Broadly the crypto market has been on the uptick since Donald Trump was elected U.S. president earlier this week.
The Ethereum Foundation released its financial report on Friday, disclosing a treasury worth $970.2 million as of October 31, 2024. The figure is down by 39% from $1.6 billion which was reported in March 2022.
Ethereum has finally surged after breaking through a critical resistance level that had kept the price subdued since early August. This move has shifted market sentiment, as many investors and analysts previously doubted ETH's potential in the current cycle, expecting it to lag behind.
Bitcoin miner Hive Digital reported modest growth in bitcoin production for October, while advancing its mining capacity and infrastructure. Hive Digital Discloses Modest Bitcoin Output Gains Vancouver-based Hive Digital (Nasdaq: HIVE) reported incremental growth in its bitcoin production for October, maintaining consistent operational metrics while advancing its mining infrastructure.
Cryptocurrency price milestones continue to topple in the aftermath of Donald Trump's election victory, as bitcoin on Friday surpassed $77,000 for the first time
Chasing quick gains without a strategy could leave traders vulnerable if the market shifts, threatening the $80K rally.
Ether's price metrics have replicated 3 key bullish actions which resulted in a 120% rally in Q1 2024. Will it happen again?
The recent price surge in GRASS, which is up 187.99% in the last seven days, appears to be fueled by the success of its airdrop and BTC new all-time highs. These factors, along with the upcoming listing of GRASS on Binance Futures with up to 75x leverage, have created a wave of bullish momentum.
A widely followed crypto trader says that one catalyst could cause Ethereum (ETH) to spark a rally that sees it rise by nearly 70%. In a new video update, Guy Turner, the host of CoinBureau, tells his 2.
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.
Cryptocurrency markets are trading mostly sideways to close out the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $76,596.76 -0.1% Ethereum (CRYPTO: ETH) $2,941.75 +1.8% Solana (CRYPTO: SOL) $198.79 +0.9% Dogecoin (CRYPTO: DOGE) $0.1959 +1.8% Shiba Inu (CRYPTO: SHIB) $0.00001878 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 26.3% and daily active addresses falling by 10.2%.
Bitcoin (BTC) thrives in low interest rate environments, and can outperform gold and equities. BTC heads for a new peak as the Fed signaled a series of rate cuts throughout 2025.
A dormant Ethereum whale has made a significant return to the crypto market following the boost ignite by Donald Trump's victory in the U.S. election. This whale, who had been inactive for over eight years, capitalized on the recent Ethereum price surge, making an impressive $30 million in just 24 hours.
Block, Inc. has outlined a strategic pivot to expand its presence in bitcoin mining, signaling a commitment to the cryptocurrency sector and its infrastructure needs, according to its recent third-quarter shareholder letter.
Big changes may be ahead for the crypto market.
Germany lost $1.1B in missed Bitcoin profits selling early amid all-time highs, reflecting political and market dynamics in crypto. The post Germany misses $1.1B in profits as Bitcoin hits a new all-time high appeared first on Crypto Briefing.
In the last two days, Ethereum's open interest has increased by more than $3 billion.
Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback. Matthew Sigel, VanEck's Head of Digital Assets Research, recently indicated that Ethereum is oversold.
After lagging Bitcoin for most of 2024, Ethereum appears to be in the early stages of a bullish trend reversal. Here's why traders are closely watching the ETH/BTC pair.
Bitcoin crossed $77,000 on Friday, Nov.8, setting another all time high for the second consecutive day.
At precisely 2:30 p.m. ET on Friday, bitcoin reached a fresh all-time high on Bitstamp, hitting $77,112 per coin. This latest peak redefined bitcoin's USD value once again. Trading in the mid-$76,500 range, bitcoin gained about 1% over the past 24 hours. Over the week, BTC has climbed 10.7%, showing a 14.
New data reveals that asset management titan BlackRock's Bitcoin (BTC) exchange-traded fund (ETF) has surpassed its gold counterpart in terms of net assets.
