Bitcoin short-term holders panic and send coins to exchanges at a loss as a BTC price U-turn gathers momentum.

Today's Crypto Market crash lead to $277,480,000 liquidation. Liquidation refers to the forced closing of positions. Long liquidations happen when BTC prices fall sharply, forcing traders betting on a price increase to sell. The Bitcoin market has seen the highest liquidation of $88.40M in the last 24 hours, with long liquidations totaling $79.

Bitcoin is back in the spotlight as it surges past the $70,000 mark, currently trading close to $72,000. This recent price movement comes on the heels of a significant 3.9% increase in just 24 hours.

A tracker for market sentiment reached “extreme greed” levels on Thursday, which has historically preceded market corrections.

Ryan Lee, the chief analyst at Bitget Research, observed that while Bitcoin exchange-traded funds play a major role in driving demand, multiple factors are contributing to Bitcoin's momentum.

On Oct. 31, BlackRock's spot Bitcoin ETF, IBIT, recorded a notable $318.8 million in net inflows despite a 4% dip in Bitcoin's price, which dropped to around $68,800.

A closely followed crypto analyst says is turning bullish on Bitcoin (BTC) as the flagship crypto asset hovers above $70,000.

On Thursday, influential economist Peter Schiff took a swipe at MicroStrategy Inc.(NASDAQ:MSTR) CEO Michael Saylor's $42 billion Bitcoin (CRYPTO: BTC) investment strategy, likening it to a market trap. What Happened: Schiff took to X, formerly Twitter, and compared Saylor to “the Egg Man” in a metaphorical critique of his Bitcoin investment plans.

Bitcoin (BTC) price dropped around 4 percent in the past 24 hours to trade around $69,532 on Friday, November 1, during the early European session. After teasing a rally towards its all-time high earlier this week, the flagship coin closed October trading at around $70k, below the highest monthly close of about $71,297.

On Wednesday, BlackRock, the world's largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January. Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock's iShares Bitcoin Trust on Wednesday, marking a daily record for the fund.

Bitcoin's price is on the verge of breaking its all-time high, capturing the attention of the financial world. But while Bitcoin soars, the rest of the cryptocurrency market isn't faring as well.

With a massive correction in Bitcoin on Thursday, the crypto total market cap dropped by 3.10%. The slip-down continues with an intraday drop of 0.80%, accounting for a wipeout of nearly $100M in the entire crypto market.

The crypto market will witness $2.29 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined.

Reddit has notably decreased its cryptocurrency holdings, as detailed in a recent SEC filing. The social media platform sold off the majority of its Bitcoin and Ethereum during the third quarter, just ahead of Bitcoin's price surge in October, which saw the cryptocurrency reach a high of $73,569—only $168 shy of its all-time high.

Bitcoin traders are feeling bullish about a potential “nuclear” rally amid rumors of over-the-counter exchanges “running short of Bitcoin.”

The total crypto market cap is down by about $100 billion.

Key Points:

Friday means that crypto options expiry day has come around again and things are finally heating up in crypto markets with volatility abound.

Bitcoin (BTC) exchange reserves have plummeted to record lows, reflecting a growing trend of accumulation among investors. This decrease coincides with a substantial uptick in buying pressure over recent weeks, leading to speculation about a potential supply squeeze that could further amplify Bitcoin's price movements.

A press conference held today, October 31, at London's Frontline Club purported to unveil the true identity of Satoshi Nakamoto, the creator of Bitcoin. Stephen Mollah, a British businessman currently embroiled in a legal dispute over the same claim, stepped forward as the man behind the pseudonym.

Amidst revenue growth, company faced hashrate expansion challenges in U.S facilities.

The broader crypto market faced a strong sell-off on Thursday as it turned out to be an absolute Halloween event for investors. The BTC price has crashed 4.11% and is currently trading at $69,320 levels as the Bitcoin options data shows a tough fight between the bulls and the bears.

Around 500 BTC has been moved from a Mt. Gox-associated address but it is unclear if this is related to repayments.

