On Monday, bitcoin hit a high note, climbing past the $70,000 threshold for the first time since late July, peaking at an intraday high of $70,218 per coin. Bitcoin Hits New Heights: The Market Shift Behind Today's $70K Push By 6:10 p.m. ET, bitcoin (BTC) had climbed 2.6% against the U.S.

Blackrock's significant stake in Microsoft could sway the tech giant's potential decision on adding bitcoin to its corporate reserves, signaling a shift in mainstream crypto adoption. Blackrock's Stake Fuels Speculation Over Microsoft's Bitcoin Future Speculation emerged last week around Microsoft's upcoming Dec. 10 shareholder meeting, following a U.S.

Bitcoin (BTC) is nearing the $68,000 level, while MANTRA (OM) has surged 12%, making it the day's top-performing asset. Today's price action reflects a cautious optimism among investors, bolstered by regulatory news and large institutional holdings of crypto assets.

A key Bitcoin metric that has frequently flagged a potential short-term rally for BTC in the past few weeks has fallen into bearish territory, indicating a shift in interest among investors towards the largest cryptocurrency asset.

An analyst has explained why it could be the time to get ready for a new Bitcoin bull run, based on the pattern developing in this on-chain metric. Bitcoin US To The Rest Reserve Ratio Has Seen A Reversal Recently In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the BTC US to The Rest Reserve Ratio.

Bitcoin Policy Institute (BPI), economist Matthew Ferranti has made a bold assertion: Bitcoin may be an ideal reserve asset for central banks, akin to gold. This comes at a time when many nations are reevaluating their reserve strategies due to increasing geopolitical tensions and financial instability.

Bitcoin reached $70,000 today for the first time in over four months. BTC's daily trading volume has also jumped by nearly 135% on Monday, according to CoinMarketCap data.

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The cryptocurrency has had a breakout year largely propelled by the Security and Exchange Commission's approval of spot bitcoin ETFs.

The Japan-based investment firm continues to stack BTC, staying true to its bold vision.

In a new YouTube video titled “There Is No ETF Paper Bitcoin,” Fred Krueger, an investor at the crypto hedge fund 2718.fund, delved into the growing concerns surrounding US spot Bitcoin Exchange-Traded Funds (ETFs) and their impact on the cryptocurrency's price. Krueger aimed to dispel the fear, uncertainty, and doubt (FUD) that have been circulating about “paper Bitcoin”—the notion that ETFs might be selling Bitcoin they do not actually possess—and to explain why Bitcoin's price has not surged as dramatically as some might expect, despite significant ETF purchases.

Bitcoin has recently shown a recovery back above the $68,000 mark. Here's who could be behind this rally, according to on-chain data.

Bitcoin has blown past $70,000 again after months of struggle. Will it hit a new all-time high ahead of the election?

Matthew Sigel, head of digital assets research at VanEck, has projected that Bitcoin could reach a value of $3 million by 2050. In his analysis, he predicted that Bitcoin would become a reserve asset, owned by central banks with a 2% share to strengthen the global economic system.

The firm's $10 million BTC buy signals its commitment to the cryptocurrency as its holdings now exceed 1,000 BTC.

Bitcoin has topped $70,000, its highest price since June after US-based ETFs surpassed total joint lifetime net inflows of over $22 billion.

October saw unexpected price dips for Bitcoin and altcoins. Analysts highlight market unpredictability amid economic and regulatory pressures.

VanEck's head of digital assets research, Matthew Sigel, connects Bitcoin's recent rise to election-driven shifts and increased money supply, noting a potential post-election catalyst for further gains. The post Matthew Sigel Predicts Bullish Setup for Bitcoin as U.S. Election Looms appeared first on Cryptonews.

The Defend American Jobs political action committee has spent more than $40 million on media buys supporting businessman Bernie Moreno's Senate run.

Bitcoin miners show optimism as MPI indicates a potential price rally, with Bitcoin nearing the $70,000 mark. The post Bitcoin miners accumulate as key indicator hints at price rally appeared first on Crypto Briefing.

Retail investors account for approximately 80% of the total assets in spot Bitcoin ETFs.

Howard Lutnick, the billionaire chief executive of Cantor Fitzgerald, hailed Donald Trump as the best choice for rich America. He underlined that one of the good sides of a former president is that he took care of the American worker and growth in America, but also him being a crypto advocate and wanting to implement

Cryptocurrency markets are trading higher as Donald Trump‘s election odds continue their rally. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $69,526.75 +2.6% Ethereum (CRYPTO: ETH) $2,506.32 +0.7% Solana (CRYPTO: SOL) $176.00 -0.4% Dogecoin (CRYPTO: DOGE) $0.1577 +11.6% Shiba Inu (CRYPTO: SHIB) $0.0000178 +4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 11.1% and daily active addresses falling by 11.6%.

