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news-imageNovember 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%.
Publisher: Benzinga
Sentiment: Positive
BTC
DOGE

More News Articles

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cover-imageThe Currency Analytics
November 6, 2024

Bitcoin ETFs See $541M Outflows as Election Uncertainty Fuels Volatility

Bitcoin exchange-traded funds (ETFs) experienced significant outflows totaling $541 million in early November, driven by heightened volatility in the crypto market as U.S. election results loom. With uncertainty surrounding potential political shifts, investors have been cautious, pulling back from BTC ETFs amid the market's fluctuations.

Positive
cover-imageCryptoSlate
November 6, 2024

Spot Bitcoin ETFs on track for record-breaking day following Trump win

BlackRock's spot Bitcoin (BTC) ETF recorded an impressive $1 billion in trading volume within just 20 minutes of market opening on Nov. 6, spurred by President-elect Donald Trump's victory in the US elections. The surge reflects heightened investor confidence in a pro-crypto administration under Trump, who defeated incumbent Vice President Kamala Harris.

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cover-imageCoingape
November 6, 2024

Peter Schiff Says Bitcoin Is ‘Anti-Gold,' Here's Why

Analyst Peter Schiff, a well-known financial commentator, has reiterated his critical stance on Bitcoin, claiming that it stands in contrast to gold. Amid recent market optimism following the re-election of Donald Trump as U.S. President, BTC has surged, while gold has seen a decline.

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.

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