Reddit has revealed that it has sold off the majority of its cryptocurrency portfolio. This information emerged from a recent filing with the U.S. Securities and Exchange Commission (SEC), where the social media platform disclosed that it has divested most of its Bitcoin and Ethereum assets.

Defunct crypto exchange Mt. Gox reportedly moved 500 Bitcoin (BTC) worth $35 million to cold storage wallets.

November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting from $73,000 on October 31 to $69,000 on November 1 to essentially wipe out $296 million in liquidations, with the majority of them being long positions.

The M2 money supply is an economic measure of the total amount of a sovereign nation's fiat currency currently circulating worldwide.

Bitcoin (BTC) has opened November surpassing the $70,000 psychological resistance after holding a few days above this level. As this new month starts, Finbold looked at Bitcoin's historical returns to provide a BTC price projection for November 30.

History around the US presidential elections suggests so.

The U.S. Bitcoin spot exchange-traded funds have recorded a daily outflow of $54.94 million as of Nov. 1, and Ethereum follows suit with a $10.93 million outflow. The latest data from SoSoValue shows that the U.S.

Bloomberg analyst Eric Balchunas has weighed in on the ongoing debate surrounding Bitcoin's lackluster price performance despite large inflows into Bitcoin ETFs. Balchunas argues that these ETFs are having a positive impact on Bitcoin's value, even though the price has not soared as many expected.

Following September's slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase. Bitcoin Mining's October Comeback On Oct. 31, one petahash per second (PH/s) of computing power was valued at $54.52 per PH/s, the highest hashprice in 30 days.

Renowned investor Robert Kiyosaki, author of the popular personal finance book Rich Dad Poor Dad, has consistently expressed a preference for certain assets, notably gold, silver, and Bitcoin. While Kiyosaki often emphasizes Bitcoin, he also invests in Solana, wagyu cattle, and real estate.

Stablecoin liquidity and ETFs' demand are among the biggest demand drivers for Bitcoin.

Australian computer scientist and self-proclaimed Bitcoin inventor Craig Wright is facing a contempt of court case over his lawsuit against BTC Core developers and Jack Dorsey's Square. UK Judge James Mellor put Wright's lawsuit on hold until the application is resolved on December 18.

With Bitcoin's bull cycle approaching, four DEX coins are set for potential gains in DeFi. But one emerges as the most promising, combining Solana-backed speed, community-driven features, and strong presale performance.

Bitcoin, the first and largest cryptocurrency by market capitalization, attempted to reach $70,000 during today's trading session, but bulls have yet to succeed. BTC barely reached an intraday high of $69,891 in early Saturday trade.

Bitcoin has dropped 5% since it hit a local top of $73,620 on October 29. While BTC was inches away from its ATH of $73,949, it began its correction and now sits above a key support structure ahead of US elections.

The price of Bitcoin recorded significant leaps in the past month rising by 14.74% according to data from CoinMarketCap. During this price rally, the premier cryptocurrency came close to establishing a new market all-time high, reaching a local peak of $73,149 on October 29.

Bitcoin's (BTC) recent price action has raised red flags for investors as it briefly surpassed the critical $70,000 resistance level, only to retreat shortly after.

Bitcoin's price has been consistently making higher highs and lows over the past couple of months, approaching a new all-time high. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price has been rallying since its rebound from the $52K support level.

On Friday, Strive Asset Management, a firm co-founded by investor and presidential advisor Vivek Ramaswamy, announced the launch of a new wealth management division. The initiative aims to provide “true financial freedom” for clients by integrating Bitcoin into investment portfolios as a hedge against long-term economic risks.

MicroStrategy, the largest publicly traded Bitcoin holder, recently moved 1,652 BTC—valued at around $114.38 million—to a new wallet. This move comes after its Q3 2024 earnings, raising speculation within the crypto community.

The crypto market is holding its breath as the latest polls show a significant decline in Donald Trump's chances of winning the American presidential election. This development directly influences the prices of Bitcoin and the main altcoins, which are pausing in their recent ascent.

Some of America's top crypto companies announced huge layoffs this week, a signal that there may be trouble ahead for the industry beyond the looming presidential election.

According to recent on-chain data, corporate Bitcoin holder MicroStrategy moved 1,652 Bitcoin, worth about $114.38 million, to a new wallet. This transfer, reported by Lookonchain, occurred hours ago and has garnered significant attention from the crypto community.

MicroStrategy's Michael Saylor reveals the company's “exclusive relationship” with the world's largest crypto asset by market cap.

From Oct. 1 to Oct. 31, 2024, a total of 1,970.401 BTC was spent from vintage wallets originally created between 2010 and 2017, according to the latest metrics. Dormant Bitcoin Wallets Show Restraint In September, long-quiet bitcoin wallets suddenly woke up, releasing 4,066.81 BTC back into the crypto stream.

Bitcoin is showing resilience, holding firm above the $69,000 mark after a slight pullback from recent local highs at $73,600. Following weeks of bullish momentum and nearing its all-time high, BTC has settled just below the critical $73,794 resistance, a key level that, if surpassed, would push the cryptocurrency into price discovery mode.

MicroStrategy moved 1.652K Bitcoin to an anonymous wallet in the past day. The firm recently unveiled its BTC Treasury plans along with its Q3 report.

MicroStrategy's (MSTR) Bitcoin (BTC) play garners attention as Canaccord recently dubbed its ‘intelligent leverage strategy' ideal for investors to gain exposure to BTC.

According to Ki Young Ju, the founder and CEO of on-chain analytics provider CryptoQuant, Bitcoin liquidity data hints possible all-time-high for the BTC price.

Arthur Hayes, a leading figure in the crypto world, has made a surprising choice: he now favors Solana, relegating Bitcoin to the background. What is behind this strategic turnaround as the American elections approach?

Bitcoin fell over 6.5% to around $69,200 on Nov. 1, following a recent peak of $73,600. The drop coincides with Trump's narrowing lead over Kamala Harris in prediction markets like PredictIt, Polymarket, and Kalshi. With this sudden drop, the market is buzzing with thoughts of a further BTC drop towards $65K.

Bitcoin recently broke through the $70,000 barrier, veteran trader Peter Brandt is making headlines with his bullish outlook for the leading cryptocurrency. According to Brandt, Bitcoin's price surge signals the beginning of what could be its most explosive phase in the market cycle.

Anthony Scaramucci, founder of SkyBridge Capital, believes the recent Bitcoin sell-off lacks a rational basis and stems from some investors viewing Bitcoin as a "risk-on" asset.

Bitcoin whales have reduced their holdings since the beginning of 2024. Will this trigger another price correction?

Bitcoin jumped 14% in October, fueled by the hope of Trump's potential return to office as a pro-crypto leader. But while Bitcoin climbed, Bitcoin Spot ETFs took a surprising hit on November 1, with $54.9 million in outflows breaking a streak of steady inflows.

BTC trading volume surges to a six-month high, signaling renewed bullish interest. Will Bitcoin continue to rise, or is a shift in sentiment ahead? The post Bitcoin Traders Hit Six-Month High as Bullish Signals Emerge – Are New Gains on the Horizon? appeared first on Cryptonews.

With Bitcoin (BTC) failing to hold above the $70,000 mark, market attention remains on whether the flagship cryptocurrency can reach the highly anticipated $100,000 all-time high.

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A cold wallet linked to Mt. Gox, the exchange that faced bankruptcy after a 2014 hack, just moved 500 BTC, worth around $35 million.

Quinten François, co-founder of WeRate, recently discussed the expectations for Bitcoin in the current market cycle. For example, he thinks this cycle will be different because many believe returns will be lower than before. Last time, we saw a big increase, going from around $3,000 in the bear market to over $60,000.

Cryptocurrencies are extremely volatile, and this election could have an impact on them for the next four years.

Bitcoin's rally slows down near the weekend, top altcoins record double digit gains.

Matt Hougan, Chief Investment Officer at Bitwise Asset Management, emphasizes that the cryptocurrency's potential rise to $200,000 is not reliant on the downfall of the US dollar. Instead, he argues that institutional adoption is the crucial factor driving Bitcoin's value growth.

The Central Bank of Argentina (BCRA) has unveiled a unique art exhibition at its Héctor Carlos Janson Historical and Numismatic Museum with Bitcoin in the spotlight.

Bitcoin struggles to sustain gains, dropping below $70K. Whale activity sparks concern, but accumulation trends suggest potential bullish recovery.

A widely followed analyst and trader is leaning bullish on a memecoin built in the Solana (SOL) ecosystem while offering his insights on two other crypto assets. The analyst pseudonymously known as Sherpa tells his 228,800 followers on the social media platform X that he is “still highly bullish” on Goatseus Maximus (GOAT).

In a recently published tweet founder and currently the executive chairman of MicroStrategy Michael Saylor revealed the key elements of the successful strategy that has helped the company to see a mammoth growth both in market cap and in share price in the past four years.