If you buy the narrative that the current administration hates crypto then a Trump win is better for the asset.
The cryptocurrency market is reacting to the upcoming US Presidential election after more than $288M was liquidated within 24 hours per Coinglass. Out of these liquidations, $142M were long, while $86M were short.
As the Fed meeting and elections loom, could Bitcoin finally surge past $70k, or are bearish forces too strong to let BTC rise? BTC teeters on the edge With the U.S.
As the U.S. faces the most consequential election of our lifetime, the Trump administration offers an unprecedented opportunity for the Bitcoin community.
According to data provided by CoinWarz, Bitcoin mining difficulty, a metric that shows how many hashes have to be generated to solve the next block, is on track to surpass 100 trillion this week.
The world is sitting up to watch the verdict of the American people with markets on suspense for the day as last minute preparations are in effect for what some suspect will be an all nighter for the election.
In a recent press release, Florida's Chief Financial Officer (CFO) Jimmy Patronis officially requested that the State Board of Administration (SBA) explore the feasibility, risks, and potential advantages of investing a portion of Florida's state retirement funds into cryptocurrency, with a specific focus on Bitcoin.
TL;DR Deutsche Telekom and Bankhaus Metzler launch a pilot Bitcoin mining project in Germany using surplus renewable energy. The project aims to stabilize the power grid during fluctuations by using Bitcoin mining as a “flexible load.” The initiative, called “Digital Monetary Photosynthesis,” converts excess energy into digital value, providing data for future energy applications.
The project, "Digital Monetary Photosynthesis," aims to utilize electricity from renewable sources that would otherwise remain unused.
Despite the market downturn and bearish sentiment across the cryptocurrency landscape, a wealth management firm has made a bold prediction for Bitcoin (BTC) ahead of the U.S. presidential election.
Deutsche Telekom's subsidiary MMS has partnered with Bankhaus Metzler to pilot a Bitcoin mining project in Germany, utilizing surplus renewable energy to stabilize the energy grid and convert excess power into digital assets. The post Deutsche Telekom Subsidiary Partners with Bankhaus Metzler for Green Bitcoin Mining Initiative appeared first on Cryptonews.
TL;DR Last week, digital asset investment products saw inflows of US$2.2 billion, bringing the total to US$29.2 billion so far this year. Euphoria surrounding a possible Republican victory in the US elections drove these flows, although small outflows were seen on Friday as polls changed.
Bitcoin emerged as the primary beneficiary, receiving $2.2 billion in inflows, while Ethereum and altcoins attracted significantly smaller investments.
Bitcoin spot exchange-traded funds (ETFs) registered a net inflow of $2.22 billion from October 28 to November 1. This surge marks the third-largest weekly inflow in the history of U.S. spot Bitcoin ETFs, highlighting a renewed wave of institutional interest in Bitcoin as market dynamics shift ahead of the upcoming presidential elections.
Prominent on-chain data tracker Whale Alert, which monitors large cryptocurrency transactions, has spotted a massive amount of Bitcoin withdrawn from Bybit. This whale currently holds a mammoth $3,569,790,542 worth of BTC.
MMS, a subsidiary of German telecommunications giant Deutsche Telekom, has entered a partnership with financial services firm Bankhaus Metzler, which will mine Bitcoin using its surplus energy. The pilot project will see both companies use excess renewable energy that would otherwise have gone to waste to mine BTC.
Deutsche Telekom, through its subsidiary MMS, is joining forces with Bankhaus Metzler to pilot the use of surplus renewable energy to mine Bitcoin (BTC). The collaboration, announced in a press release on Nov. 4, aims at a Bitcoin mining infrastructure operation that taps into renewable energy sources that would otherwise remain unused.
As Bitcoin hovers near $69,000, investors eagerly await the Fed's rate decision and U.S. election results, which could spark major price shifts. The post Bitcoin Price Analysis: BTC Nears $69,000 as Market Awaits Fed Rate Decision & U.S. Election appeared first on Cryptonews.
MMS, part of German telecom giant Deutsche Telekom, has launched a trial Bitcoin (BTC) mining project with Bankhaus Metzler. The mission of the project is to create a system for mining BTC that will use excess energy produced by renewable sources such as solar and wind and, as a result, help stabilize the country's power grid by using excess renewable energy.
CryptoQuant founder and CEO Ki Young Ju, on Monday highlighted that demand for Bitcoin spot ETFs has been robust, with significant net inflows at price levels above $61,000. What Happened: According to Young Ju, the sustainability of this trend hinges on Bitcoin (CRYPTO: BTC) maintaining its price above this key threshold.
Digital asset investment products saw inflows of $2.2 billion last week, bringing total inflows this year to a record-breaking $29.2 billion, according to CoinShares‘ latest report. The strong performance, coupled with recent Bitcoin price increases around $70,000, lifted the sector's total assets under management (AuM) above $100 billion for only the second time.
