Right now, the Bitcoin market stands at $68,697.16. A recent post by crypto expert Captain Faibik on X reveals that the market recently broke above a descending wedge pattern on the weekly chart and is currently retesting the breakout. Let's see what insights we can grab from this.

Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt.

Cartwright, the renowned pensions advisor announced that it guided an unnamed retirement benefits scheme in integrating Bitcoin (BTC) in its investment portfolio.

In a move that has sparked interest in the crypto community, 1,600 BTC, worth over $108,860,042, was transferred from an unknown wallet to an unidentified new wallet. This transaction was reported by Whale Alert, a popular blockchain tracking service that monitors large-scale cryptocurrency moves.

Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.

As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.

Key metrics suggested that BTC might soon begin its journey toward $120k.

DOGE's price surge came after the latest Musk interaction.

Bitcoin is priced at $68,344, down 1.09%, with trading volume up 24.89%. U.S. 2024 election impacts market sentiment and ETF flows.

Mt. Gox transferred $2.2 billion worth of Bitcoin to new wallets on November 5, 2024, causing market volatility and a price drop below $68,000

The US spot Bitcoin ETFs registered a notable net cash outflow on Monday after recording more than $2.2 billion in cash inflows last week.

US Bitcoin ETFs experienced their second-largest daily outflow of $541.1 million on November 4, 2024, as investors adjusted positions ahead of the presidential election

Bitcoin ETFs experienced a massive outflow on November 4, as $541 million was withdrawn, marking the second-largest single-day outflow in their history. This came amid growing uncertainty in the market due to the upcoming U.S. election.

Deutsche Telekom subsidiary partners with German bank to launch Bitcoin mining operation powered by surplus solar energy at RIVA Engineering facility.

Bernstein analysts predict different short-term Bitcoin price trajectories based on the U.S. presidential election outcome while maintaining a $200,000 target for 2025

Semler Scientific, Inc. (Nasdaq: SMLR), a developer of technology products for healthcare providers, appears to be following MicroStrategy's Bitcoin accumulation playbook, reporting continued BTC purchases alongside its third-quarter 2024 results. According to the firm's press release, it added 47 bitcoins since late August, bringing its total holdings to 1,058 BTC purchased for $71.0 million.

Bitcoin has once again slipped below the key $70,000 threshold, leaving many investors wondering whether this is a temporary setback or a signal of a more prolonged downward trend. The world's largest cryptocurrency was trading at $68,581 at the time of writing, showing a modest 0.3% increase in the past 24 hours.

A UK pension fund has become the first in the country to allocate 3% of its £50 million portfolio directly to Bitcoin, with the private key split among five institutions and Cartwright simultaneously launching a Bitcoin Employee Benefits scheme.

A recently emerged Bitcoin (BTC) price prediction has the crypto community worried as it points to a "shooting star" candle on Bitcoin's weekly chart, which could signal a bearish sentiment. The analysis shows that this candle has a big upper wick, which could mean that Bitcoin is about to reverse direction as it trades around its historical high.

Post-election price volatility could set the stage for Bitcoin's rally to a new record high above $73,800.

On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC).

Bitcoin is back above $68.5k and takes a bullish stand today after a 6-day crash. The increased uncertainty in the market mainly fueled the downfall due to the US elections in 2024.

Deutsche Telekom's tech arm, MMS, has partnered with Bankhaus Metzler, a traditional banking company, to introduce a novel Bitcoin mining project using excess renewable energy in Germany.

Bitcoin (BTC) investors are bracing for potential market fluctuations that could be more intense than usual. With Bitcoin currently trading at approximately $68,815, a slight rise of 0.63% in the past 24 hours, the crypto community is on high alert, anticipating volatility that may surpass typical rates.

MicroStrategy Inc. (NASDAQ:MSTR), a stock considered an alternative to Bitcoin (CRYPTO: BTC) investment, received a bullish signal from moving average (MA) technical indicators. What happened: According to the financial market analytics platform TradingView, nearly all of the simple and exponential MAs flashed a “Buy” rating for the stock, culminating in a net “Strong Buy” signal.

A UK pension fund has become the first in the country to add Bitcoin (BTC) to its portfolio.

Bitcoin ETFs see record net outflows of $541 million, the largest since May 2024.

Galaxy Digital CEO Mike Novogratz is outlining how he thinks Bitcoin (BTC) will move after the United States votes for a new president. In a new interview on the Unchained YouTube channel, Novogratz says that Bitcoin will spark a new bull market regardless of who wins the US presidential race.

As the cryptocurrency market continues to buzz with anticipation, ChatGPT has become the latest tool for investors seeking to forecast Bitcoin price. With its real-time information features and AI-driven analysis capabilities, the tool by OpenAI has emerged as a key player in the crypto price prediction space.

BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.

The crypto markets are consolidating ahead of the U.S. elections as the spectaculars see Donald Trump as the next President, which is expected to induce a strong bullish momentum. Meanwhile, another set of people still believe Bitcoin doesn't care who wins, as the markets have become largely dependent on the institutions.

Bitcoin ETFs in the United States just faced their largest-ever single-day outflow, with $580 million exiting these funds on Monday—surpassing previous outflow highs seen earlier this year in May. Investors are trimming Bitcoin positions in anticipation of the U.S. presidential election, a likely catalyst behind the spike in outflows and an overall bearish market sentiment.

Bitcoin dips under $70,000 amid U.S. election uncertainty. Could a Trump win fuel BTC's rally? Insights on technical levels and market trends. The post Bitcoin Price Dips Under $70,000 as Kamala Harris Gains Ground – Will a Harris Win Trigger a Crash? appeared first on Cryptonews.

A seasoned market analyst has recently provided insights into Bitcoin's latest bearish phase, asserting that the recent price correction is both “healthy and reasonable.” This analysis comes amid heightened speculation regarding Bitcoin's trajectory, especially as the U.S. presidential election approaches.

The United Kingdom pension specialist has advised that Bitcoin be included in a pension fund as a first for the country.

BTC price strength will be back with a vengeance early in 2025, analysis predicts, but the US Presidential Election will bug Bitcoin bulls until Inauguration Day.

As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. BTC Faces Key Support Levels Bitcoin has struggled to surpass its all-time high of $73,700, a level achieved in March following the approval of exchange-traded funds (ETFs) that invest in the cryptocurrency.

Medical device maker Semler Scientific says it remains “laser focused” on acquiring and holding more Bitcoin after its crypto reserves surpassed 1,050 BTC.

October was a big month for Bitcoin mining giants Marathon Digital and Riot Platforms, who reported their highest monthly Bitcoin production since the April halving.

Spot Bitcoin exchange-traded funds in the U.S. recorded their second-highest net outflows on Monday, Nov. 4. According to data provided by Farside Investors, the U.S.-based spot Bitcoin (BTC) ETFs saw a net outflow of $541.1 million yesterday.

Key Points:

Bitcoin ETFs in the United States witnessed substantial outflows ahead of a highly anticipated presidential election, marking their second-largest outflow day on record. The post US Bitcoin ETFs See $541M in Outflows Amid Election Uncertainty, Second-Largest to Date appeared first on Cryptonews.

Bitcoin prices may swing wildly depending on whether Donald Trump or Kamala Harris comes out on top in today's presidential election.

The outflows of over $540 million on Monday marked the bitcoin ETFs' second-largest daily net outflows since debut.

The defunct crypto exchange has transferred its largest Bitcoin batch in months, a week after extending its repayment timeline.

"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME.

What was the main investor strategy during the last full trading day before the US presidential elections?