The US Federal Reserve reduced its interest rate by 25 basis points on Thursday, in a decision did not exactly come as a surprise.

The correction has not lasted long, as almost all of the top 10 coins are in the green zone, according to CoinMarketCap.

Launched in January 2024, Bitcoin ETFs are close to a historic milestone. In less than 10 months after launch, Bitcoin ETFs are surpassing Gold-based trusts by aggregated market capitalization.

BlackRock has seen its biggest one day inflow yet at $1.120 billion disclosed on Thursday, though thought to have been purchased on Wednesday when bitcoin and stocks had outsized gains.

Cobie, who previously hosted a podcast of the same name, said the UPONLY tokens were theoretically worth $17 million when he burned them.

Bitcoin spot ETFs on Nov. 7 saw a historic surge in investment, with total net inflows reaching $1.38 billion, the highest single-day figure to date. What Happened: BlackRock's (NASDAQ:IBIT) ETF alone accounted for $1.12 billion of this total, marking a record-breaking day for digital asset ETFs, according to data from SoSo Value.

Crypto traders rejoiced as pro-Bitcoin candidate Donald Trump won the US Presidential election in 2024, leading to numerous potential changes throughout the industry.

Trump is not going to be a good thing for Bitcoin, he will continue the same malicious path of regulation that has been followed under Biden.

BlackRock's IBIT attracted a record-breaking $1.12 billion in daily net inflows on Thursday, buoyed by favorable market conditions, and pro-crypto sentiment from the U.S. election.

Cryptocurrency mining firm HIVE Digital has released its October production results, showcasing a 51% year-over-year growth in its Bitcoin portfolio value.

It was a historic week for all financial assets and BTC led the charge by charting a fresh all-time high.

While bitcoin catches its breath after its recent ascent past record highs, other digital assets are enjoying a Friday boost. Altcoins Surge Ahead as Bitcoin Takes a Breather: SOL, CRO, and Meme Coins Lead the Pack As of Nov. 8, the crypto market is coasting 2.09% higher than yesterday, totaling $2.57 trillion.

Upbit lists the DRIFT token, allowing traders to trade it against KRW, BTC, and USDT, boosting options and visibility for Drift ecosystem.

The crypto industry has displayed promising momentum, with a rise of 1.68% in the market capitalization, which has taken the numbers to $2.57 trillion. However, the intraday trading volume has shrunk down significantly by 29.11% to $132.15 billion.

Alongside Bitcoin, major altcoins also recorded gains following the Fed's decision.

Trump's election win sparked a surge in searches, indicating increased retail investor interest in the digital asset.

Bitcoin's upward trajectory continues to capture the attention of investors and analysts alike. Despite already achieving record highs, the digital asset could be poised for even greater gains in the coming months.

The rally just kept rolling along.

BlackRock's iShares Bitcoin Trust (IBIT) has set a new benchmark with over $1.1 billion in net inflows recorded on Thursday, marking the highest single-day inflows for the fund.

Solana has jumped by 9% in the past 24 hours, rallying to $204.27 as the cryptocurrency market continues its bullish response to Donald Trump's election victory. The post Solana Open Interest at Record High – Is a $250 Breakout Imminent? appeared first on Cryptonews.

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 8, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation.

As Donald Trump reclaims the White House, experts comment on the potential impact of his US presidential election victory on the crypto industry, its future, and market, as well as regulations, taxes, and mining, among other sectors. The post Will Trump's Win Push Bitcoin to $100K? Experts Weigh In appeared first on Cryptonews.

The crypto markets have risen above a minor consolidation as the Bitcoin price is heading back towards the ATH at $76,400. The traders have become more optimistic over the SOL price rally as the token remains within the top 5 dominant tokens in the market.

According to a shareholders' letter from the Jack Dorsey-led payment company Block, from November 7, the company will venture more into Bitcoin mining and the Block self-custody wallet, Bitkey. The company will abandon its Web5 internet project, TBD, and reduce investment in its music streaming project, Tidal, to get more funding for the Bitcoin mining project.

Yields on U.S. sovereign debt declined Thursday after the Federal Reserve eased monetary policy by slashing interest rates by 0.25 percentage points. What happened: The benchmark 10-year Treasury yield dropped by 0.8 basis points to 4.335%, while the yield on 2-year government bonds slid 2 basis points to 4.197%.

A leak has revealed the world's largest asset manager BlackRock is in discussions to buy a stake in the "king" of spot bitcoin exchange-traded fund (ETF) holders

The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.

TL;DR Bitcoin exchange-traded funds (ETFs) recorded $1.38 billion in net inflows on November 7, 2024, reflecting heightened investor confidence and optimism. BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $1.1 billion, making it one of the most traded assets, driven by Bitcoin reaching a new all-time high of $76,500.

Senator Cynthia Lummis has reaffirmed her call for a groundbreaking economic initiative: the establishment of a national Bitcoin reserve. This ambitious proposal seeks to use Bitcoin as a strategic tool to stabilize the U.S. economy and tackle the nation's escalating national debt.

Solana has broken through the $200 threshold for the first time in seven months of trading. The token's price saw a 8.69% rise as the crypto market rallies after the US election.

With Trump's crypto allegiance and his new status as President-Elect of the U.S., talks of establishing a strategic bitcoin reserve have surged. While this can be achieved in several ways, Trump's cryptocurrency aide and CEO of BTC.Inc., David Bailey, has suggested expediting this task, fearing a possible frontrunning movement from third parties.

On-chain data shows the Bitcoin retail volume has sharply increased recently as the cryptocurrency has surged to a new high. Bitcoin Retail Volume Is Up More Than 15% Over Last 30 Days As explained by CryptoQuant author Axel Adler Jr in a new post on X, the demand from retail investors has gone up recently.

This is a major step in making Bitcoin (BTC) more accessible to people who use the Solana blockchain. For the first time, Coinbase has issued a token on Solana, and it's called cbBTC.

Bitcoin price came within touching distance of $77k on Thursday, and the current market momentum and sentiment signal extended gains.

TL;DR Eclipse, the first hybrid Ethereum-Solana layer-2 network, has launched its mainnet, combining the speed and low transaction costs of Solana with the decentralization and liquidity of Ethereum. The network offers 60 decentralized applications (DApps) across various sectors, including DeFi, consumer apps, and gaming, attracting users and developers from both ecosystems.

Spot Bitcoin ETF recorded a new all-time high of over $1.37 billion in net inflows a day after Trump's victory.

Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

Binance, one of the world's largest cryptocurrency exchanges, is growing stronger. Recent data shows that its reserve percentage has reached an all-time high of 25%. This means Binance now holds a large share of all crypto reserves across exchanges, only behind Coinbase, which has around 33%.

Solana breaks $200 for the first time since April 1, thanks to Donald Trump securing U.S. Presidential election.

Solana (SOL) price, a Layer 1 blockchain, has recently demonstrated significant upward momentum in the cryptocurrency market. Since the beginning of November, SOL's price has surged by 21%, breaking a five-month high amid strengthening bullish sentiment.

This week is ending on a very high note with a series of favorable news in the crypto market, sparking waves of optimism in the market. Bitcoin ETFs saw a record $1.38 billion in net inflows on Thursday, a day after Trump won the US Presidency and Bitcoin is also continually breaking its highs.

Should you take advantage of Bitcoin's recent surge? Check out why you should consider buying some at record-high coin prices.

Trump's win puts the world on notice to embrace Bitcoin or get left behind!

Bitcoin bulls are fighting the bearish pressure as the levels are approaching back to $76,000, eyeing to form a new ATH above $76,500. The volume remains restrictive within the range, which has weakened the bulls to a certain extent.

U.S. Federal Reserve prepares to tells its decision on whether to cut interest rates, many are wondering what the move will mean for Bitcoin and the broader cryptocurrency market. While rate cuts are traditionally seen as a boost to risky assets, like stocks and digital currencies, opinions among experts differ on whether Bitcoin will truly benefit.

They predict at least another eight weeks of growth, and perhaps even a continuation in 2025.