Today marks a significant moment with the U.S. elections taking place, and it's a day that many have been anticipating. Over the next few days, more clarity is expected on the market direction, particularly in how the election results will impact both the stock and crypto markets.
The final boss is going to work with polls now open in America as the rest of the world watches what century they choose.
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Uncertainty over who will lead the U.S. has led to near record outflows from Bitcoin ETFs.
The positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of over 750 EH/s last week.
The majority of the coins remain under sellers' pressure, according to CoinMarketCap.
Bitcoin's price once again failed to reach a new all-time high last week. However, the bull market might be far from over.
Cryptocurrency analyst and trader Ali Martinez, known on the X platform under the name @ali_charts, has published a tweet to show that the original meme cryptocurrency, DOGE, loved by many traders, is facing a potential correction ahead.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs.
The Tron blockchain network has reached another significant milestone as its transaction volume increased for the eighth consecutive month in October. According to the latest data, the platform recorded an average of 238.6 million transactions in October, marking an 8.15% jump from September.
Traders expect a 3.5% swing in bitcoin prices on U.S. election night, though analysts warn of post-election volatility if results face delays.
On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a hefty $541.07 million. Bitcoin ETF Outflows Hit $541 Million on Monday, Ethereum Funds Follow in the Red The 12 spot bitcoin ETFs faced a rough trading day, shedding a hefty $541.07 million in total outflows.
Over the past 24 hours, Dogecoin (DOGE) has seen a huge increase in on-chain activity, which suggests that the major players on the market are feeling bullish about the big meme coin.
Bitcoin (BTC) shows strength and remarkable recovery after a panic selling on Monday that dropped the price by $2,000. The brief panic surged following Mt.
TL;DR Bitcoin miners Marathon Digital and Riot Platforms reported their highest monthly Bitcoin production since April 2024 halving, with Marathon producing 717 BTC worth $48.8 million and Riot mining 505 BTC worth $34.4 million.
After skyrocketing above $72,000 earlier last week, the Bitcoin price has experienced an unexpected crash below the $70,000 mark ahead of the US Presidential elections. Reports have cited the influence of whales and the upcoming results of the US Presidential elections as catalysts to this price decline.
Analysts projecting a $50K - $90K BTC target in the short-term based on U.S. elections winner.
The price of the popular meme cryptocurrency Dogecoin (DOGE) soared over 6.3% today, with a large green candle now heralding its daily chart. As a result of this action, Dogecoin is now quoted above the $0.168 mark, which is the highest price since the end of October, and if we zoom out from the fall 2024 period, it is the highest price for DOGE since May.
Amid the heightened hype of the U.S. 2024 elections, which has seen pro-crypto presidential candidate Donald Trump lead in major polls, Bitcoin's (BTC) price has signaled short-term bearish sentiment. The flagship coin has dropped over 4 percent in the past seven days to trade above a crucial support level of about $68.
Defunct cryptocurrency exchange Mt. Gox transferred approximately 32,371 BTC, valued at around $2.19 billion, to unmarked wallet addresses on Monday evening.
Bitcoin's mining difficulty has reached a historic 101.65 trillion (T), posing significant challenges for small-scale miners. The latest increase in difficulty reflects a surge in computational power required to mine new Bitcoin blocks, intensifying competition across the industry.
Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1 million by 2030, driven by the rise of U.S. public debt and the devaluation of the U.S. dollar.
TL;DR Bitcoin ETFs in the U.S. saw substantial outflows of $541.1 million on November 4, 2024, marking the second-largest single-day outflow on record, just before the U.S. presidential election. The significant outflows reflect market caution as Bitcoin's price dipped to $68,000, with traders concerned about election-driven volatility and political dynamics.
Right now, as the US election unfolds, it's creating volatility for Bitcoin. Recent events show that the Bitcoin ETFs had one of their worst days in history, with a $541 million outflow just yesterday. This outflow created sell pressure, which caused a short-term dip in Bitcoin's price.
The Tron project has displayed an impeccable price performance this year. Further, with increased adoption and the launch of a unique and exciting project on its blockchain, its native token “TRX” has outperformed major cryptocurrencies over the past few months.
As Bitcoin struggles to get back above the $69,000 resistance, and most of the altcoins are bleeding out with all the uncertainty caused by the US election, it does seem odd that the memecoins are starting to run. Dogecoin ($DOGE) is leading that run, and the top memecoins are following.
Bitcoin has been making waves in the crypto market lately, with its volatility soaring to levels not seen in three months. As the U.S. election looms, market observers are questioning what's behind this spike and whether it signals a rise in Bitcoin's price—or if the volatility could lead to sharp price drops.
U.S.-listed spot Bitcoin ETFs witness their second-largest single-day net outflows since trading began in January.
There is rising liquidity around DOGE as more traders become more interested in the memecoin.
Bitcoin's maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin's evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.
Traders are braced for the Fed and China to feed into a "perfect storm" for the bitcoin price in the fourth quarter
A company called Cartwright, which specializes in helping pension plans make smart financial choices, helped make this big decision. In October, an unnamed pension fund chose to put 3% of its money into Bitcoin.
Although the Bitcoin options market is experiencing low volatility, analysts expect the volatility structure to change before the end of the week.
As the U.S. election looms, crypto investors are bracing for potential turbulence that could jolt major tokens like Bitcoin and Solana. 10X Research, led by Markus Thielen, has pitched a strategic “pair trade” to help investors navigate this storm: go long on Bitcoin (BTC) and short on Solana (SOL).
Over $9.4 billion worth of Bitcoin was owed to approximately 127,000 Mt. Gox creditors for over 10 years.
While the broader crypto market experiences a slight downturn ahead of today's US presidential election, Dogecoin (DOGE) has defied the trend by surging 10% in the last 24 hours. Over the past three days, DOGE has rallied more than 20% from its local low of $0.14219 on Sunday.
The king coin's stellar performance was in stark contrast to ETH's.
The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
The success of Dogecoin and the rest of the meme coins will happen irrespective of who wins the US 2024 presidential election.
The recent activity from defunct crypto exchange Mt. Gox has ignite fresh waves of volatility for Bitcoin and the broader cryptocurrency market.
Dogecoin outperforms the crypto market on U.S. election day, rising 13.5% amid Elon Musk's D.O.G.E. comments, Trump's poll lead, and a bullish “golden cross” setup.
For institutional investors, Bitcoin-backed lending presents a compelling alternative to traditional fixed-income investments.
On Tuesday, the cryptocurrency market displayed mixed movements as investors eagerly awaited the U.S. presidential election outcome. Major cryptocurrencies like Bitcoin, Ethereum, BNB, Solana, and Toncoin saw declines of up to 6%. However, other tokens, including XRP, Dogecoin, Shiba Inu, Polkadot, and NEAR Protocol, experienced gains of up to 10%.
Investors withdrew $541.1 million from U.S. Bitcoin ETFs on Nov.4, making it the second-largest outflow day on record.
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 $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt.
Cartwright, the renowned pensions advisor announced that it guided an unnamed retirement benefits scheme in integrating Bitcoin (BTC) in its investment portfolio.
Bitcoin ($BTC) is up 1.5% so far on a long-awaited US election day. However, after being definitively rejected from the all-time high only last week, Bitcoin bulls have a lot to do to bring the price back up again.