In a surprise ‘ask me anything' (AMA) stream on YouTube on November 2, the Cardano (ADA) and Ethereum (ETH) co-founder Charles Hoskinson discussed the potentially ‘revolutionary' prospect of integrating ADA with Bitcoin (BTC).
Marathon Digital Holdings reports a 14% increase in hash rate and a 2% rise in Bitcoin production for October 2024, signaling growth amid rising network difficulty.
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The Bitcoin market has been somewhat stable over the last 24 hours, as traders will be waiting to see the results of the US elections, the Federal Reserve interest rate decision, and risk appetite in general due to all the news flow.
Bitcoin may have depreciated, but it's not out of the game yet.
Exciting news is coming out of Germany! Deutsche Telekom is teaming up with Riva GmbH to set up Bitcoin mining rigs in Backnang. This partnership isn't just about mining; it's a smart way to use energy. Plus, it's happening right around the 16th anniversary of Bitcoin's white paper.
In a notable development for the cryptocurrency market, BlackRock's iShares Bitcoin Trust (IBIT) has had its largest weekly netflows since March 2024, when Bitcoin reached all-time highs of about $74,000.
The collaboration with Bankhaus Metzler opens new prospects for green mining in Europe.
Bitcoin's movement held steady over the past hour, trading between $68,856 and $69,156 in a tight range. Bitcoin On the 1-hour chart, bitcoin is facing resistance at $69,444, with support near recent lows of $67,459. This range, paired with low volume, signals a period of consolidation.
Bitcoin has been relatively stable over the weekend and has been moving sideways. This outlook could change as quickly as tomorrow or November 5 due to the US presidential elections.
TL;DR Bitcoin's price is under pressure as whales increase their short positions, with the price slipping below $70,000 and raising concerns about potential downward pressure. The rise in leveraged positions has sparked concerns over Bitcoin's volatility, but it remains above the 200-day moving average (200MA) and exponential moving average (200EMA), showing some resilience.
Scammers pretended to be police and demanded BTC for missing court dates, while an attacker minted a huge number of SUN tokens and dumped them.
Deutsche Telekom's MMS and Bankhaus Metzler launched a pilot project to mine Bitcoin mining infrastructure using surplus renewable energy that would otherwise go unused.
Crypto markets are bracing for potential turbulence this week, ahead of the U.S. election and a key Fed meeting.
MMS, the subsidiary of the leading telecommunications firm in Europe, Deutsche Telekom, has partnered with Bankhaus Metzler to explore Bitcoin mining using surplus renewable energy. The pilot project, based in Germany, aims to use excess energy generated by renewable sources like solar and wind power.
Chainlink price on the weekly timeframe just broke below a crucial support level, risking a 45% crash. This decline follows the asset hitting a 50-month low against Bitcoin (BTC).
Deutsche Telekom's MMS and Bankhaus Metzler are piloting Bitcoin mining to tap surplus renewable energy and stabilize Germany's grid.
Bitcoin's price is climbing, and it's not just a lucky break. Michael Saylor, the brain behind MicroStrategy, says BTC is starting to be seen as “digital gold.” And that's a big deal. Wall Street is taking notice, with major firms like BlackRock stepping into the game. Throw in the U.S.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 4, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Europe's largest telecommunications provider plans to mine Bitcoin using surplus energy from renewable sources, which would otherwise remain unused.
Bitcoin maximalist Michael Saylor answers key questions including why Bitcoin price is skyrocketing, Wall Street going all-in crypto asset, regulatory paradigm shift, and MicroStrategy's position on the leading crypto. Saylor's MicroStrategy plans to raise $42 billion to buy more BTC over the next three years.
Bitcoin (CRYPTO: BTC) could reach $90,000 if Donald Trump secures the presidency, whereas a Kamala Harris win could see Bitcoin stabilizing at a $50,000 floor before any recovery, according to new analysis. These predictions come at a time when both candidates have notably addressed crypto policy, making this election pivotal for the industry.
This project aims to use extra energy that would usually go to waste to power Bitcoin mining. This helps the environment while generating digital currency.
BlackRock spent approximately $2.4 billion on Bitcoin last week. The giant's impressive crypto expenditures signalize shifting sentiment among institutional players and contribute to BTC's mainstream adoption.
German telecom giant Deutsche Telekom has partnered with Germany's oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options.
TRON founder Justin Sun recently disputed Coinbase CEO Brian Armstrong's claim that the exchange offers free asset listings. The post TRON Founder Says Coinbase Requested $80M in TRX and $250M in BTC for Token Listing appeared first on Cryptonews.
Crypto market liquidations surged over the weekend, as the price of bitcoin dropped over 4% from a high of over $71,000 on Friday.