bitcoin (BTC) ETFs saw a net outflow of $541.1 million yesterday.

Key Points:

Bitcoin prices may swing wildly depending on whether Donald Trump or Kamala Harris comes out on top in today's presidential election.

The outflows of over $540 million on Monday marked the bitcoin ETFs' second-largest daily net outflows since debut.

The defunct crypto exchange has transferred its largest Bitcoin batch in months, a week after extending its repayment timeline.

"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME.

What was the main investor strategy during the last full trading day before the US presidential elections?

On Monday, Bitcoin exchange-traded funds logged $580 million worth of outflows. These are the largest single-day outflows to date, according to data provided by Bianco Research.

Cartwright, an independent business and specialist pension scheme advisor, urges UK institutional investors to embrace Bitcoin following the nation's first allocation to a defined benefit (DB) scheme. Cartwright's New Allocation Strategy In its announcement, Cartwright, specializing in defined benefit and hybrid pension schemes, emphasized the significance of incorporating Bitcoin into retirement plans.

The Nasdaq-traded healthcare tech firm announced its new bitcoin purchases alongside the release of its third-quarter earnings report.

As we approach the final quarter of 2024, the outlook for Bitcoin's price is filled with mixed predictions. However, there are some key factors that could drive Bitcoin's movement in the coming months, and experts are weighing in on what might happen. Short-Term Impact of the U.S.

In a first for the UK, a British pension fund has added Bitcoin to its balance sheet, allocating 3% of its portfolio to the cryptocurrency. Cartwright, the pension advisory firm behind this one-of-a-kind move, announced on Monday that it had advised the fund to make this strategic investment.

A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges.

A cold wallet (12Gws) associated with the now-collapsed crypto exchange Mt. Gox transferred 32,371 Bitcoin to an unknown wallet address starting with 1FG2Cv.

After notching a three-month high last week, Bitcoin volatility has flattened out as traders await the outcome of the US election with bated breath.

According to data provided by cryptocurrency analytics firm Spot On Chain, wallets associated with the now-defunct Mt. Gox cryptocurrency exchange transferred more than $2 billion worth of Bitcoin to three new addresses earlier this Tuesday.

Bitcoin's latest dip has raised several question for holders.

The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history.

The significant outflow from Bitcoin ETFs signals potential market instability and heightened volatility amid upcoming political and economic events. The post Bitcoin ETFs bleed $541 million, second-largest single-day outflow since launch appeared first on Crypto Briefing.

Bitcoin (BTC), the world's largest cryptocurrency by market cap, has fallen below the $68,000 level as defunct Mt. Gox moves billions worth of BTC. On November 5, 2024, the Whales transaction tracker made a post on X (Previously Twitter) that Mt. Gox had moved a substantial 32,371 BTC worth $2.19 billion, from its cold wallet.

Two years post-FTX, exchanges prioritize asset transparency but Coinbase remains the only major without a public Proof-of-Reserves report.

After repaying more than $6 billion worth of Bitcoin (BTC) to distressed creditors since June, Mt.Gox is preparing to make another fund distribution. According to on-chain data analysis provided by Arkham Intelligence, the defunct cryptocurrency exchange made the largest transfer of Bitcoins from its associated wallet earlier today. Mt.Gox sent 32.

Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action.

Bitcoin, often influenced by long-term holders' (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark.

Bitcoin (BTC) has witnessed a significant drop in open interest (OI) amounting to $2 billion. This development comes as traders across the cryptocurrency market prepare for potential volatility linked to the upcoming U.S. election.

Crypto exchange Mt. Gox moved $2.2b in Bitcoin to unmarked wallets on Monday, following a $35m transfer days earlier. The post Mt. Gox Shifts $2.2B in Bitcoin to Unidentified Wallets appeared first on Cryptonews.

Bitcoin (BTC) could see significant post-election gains as analysts predict a new all-time high, while support at $65,000 remains key amid U.S. election volatility.

A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C

Ahead of the highly contested 2024 United States presidential election today, Bitcoin (BTC) price dropped around 2 percent to trade at about $67,848 on Tuesday, November 4, during the early Asian session. Having been rejected around the all-time high of about $73.

Michigan's pension fund's million-dollar dive in both Bitcoin and ETH ETFs is creating ripples in the market. Recently, the State of Michigan's pension fund has shown strong confidence in Bitcoin, revealing a substantial $6.9 million investment in the ARK Bitcoin ETF.

Bitcoin price is struggling below the $69,500 zone. BTC is showing signs of weakness and upsides might be capped near the $69,200 level.

Bitcoin could reach $3 million, according to asset manager Vaneck, with a model showing its potential as a reserve asset held by global central banks.

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3% to Bitcoin.

Bankrupt cryptocurrency trading platform Mt. Gox has transferred approximately $2.2 billion worth of Bitcoin to unmarked wallet addresses, according to data from blockchain analytics firm Arkham.

Fundstrat Global Advisors' Tom Lee and analysts from Bernstein predict robust markets heading into 2025, regardless of the results of the upcoming US presidential election. While Lee expects a broader market rally across sectors, Bernstein highlighted Bitcoin's (BTC) resilience amid political uncertainty.

It was a sea of red in the cryptocurrency market on Tuesday as investors positioned themselves for the US election and the Federal Reserve interest rate decision. Bitcoin fell to $67,900, while Solana (SOL), Popcat (POPCAT), and Mantra (OM) fell to $158, $1.2, and $1.28, respectively.

Bitcoin plummeted further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

Medical device firm Semler Scientific has spent $71 million to buy 1,058 Bitcoin, adding another 181 Bitcoin to stash over Q3 and into the start of November.

The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin's Market Value to Realized Value (MVRV) ratio, a metric often used to gauge Bitcoin's value compared to its on-chain fundamentals.

Bitcoin's rise appears unstoppable, with Bernstein projecting a $200,000 target for 2025, undeterred by potential market volatility from the upcoming U.S. election.

Bitcoin ETF inflows surged to $2.22 billion over the past week - A sign of rising confidence among investors.

Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.

Mt. Gox transferred around 32,371 BTC to two unknown wallet addresses on Monday evening, according to Arkham data.

A well-known cryptocurrency analyst, referred to as “Credible,” has shared a new forecast on Bitcoin's price path, predicting a notable rally to $74,000. According to his analysis, this could be followed by a market correction, setting up Bitcoin for a long-term surge beyond $100,000 in 2024.

Aksel Kibar, a Chartered Market Technician (CMT), has brought attention to a potential Gravestone Doji formation on Bitcoin's weekly chart, which may signal an impending bearish reversal. This candlestick pattern is characterized by a long upper shadow and a close near the opening price, suggesting that bullish efforts to push prices higher may be faltering.

Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained.

Bitcoin has faced significant volatility and uncertainty as it approaches a pivotal week, with tomorrow's U.S. election expected to play a key role in determining its price action. BTC is holding steady above the $68,000 mark, a critical level that has shifted from resistance to a solid demand zone.