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.

Recent violent attacks on crypto event attendees raise safety concerns, with a project co-founder recently robbed at knifepoint in Bangkok.

Digital asset investment funds recorded massive inflows, with altcoins like Ethereum (ETH) and Solana (SOL) gaining ground. Institutional flows have picked upwards due to macro factors shaped by the upcoming U.S. Presidential elections.

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.

Despite the BTC price struggling at the $68,000 level and the broader market chaos due to the US market elections, Dogecoin ranks as a top performer. With a bullish recovery rally leading to two consecutive bullish candles, the meme coin prepares for a massive rally.

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.

Crypto analyst Miles Deutscher believes that memecoins could be the standout performers, regardless of the U.S. election outcome. Deutscher suggests that the unique risk-reward ratio in the memecoin sector makes it a lucrative bet, especially in uncertain political climates.

Gemini has ramped up altcoin accumulation lately.

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.

XRP price lies near a crucial level as the U.S elections polling day on November 5th approaches Investors and analysts are keenly observing the potential impact of this significant political event on the crypto market, particularly XRP (XRP). XRP Price Ahead of U.S Election Day The price of XRP has increased by 0.1% in the

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

The cryptocurrency market enters a transformative phase, one asset that has captured significant attention is XRP. Despite a prevailing bullish sentiment across many digital currencies, XRP has struggled to make substantial gains.

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?

On Monday, Bitcoin exchange-traded funds logged $580 million worth of outflows. These are the largest single-day outflows to date, according to data provided by Bianco Research.

Cartwright, an independent business and specialist pension scheme advisor, urges UK institutional investors to embrace Bitcoin following the nation's first allocation to a defined benefit (DB) scheme. Cartwright's New Allocation Strategy In its announcement, Cartwright, specializing in defined benefit and hybrid pension schemes, emphasized the significance of incorporating Bitcoin into retirement plans.

The Nasdaq-traded healthcare tech firm announced its new bitcoin purchases alongside the release of its third-quarter earnings report.

The State of Michigan Retirement System (SMRS) has set a new precedent as the first US state pension fund to invest in an Ethereum ETF.

Michigan State acquired shares from two Ethereum ETFs offered by Grayscale to become the first recorded State Pension Fund Ethereum ETFs purchase. The State of Michigan became a top five holder of Grayscale's spot Ethereum according to a US Securities and Exchange Commission (SEC) filing.

As we approach the final quarter of 2024, the outlook for Bitcoin's price is filled with mixed predictions. However, there are some key factors that could drive Bitcoin's movement in the coming months, and experts are weighing in on what might happen. Short-Term Impact of the U.S.

In a first for the UK, a British pension fund has added Bitcoin to its balance sheet, allocating 3% of its portfolio to the cryptocurrency. Cartwright, the pension advisory firm behind this one-of-a-kind move, announced on Monday that it had advised the fund to make this strategic investment.

The legal conflict between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has reached a critical juncture, particularly with the imposition of a $125 million fine. This penalty arises from the court's determination that specific sales of XRP were executed as unregistered securities offerings.

A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges.

A cold wallet (12Gws) associated with the now-collapsed crypto exchange Mt. Gox transferred 32,371 Bitcoin to an unknown wallet address starting with 1FG2Cv.

After notching a three-month high last week, Bitcoin volatility has flattened out as traders await the outcome of the US election with bated breath.

Solana trimmed gains and traded below the $172 support zone. SOL price is consolidating and might struggle to recover above the $165 resistance.

The cryptocurrency market has recently endured a substantial correction, with rising uncertainties surrounding the upcoming U.S. Presidential elections. Among the many tokens affected, Ripple's XRP has been under significant pressure, fluctuating close to critical support levels.

According to data provided by cryptocurrency analytics firm Spot On Chain, wallets associated with the now-defunct Mt. Gox cryptocurrency exchange transferred more than $2 billion worth of Bitcoin to three new addresses earlier this Tuesday.

Bitcoin's latest dip has raised several question for holders.

The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history.

The significant outflow from Bitcoin ETFs signals potential market instability and heightened volatility amid upcoming political and economic events. The post Bitcoin ETFs bleed $541 million, second-largest single-day outflow since launch appeared first on Crypto Briefing.

As the cryptocurrency market continues to send mixed signals, the possibility of new Exchange-Traded Funds (ETFs) for assets like Solana and XRP has investors excited. However, these developments are facing challenges due to regulatory issues with the U.S. Securities and Exchange Commission (SEC), especially under the leadership of Gary Gensler.

Bitcoin (BTC), the world's largest cryptocurrency by market cap, has fallen below the $68,000 level as defunct Mt. Gox moves billions worth of BTC. On November 5, 2024, the Whales transaction tracker made a post on X (Previously Twitter) that Mt. Gox had moved a substantial 32,371 BTC worth $2.19 billion, from its cold wallet.

Two years post-FTX, exchanges prioritize asset transparency but Coinbase remains the only major without a public Proof-of-Reserves report.

After repaying more than $6 billion worth of Bitcoin (BTC) to distressed creditors since June, Mt.Gox is preparing to make another fund distribution. According to on-chain data analysis provided by Arkham Intelligence, the defunct cryptocurrency exchange made the largest transfer of Bitcoins from its associated wallet earlier today. Mt.Gox sent 32.

Bitcoin, often influenced by long-term holders' (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark.