With Donald Trump now elected as the next U.S. president, market sentiments have turned positive as experts foresee Bitcoin crossing major benchmarks by 2025. Moreover, JPMorgan analysts envision a strong outlook for both gold and bitcoin.
TL;DR Bitcoin Surges Past $75,000: Following Donald Trump's election victory, Bitcoin's price jumped nearly 8%, reaching over $75,000, as investors anticipate a favorable regulatory environment for cryptocurrencies under his administration.
Samson Mow, a Bitcoin maximalist and CEO at the JAN3 company, has published a tweet that shares an optimistic take on the Bitcoin price's near future.
TL;DR On November 6, 2024, Spot Bitcoin ETFs saw a significant surge in inflows, totaling $622 million, marking a record daily turnover of $6.07 billion, led by BlackRock and Fidelity. BlackRock's iShares Bitcoin Trust (IBIT) set a new record with a daily trading volume exceeding $4.
Bullish momentum continues to dominate BTC's price chart.
A number of analysts believe Ethereum is more than ready for a monster rally, and predict ETH could reach $5,000 or even $8,000 next year.
As the market pauses to catch its breath, the $BTC price is currently consolidating around the $75,000 price level. With a marked positive change towards Bitcoin about to be implemented, as the new Trump administration begins its tenure in January, could $BTC surge into the end of the year?
According to James Butterfill, CoinShares' Head of Research, Donald Trump's administration is expected to create a more supportive environment for Bitcoin's growth and adoption.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.
BlackRock's iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.
BlackRock's iShares Bitcoin Trust (IBIT) hit a record trading volume of over $4.1 billion following Donald Trump's presidential election win.
Just as Donald Trump seized a decisive victory for the Republican party yesterday, the crypto community is now looking forward to the United States building a Bitcoin strategic reserve. During his election campaign, Trump actively backed BTC and even floated the idea of holding it as a reserve and writing Bitcoin cheques to reduce the
Widely followed analyst Benjamin Cowen is issuing a warning on Bitcoin (BTC) as the flagship crypto asset trades near its all-time high. In a new video, Cowen tells his 820,000 YouTube subscribers that Bitcoin could turn bearish around one month after the US general election.
The Internet Computer Protocol (ICP), the blockchain network designed for high-speed decentralized applications, has experienced a monumental rise in network activity, with its growth primarily driven by the expansion of its Chain Fusion interoperability protocol. However, despite the impressive rise in its ecosystem activity, the price of ICP has remained largely muted, following a broader market trend of consolidation in the latter half of 2024.
After Struggling for the last six months bitcoin price has finally hit the ATH and touched the $76,200 mark after Donald Trump's election win. Meanwhile, experts predict that the next few months in the crypto market are about to get wild.
Bitcoin (BTC) surged to a new all-time high following Donald Trump's resounding victory in the US presidential elections. BTC surged to $76,460 hours following Trump's victory, as the crypto market surged to new highs.
Following Donald Trump's victory in the US presidential election against Vice President Kamala Harris, optimism is surging in the cryptocurrency market. Analysts are now projecting that Bitcoin could reach new heights of $100,000 before the presidential inauguration, which is just over two months away.
With Donald Trump elected as the 47th president of the United States, the prospect of establishing a national Bitcoin reserve is gaining momentum.
The total crypto market cap is well above $2.6 trillion after the most recent gains.
In the last 24 hours, the crypto exchange Binance has recorded record withdrawals in Bitcoin amounting to over 9,000 BTC.
Under such a proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency's total supply, the report said.
Trump's victory is expected to benefit both gold and bitcoin, with BTC set to get a further boost from MicroStrategy, JPMorgan analysts said.
BlackRock's IBIT set a trading record as Bitcoin ETFs bounced back with significant inflows, while Bitcoin itself climbed to $75,000.
Senator Cynthia Lummis is making a bold new proposal to establish a Bitcoin reserve in the US. This follows President-elect Donald Trump's recent declarations in the run-up to the US elections.
The crypto industry saw a positive boost recently as the price of Bitcoin soared to a new all-time high (ATH). As reported by U.Today, Bitcoin jumped to $76,460.15 amid a sustained growth push over the past week.
Cathie Wood, the founder of asset management giant Ark Invest, supported Sen. Cynthia Lummis' (R-Wyo.
Bitcoin reached a new all-time high of $75,358 following Trump's re-election announcement, before settling at $74,037 amid mixed technical indicators and analyst predictions.
