TL;DR Bitcoin mining difficulty surpassed 100T, reaching an all-time high of 101.65T. Bitcoin hashrate also set a record of 755 EH/s on a weekly average. Small miners face increased pressure from rising costs and competition. Bitcoin mining difficulty has hit an all-time high of 101.

BTC price volatility makes a snap entrance as US Presidential Election voting begins — and Bitcoin analysts have a sense of deja vu.

Bitcoin's price rose 3% to $70,200, influenced by excitement surrounding the US presidential election.

Semler Scientific intensifies Bitcoin acquisition strategy, holding 1,058 BTC to enhance stakeholder value amid Bitcoin's recent price surge.

Longtime crypto bull Anthony Pompliano believes that the flagship digital asset Bitcoin (BTC) is gold on steroids.

Bitcoin's price has slipped 2% just ahead of the highly anticipated 2024 U.S. presidential election, trading around $67,848 as of early Tuesday. This dip is largely attributed to whale sell offs and cash outflows from U.S. spot Bitcoin ETFs, marking a temporary setback for the leading cryptocurrency.

The cryptocurrency market edged up slightly today, showing a 0.26% increase in global market cap to $2.25 trillion, while 24-hour trading volumes grew by 13.52% to $79.83 billion. With the U.S. election drawing near, crypto investors have turned their eyes to the Trump-Harris race, influencing market sentiment and stoking volatility.

The Bitcoin mining difficulty has jumped to an all time high. It has peaked at 101.65 trillion and it is putting bitcoin miners in a very tight spot. Especially the private miners are feeling intense pressure. They have to battle against the soaring costs and stiff competition.

The company needs financing conditions to remain agreeable, and there needs to be continued investor demand for the firm's convertible debt, the report said.

Michael Saylor, cofounder and former CEO of business software company MicroStrategy, has taken to his official account on the X social media platform (formerly known as Twitter) to share yet another Bitcoin-themed message with his army of followers.

Bitcoin open interest has seen a notable decline as market volatility rises, especially with the U.S. election approaching.

Such FUD-induced trends often mark reversal points, with past patterns showing resilience following similar market uncertainty.

Bitcoin's mining difficulty hit a new record of 101.65 trillion on November 5, reflecting heightened miner activity and a 40% increase in mining difficulty for 2024.

The latest market analysis suggests that if Bitcoin's MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025.

The Bitcoin continues to see a lot of noise over the last few sessions, as the market will continue to look at the inflation battle, and the fact that the US elections, as well as the Fed interest rate decision, as on tap this week.

Here is a 2-minute breakdown of everything important that happened in crypto today.

The UK pension scheme allocates 3% to Bitcoin, signaling growing institutional adoption of crypto.

This milestone intensifies the challenge for miners, as escalating difficulty drives up operational costs and pressures profit margins.

Bitcoin‘s (CRYPTO: BTC) price direction may shift significantly based on whether Donald Trump or Kamala Harris win the 2024 presidential election. Experts told Benzinga that the race appears to be split evenly and that market sentiment has already factored in a possible Trump victory, which could see Bitcoin experience a significant rally.

Medical tech company Semler Scientific intends to purchase more Bitcoin, according to Chairman Eric Selmer.

Bitcoin steady at $68K as Fundstrat's Tom Lee forecasts a market rally post-U.S. election. Will BTC's upward momentum hold? Learn more. The post Bitcoin Price Set to Surge as Fundstrat's Tom Lee Predicts Market Rally No Matter Who Wins US Elections appeared first on Cryptonews.

Other key indicators suggest that Bitcoin's long-term floor price is above $40,000.

Today marks a significant moment with the U.S. elections taking place, and it's a day that many have been anticipating. Over the next few days, more clarity is expected on the market direction, particularly in how the election results will impact both the stock and crypto markets.

The final boss is going to work with polls now open in America as the rest of the world watches what century they choose.

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Uncertainty over who will lead the U.S. has led to near record outflows from Bitcoin ETFs.

The positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of over 750 EH/s last week.

Bitcoin's price once again failed to reach a new all-time high last week. However, the bull market might be far from over.

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs.

Traders expect a 3.5% swing in bitcoin prices on U.S. election night, though analysts warn of post-election volatility if results face delays.

On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a hefty $541.07 million. Bitcoin ETF Outflows Hit $541 Million on Monday, Ethereum Funds Follow in the Red The 12 spot bitcoin ETFs faced a rough trading day, shedding a hefty $541.07 million in total outflows.

TL;DR Bitcoin miners Marathon Digital and Riot Platforms reported their highest monthly Bitcoin production since April 2024 halving, with Marathon producing 717 BTC worth $48.8 million and Riot mining 505 BTC worth $34.4 million.

After skyrocketing above $72,000 earlier last week, the Bitcoin price has experienced an unexpected crash below the $70,000 mark ahead of the US Presidential elections. Reports have cited the influence of whales and the upcoming results of the US Presidential elections as catalysts to this price decline.

Analysts projecting a $50K - $90K BTC target in the short-term based on U.S. elections winner.

Amid the heightened hype of the U.S. 2024 elections, which has seen pro-crypto presidential candidate Donald Trump lead in major polls, Bitcoin's (BTC) price has signaled short-term bearish sentiment. The flagship coin has dropped over 4 percent in the past seven days to trade above a crucial support level of about $68.

Defunct cryptocurrency exchange Mt. Gox transferred approximately 32,371 BTC, valued at around $2.19 billion, to unmarked wallet addresses on Monday evening.

Bitcoin's mining difficulty has reached a historic 101.65 trillion (T), posing significant challenges for small-scale miners. The latest increase in difficulty reflects a surge in computational power required to mine new Bitcoin blocks, intensifying competition across the industry.

Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1 million by 2030, driven by the rise of U.S. public debt and the devaluation of the U.S. dollar.

TL;DR Bitcoin ETFs in the U.S. saw substantial outflows of $541.1 million on November 4, 2024, marking the second-largest single-day outflow on record, just before the U.S. presidential election. The significant outflows reflect market caution as Bitcoin's price dipped to $68,000, with traders concerned about election-driven volatility and political dynamics.

Right now, as the US election unfolds, it's creating volatility for Bitcoin. Recent events show that the Bitcoin ETFs had one of their worst days in history, with a $541 million outflow just yesterday. This outflow created sell pressure, which caused a short-term dip in Bitcoin's price.

Bitcoin has been making waves in the crypto market lately, with its volatility soaring to levels not seen in three months. As the U.S. election looms, market observers are questioning what's behind this spike and whether it signals a rise in Bitcoin's price—or if the volatility could lead to sharp price drops.

U.S.-listed spot Bitcoin ETFs witness their second-largest single-day net outflows since trading began in January.

Microsoft is under the magnifying glass of its shareholders, who will soon vote on whether to invest in bitcoin.

Bitcoin's maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin's evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.

Traders are braced for the Fed and China to feed into a "perfect storm" for the bitcoin price in the fourth quarter

A company called Cartwright, which specializes in helping pension plans make smart financial choices, helped make this big decision. In October, an unnamed pension fund chose to put 3% of its money into Bitcoin.

Although the Bitcoin options market is experiencing low volatility, analysts expect the volatility structure to change before the end of the week.