Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.

Bitcoin (BTC) soared to a new all-time high on Nov. 6 and is poised for further upside, spurred by significant institutional and retail capital inflows and rising market volatility, according to Glassnode's latest “Week On-chain” report. The landmark surge comes amid monthly net capital inflows totaling $2.

The Bitcoin price has hit a new All-Time High (ATH), marking a historical milestone in the crypto market. With a remarkable rally surpassing $75,000, Bitcoin is experiencing considerable momentum, driven primarily by market sentiment surrounding the US elections.

CryptoQuant founder projected a $96K-$103K cycle top for BTC as whales trim their BTC exposure.

Bitcoin (BTC), the world's largest cryptocurrency by market cap has gained notable attention from crypto enthusiasts following its impressive performance over the past 24 hours.

Bitcoin's dominance (BTC.D) has been steadily climbing, and as it approaches its previous cycle highs, traders and analysts are wondering if we're on the verge of a shift toward altcoin season. For months, Bitcoin has led the crypto market, but as its dominance reaches critical levels, the question remains: will altcoins soon begin to outpace Bitcoin and take center stage?

Bitcoin reached a remarkable all-time high today, hitting $74,870 as former President Donald Trump's odds of winning the U.S. presidential election surged to 97% on the prediction market platform Polymarket. The cryptocurrency has seen a strong rally, currently trading at around $74,331.55, up 8.61% over the last 24 hours.

Following Trump's victory, Senator Lummis proposes a Bitcoin Strategic Reserve bill to establish a national fund for Bitcoin. This bill could potentially reshape the U.S. government's approach to cryptocurrency and combat inflation. The post Senator Lummis Hints at U.S. Strategic Bitcoin Reserve, Echoing Trump's Crypto Promises appeared first on Cryptonews.

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.

Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.

For weeks, former President Donald Trump defeating VP Kamala Harris in this year's election appeared to be bullish for bitcoin.

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.

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.

The Bitcoin price has surged past $76,000 and is still eyeing new highs as US Vice President Kamala concedes defeat to Donald Trump. This price rally to new ATH comes just hours after the flagship crypto surpassed its previous ATH of $73,000, rising to as high as $75,000.

A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.

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%.

The crypto-friendly, bipartisan market structure bill was good enough under a Biden regime. Now things have changed, sources say.

The establishment of a Bitcoin reserve could significantly alter global financial dynamics, positioning the US as a leader in digital currency innovation. The post US Senator Lummis reaffirms Bitcoin will be become a national reserve asset following Trump's victory appeared first on Crypto Briefing.

Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.

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, Seth Hertlein of Ledger discusses the crypto industry's reaction to Donald Trump's victory in the 2024 election.

Bitcoin is soaring on optimism that President-elect Trump will follow through on his promise to support Bitcoin and the crypto industry at large. Republicans have won control of the Senate, with the House still up for grabs.

Senator Cynthia Lummis reaffirmed plans to create a strategic Bitcoin Reserve in the U.S. hours after Donald Trump won the presidential election.

$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.

As Trump won the U.S. presidential elections, Bitcoin soared more than 7.7%.

"The odds were too good," the content creator stated.

Huge BTC and ETH transfers by crypto whales follow the 2024 U.S. election results. Multi-million-dollar transfers of this large-cap frog-themed memecoin were detected hours ago.

Senator Cynthia Lummis (R-Wyo.) on Wednesday reiterated her support to build a strategic Bitcoin (CRYPTO: BTC) reserve, aligning with the latest crypto-positive policies from the new administration.

Donald Trump's 2024 election victory has created over 11,000 new Bitcoin millionaires. According to data from Finbold, the number of Bitcoin wallets valued at $1 million or more rose to 132,842 on November 6, as Bitcoin prices increased by 7.

MicroStrategy co-founder Michael Saylor has thrown his support behind the idea of creating a strategic Bitcoin (BTC) reserve in a recent social media post.

An “everything rally” powered Wall Street on Wednesday after the 2024 election results, with Donald Trump emerging as the clear presidential winner. The Republican Party reclaimed control of the Senate, while the House of Representatives leans Republican but remains undecided.

As analysts predict Bitcoin could reach $250K, how might Trump's promises influence this potential? What should you be watching for in the coming months?

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.

Bitcoin set a new all-time high of $75,100 early Wednesday, marking a significant milestone for the leading cryptocurrency. This latest surge comes as bullish sentiment builds around the ongoing U.S. presidential election, where results are increasingly leaning in favor of former President Donald Trump.

The United States had a presidential election where Donald Trump was elected. Bitcoin price performed positive during the election day, making a new ATH on Wednesday.

While commenting Trump's win, US Senator Cynthia Lummis made a significant announcement and pulled back the curtains on a pivotal legislative proposal targeted at the Federal Reserve. She also reiterated that the US plans to build strategic Bitcoin reserve.

As Bitcoin reaches new heights, the bold words of its mysterious creator, Satoshi Nakamoto, echo across the crypto world.

Veteran trader Peter Brandt says that Bitcoin (BTC) is set to vastly outperform gold after printing a bullish pattern on the longer-term chart. Brandt shares a chart with his 745,000 followers on the social media platform X showing Bitcoin in a clear uptrend when priced in gold (BTC/XAU).

Bitcoin's valuation soars to $1.5 trillion after Trump's victory, making it the 10th largest global asset ahead of Meta.

Bitcoin surged to new all-time highs during election night, hitting an impressive $75,300 as market excitement reached a fever pitch. This milestone pushed Bitcoin into price discovery, igniting significant liquidations across trading platforms.

CNBC's Mackenzie Sigalos joins 'Halftime Report' to discuss how crypto is reacting to the election.

The futures market is signaling that the current Bitcoin rally, spurred by Donald Trump's recent election victory on Tuesday, might be starting. According to Vetle Lunde, head of research at K33 Research, the election's immediate aftermath has seen a “risk-on rotation” across derivatives, indicating a surge in investor confidence.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

BlackRock's iShares Bitcoin Trust ETF (IBIT) shot up to over $1 billion in trading volume within a jaw-dropping 20 minutes. This is the kind of volume you see with major sell-offs, but that's not what's happening here.

Trump's victory, broadly seen as a massive boon to the crypto industry, also sent bitcoin to an all-time high of above $75,000.

Trump's pro-crypto policies can likely to trigger sector-wide rallies in the upcoming months.

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.

Some analysts expect Bitcoin's price to surge following Donald Trump's Nov. 5 election win.