The crypto prices today have again sparked mixed investor sentiments, illustrating fluctuating trajectories. Bitcoin (BTC) price waned back to the $69K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded dominantly in the red zone.

Will the lucrative BTC basis trade drive more institutional interest into the market?

XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance.

In just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades.

The strong inflows into BlackRock's Bitcoin ETF highlight growing investor confidence in crypto ETFs, potentially stabilizing the market. The post BlackRock Bitcoin ETF logs $318 million net inflows despite BTC price dip appeared first on Crypto Briefing.

The once-notorious crypto exchange Mt. Gox transferred 500 Bitcoin (BTC) (worth about $35.04m) to two unmarked addresses.

CleanSpark CEO Zach Bradford said it was a strategic move for the firm to increase its mining capacity in Tennessee.

The cryptocurrency market is experiencing a dynamic shift, with Shiba Inu (SHIB) showing signs of a possible reversal, Solana (SOL) facing a concerning pattern in its momentum, and Bitcoin (BTC) pushing toward an ambitious target of $84,000. As traders navigate this volatile landscape, it's essential to understand the indicators that could influence price movements in the coming days.

According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade' In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside' for both BTC and gold, as retail investors increasingly view Bitcoin as a ‘debasement trade.

MicroStrategy has shocked the crypto community with its latest plans to increase its Bitcoin stash by 4X with an impressive $42 billion capital plan. Known for its unwavering Bitcoin accumulation strategy, MicroStrategy has consistently purchased BTC, solidifying its position as the world's largest corporate holder of the cryptocurrency.

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs.

The race among Bitcoin exchange-traded funds (ETFs) continues to heat up as the BlackRock Bitcoin ETF (IBIT) posts an impressive $3.3 billion trading volume, marking its highest level in six months. Institutional demand appears to be driving this surge, with BlackRock's IBIT leading a wave of FOMO-driven inflows, indicating that major investors are moving to capitalize on Bitcoin's current momentum.

The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold's Scrubgrass site.

Peter Schiff warns that Microstrategy's $42 billion plan to boost bitcoin holdings, funded by debt and equity, risks a dangerous liquidity trap. He called Michael Saylor “the Egg Man.

With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris. Voters in critical states prepare to weigh in.

An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level. OG, short for “original gangster” or “original gangsta,” is a slang expression for someone who is exceptional, unique, or “old-school.

Bitcoin is on the verge of breaking its all-time high, and investors feel the euphoria as BTC approaches a pivotal point. Market anticipation is building, with many expecting a strong surge once BTC enters price discovery and moves into uncharted territory.

Bitcoin approaches a significant milestone, cryptocurrency enthusiasts are buzzing with excitement. The price of Bitcoin has soared from approximately $65,000 to over $73,000 in just a week, putting it a mere 2% away from breaking its all-time high (ATH) of $73,750, set on March 14, 2024.

The price of the flagship cryptocurrency Bitcoin ($BTC) topped the $73,000 mark over this week and nearly hit its previous all-time high before enduring a significant correction, seemingly as institutional demand for BTC in custodial wallets has kept on rising.

Consolidation of the past six months gave the metrics, price action a chance to recuperate on the higher timeframes.

prominent financial expert Lyn Alden, founder of Lyn Alden Investment Strategy, has expressed a highly optimistic outlook for Bitcoin. According to her, several economic indicators suggest that Bitcoin could emerge as one of the most bullish assets in the coming year.

Bitcoin (BTC) is back in the headlines with a striking price surge above $73,000, ignite renewed optimism for a potential rally to $84,000. This recent price movement comes as BTC shakes off losses from the August 5 market drop, which briefly pushed the leading cryptocurrency below $50,000.

Solana is on a strong upward trajectory, and if the current pace continues, it could see its price approach $200 by mid-November. Strong market sentiment is reflected in the price action for SOL as growing investor interest pushes it closer to this expected level.

Microstrategy announced a $42 billion plan to accelerate bitcoin purchases, aiming to strengthen its reserves and position itself as a leader in digital asset investment. Aiming High: Microstrategy's $42 Billion Vision for Unmatched Bitcoin Reserves Software intelligence firm Microstrategy Inc.