Here's what the legendary Bitcoin Market Value to Realized Value (MRVRV) Ratio says about whether Bitcoin is currently overheated or not. Bitcoin MVRV Ratio Has Risen Alongside The Latest Rally In a CryptoQuant Quicktake post, an analyst has discussed about the MVRV Ratio of Bitcoin.
If you are thinking about investing in Bitcoin, keep your focus on its long-term outlook.
The cryptocurrency market surged today as news of Donald Trump's US election win sent ripples through the digital asset world. Bitcoin (BTC) briefly hit a new all-time high of $76,000, boosting overall investor sentiment.
BTC price targets already include $100,000, with Bitcoin traders bracing for more volatility around the Fed interest rate decision.
Bitcoin has surged past $76,000, sparking “Extreme Greed” among investors, as revealed by the Crypto Fear & Greed Index. This high level of greed signals strong optimism but also warns of a potential market correction.
Bitcoin's meteoric rise to $75,000 has propelled Open Interest (OI) to a record-breaking $45.41 billion, marking a 13.29% surge since November 5. The post Bitcoin Open Interest Hits Record High Amid $75,000 Rally, Analysts Bullish on Further Upside appeared first on Cryptonews.
Cryptocurrency investors have poured more than $200 billion into different digital assets in the last 24 hours after Trump's victory in the just-concluded U.S. elections. Major digital currencies have surged impressively since the elections, with Bitcoin recording a new all-time high.
The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.
Bitcoin's growing dominance in the financial landscape continues to capture the attention of financial experts, with Anthony Pompliano, a longstanding advocate of cryptocurrency, offering an insightful analysis of its potential advantages over traditional assets like gold. Pompliano, the founder of Pomp Investments, recently discussed Bitcoin's emerging role in the economy, particularly in light of the continued depreciation of the U.S. dollar.
Another ATH was recorded yesterday on the wave of the American elections and in anticipation of FOMO.
Bitcoin has experienced a notable surge in price, reaching an all-time high of $75,358 following the announcement that former US President Donald Trump has been reelected, becoming the 47th President of the United States. So far, the asset's value has seen a nearly 10% spike in the past day before experiencing a slight correction, trading at $74,037 at the time of writing—a decline of approximately 1.1% from its peak earlier today.
Although the Bitcoin price rally has paused above $75,000 a day after Donald Trump's victory, altcoins have continued their strong show with the Ethereum price taking the lead with 11% gains all the way to $2,850 levels. Investors have a lot of questions as to does this mark the beginning of the much-awaited altseason moving
US spot Bitcoin exchange-traded funds (ETFs) saw a dramatic turnaround on November 6, drawing in approximately $622 million in net inflows The post US Spot Bitcoin ETFs Rebound with $622M Inflows, Breaking Three-Day Losing Streak appeared first on Cryptonews.
Semler Scientific, a technology company specializing in products and services aimed at combating chronic diseases, has significantly expanded its cryptocurrency portfolio with the purchase of an additional 47 bitcoins (BTC) for a total of $3 million. This move brings the company's total bitcoin holdings to 1,058 BTC, which has been acquired at an aggregate cost of $71 million, including transaction fees and other costs.
Democratic candidate Kamala Harris has conceded her defeat in the US election, marking the beginning of a new era led by Republican leader Donald Trump, who has secured at least 295 electoral votes as against Harris' 226.
NBA star Scottie Pippen's "dream encounter" with Bitcoin (CRYPTO: BTC) creator Satoshi Nakamoto failed to hit the bull's eye, as the leading cryptocurrency gained but didn't gain enough on election day. What happened: Widely regarded as one of the greatest players in NBA history, Pippen is a known celebrity advocate of Bitcoin and actively uses his social media presence to promote the cryptocurrency.
Bitcoin approaches $75,000 as Trump's pro-crypto stance fuels market enthusiasm. Crypto stocks and altcoins rise, with optimism around potential regulatory easing. The post Bitcoin Nears $75,000 as Trump's Pro-Crypto Stance; What's Ahead? appeared first on Cryptonews.
The Federal Reserve is about to announce a 25-basis-point rate cut, likely bringing rates down to the 4.5%-4.7% range. But since everyone's already expecting this move, it might not make waves on its own. The real buzz will come after Fed Chair Jerome Powell speaks about how he sees President-elect Trump's economic plans playing out.
Bitcoin has surged by 7.7% in the last 24 hours following Donald Trump's win in the US election. This victory has sparked a positive market reaction, with BTC breaking above its all-time high and reaching new price levels, fueling excitement among investors.