Bitcoin's open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened.

Bitcoin (BTC) adoption is following a pattern similar to the videogame industry, with younger investors increasingly embracing the crypto while older generations gradually exit, according to VanEck's head of digital assets research, Matthew Sigel. Speaking on CNBC's “Squawk Box” on Oct.

The king coin's direction hinges on key economic data and trends.

Amid a tight matchup between bulls and bears, the crypto market has looked indecisive in recent months.

Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

Key Bitcoin (CRYPTO: BTC) indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin's trajectory. What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.

The cryptocurrency market experiences significant fluctuations, its total market cap has recently dropped to around $2.31 trillion, down from a high of $2.38 trillion earlier this month. This decline has led to notable corrections in the prices of major cryptocurrencies, particularly Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).

Former Ripple executive and crypto enthusiast Matt Hamilton has suggested that XRP may soon outpace Bitcoin as the leading cryptocurrency.

Emory University invested $15.8 million into Grayscale's Bitcoin Mini Trust. According to ETF analysts, every type of institutional investor eligible to buy a Bitcoin ETF has now done so.

Japanese firm Metaplanet has acquired an additional $10 million in Bitcoin (BTC), bringing its total holdings of the flagship crypto to over $1,000 as it continues with its October BTC shopping spree.

While Bitcoin has posted strong gains in 2024, the MSTR share price has far outperformed the cryptocurrency.

The largest stock exchange in Hong Kong has announced that it will launch a new crypto index to meet the increasing demand for digital assets. In a new announcement, Hong Kong Exchanges and Clearing Limited (HKEX) says it will launch its own “Virtual Asset Index Series” on November 15.

Tokyo-listed Metaplanet Inc. has announced a significant expansion of its Bitcoin (CRYPTO: BTC) holdings with an additional purchase valued at approximately $10.4 million, further establishing its presence in the digital asset market. What Happened: The recent acquisition, totaling 156.783 BTC at an average price of $66,575 per Bitcoin, brings Metaplanet's total Bitcoin holdings to over 1,018 BTC, currently valued at around $67.1 million.

Emory University, a private research institution based in Atlanta, Georgia, has recently made headlines by disclosing a $15.8 million investment in a spot Bitcoin exchange-traded fund (ETF).

While Bitcoin miners show record confidence today, growing third-party involvement threatens the network's future.

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The overall market is currently struggling and investors seem to hesitate while bidding on any cryptocurrency due to strong market volatility. Amid this, Japanese investment giant, Metaplanet has captured market attention with its latest strategy ahead of the United States presidential election. Metaplanet's 156.

The cryptocurrency market is regaining traction as Bitcoin surges past the crucial $69K level, with investors anticipating a potential $70K breakthrough. As Bitcoin rallies, certain altcoins are positioned for significant upward movement, potentially offering robust returns in the coming days.

A solo Bitcoin miner has hit the jackpot, securing a staggering $222,000 by successfully processing a block on the Bitcoin network. This remarkable feat shines a spotlight on the unpredictable and often exhilarating world of cryptocurrency mining, where individual miners can occasionally achieve what typically falls to large, powerful mining pools.

MicroStrategy's stock surge highlights the potential for significant gains in crypto-linked equities, reflecting broader market optimism. The post MicroStrategy stock hits new high as Bitcoin soars to $69,000 appeared first on Crypto Briefing.

Bitfinex report predicts the US election could drive Bitcoin price beyond $73,666 due to increased options activity and market volatility. The post Bitfinex says US election could push Bitcoin beyond its all-time high of $73,666 appeared first on Crypto Briefing.

Crypto funds saw $901 million in inflows this October, with Bitcoin leading, as the election climate drives a bullish case.

CryptoQuant analyst Maartunn has flagged a notable divergence between Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs, advising a cautious stance towards the latter. What Happened: Maartunn took to X to highlight the difference in netflows between Bitcoin and Ethereum ETFs.

A Bitcoin-focused nonprofit organization is outlining several reasons why central banks should adopt BTC as a reserve asset. In a new paper, the Bitcoin Policy Institute (BPI) says Bitcoin is an effective portfolio diversifier that can shield central banks against macroeconomic threats emerging across the globe.