BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.

The crypto markets are consolidating ahead of the U.S. elections as the spectaculars see Donald Trump as the next President, which is expected to induce a strong bullish momentum. Meanwhile, another set of people still believe Bitcoin doesn't care who wins, as the markets have become largely dependent on the institutions.

Bitcoin ETFs in the United States just faced their largest-ever single-day outflow, with $580 million exiting these funds on Monday—surpassing previous outflow highs seen earlier this year in May. Investors are trimming Bitcoin positions in anticipation of the U.S. presidential election, a likely catalyst behind the spike in outflows and an overall bearish market sentiment.

Bitcoin dips under $70,000 amid U.S. election uncertainty. Could a Trump win fuel BTC's rally? Insights on technical levels and market trends. The post Bitcoin Price Dips Under $70,000 as Kamala Harris Gains Ground – Will a Harris Win Trigger a Crash? appeared first on Cryptonews.

A seasoned market analyst has recently provided insights into Bitcoin's latest bearish phase, asserting that the recent price correction is both “healthy and reasonable.” This analysis comes amid heightened speculation regarding Bitcoin's trajectory, especially as the U.S. presidential election approaches.

The United Kingdom pension specialist has advised that Bitcoin be included in a pension fund as a first for the country.

BTC price strength will be back with a vengeance early in 2025, analysis predicts, but the US Presidential Election will bug Bitcoin bulls until Inauguration Day.

As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. BTC Faces Key Support Levels Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved in March following the approval of exchange-traded funds (ETFs) that invest in the cryptocurrency.

Medical device maker Semler Scientific says it remains “laser focused” on acquiring and holding more Bitcoin after its crypto reserves surpassed 1,050 BTC.

October was a big month for Bitcoin mining giants Marathon Digital and Riot Platforms, who reported their highest monthly Bitcoin production since the April halving.

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 ETFs in the United States witnessed substantial outflows ahead of a highly anticipated presidential election, marking their second-largest outflow day on record. The post US Bitcoin ETFs See $541M in Outflows Amid Election Uncertainty, Second-Largest to Date appeared first on Cryptonews.

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.

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 (BTC) exchange-traded funds (ETFs) have collectively acquired over one million BTC in less than a year since their launch, reflecting strong demand for the digital asset among investors. Bitcoin ETFs Surpass One Million BTC Milestone According to a chart shared by crypto analyst Ali Martinez on X, the cumulative BTC holdings in Bitcoin ETFs have exceeded one million BTC within this short period.

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.