Bitcoin, the leading cryptocurrency by market capitalization, has surpassed the $77,000 level for the first time.
Stacks seeks to usher in a wave of adoption and innovation following its Nakamoto upgrade.
The SEC's delay highlights regulatory caution, potentially slowing innovation and market expansion for Ethereum-based financial products. The post SEC delays decision on NYSE options for spot Ethereum ETFs appeared first on Crypto Briefing.
The total liquidations over the past 24 hours exceed $260 million.
The US Securities and Exchange Commission (SEC) has again delayed its decision on the New York Stock Exchange's (NYSC) proposed rule change to offer options trading. This move comes despite the fact that the US SEC has already approved options trading for the Bitcoin ETFs.
Bitcoin surged to a new all-time high of $77,043 following Donald Trump's recent US election victory, which has sparked renewed interest in Bitcoin as a “risk-on” asset. The surge comes as investors expect the U.S. economic landscape to shift under Trump's leadership, fueling optimism for cryptocurrencies as alternative investments.
Crypto analysts are seeing signals that Ethereum (CRYPTO: ETH) may soon rally against Bitcoin (CRYPTO: BTC), potentially reversing recent underperformance. What Happened: According to Lookonchain, a major Ethereum whale with holdings of 398,891 ETH ($1.14 billion) recently sold 29,897 ETH at $2,839 for a profit of $84.7 million (810x return), signaling confidence among some high-stake investors in ETH's future trajectory.
Tether, the issuer of the world's largest stablecoin, has recently minted $2 billion worth of USDT on the Ethereum network, while simultaneously reallocating funds across multiple leading cryptocurrency exchanges. This move, coming on the heels of an earlier $1 billion mint on the Tron blockchain, has caught the attention of the crypto community and market analysts.
A closely followed crypto analyst believes Bitcoin (BTC) is gearing up for the next leg up. In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X that Bitcoin could soon soar more than 5% from its current value.
Bitcoin's Four-Year Rhythm: Mid-Cycle Insights and What Investors Should Expect
Peter Schiff, a staunch Bitcoin critic in a recent X post has questioned the idea of the cryptocurrency serving as part of the U.S. strategic reserve. He believes that such a move could be ineffective and problematic given Bitcoin's volatility and potential impact on market stability.
Trading data reveals that BlackRock's Bitcoin ETF, IBIT, has surpassed the firm's gold ETF offering. This comes despite the fact that gold is also enjoying intense price rallies.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
Republican Mike Collins, re-elected to the U.S. House of Representatives in Georgia's 10th Congressional District, holds Ethereum. Collins disclosed an investment in Ethereum (ETH) worth nearly $80,000, according to the platform Quiver Quantitative.
JPMorgan analysts are bullish on Bitcoin's prospects, predicting the cryptocurrency will see significant growth following Donald Trump's victory in the U.S. presidential election. As part of their market outlook, the analysts emphasize the “debasement trade,” a strategy that benefits assets like Bitcoin and gold, which serve as hedges against inflation and the weakening of traditional currencies.
BlackRock's iShares Bitcoin Trust (IBIT) has overtaken the iShares Gold Trust (IAU), in assets under management (AUM). BlackRock's IBIT has garnered around $33.1 billion in AUM, overshadowing IAU, which currently holds around $32.9 billion in assets.
After a monster week bolstered by Donald Trump's re-election, BlackRock's iShares Bitcoin ETF is smashing records.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
New Bitcoin wallets have reportedly amassed $145 million, increasing market optimism. There is optimism about a more transparent regulatory climate for crypto in the US.
At press time, with bitcoin floating comfortably above $76,000, the flagship cryptocurrency holds its ground as the ninth largest asset worldwide by market capitalization. Bitcoin Overtakes Meta, Sets Sights on Silver in the Global Asset Race On Fri., Nov.
Tom Lee, head of research at Fund Strat Global Advisors and Chief Investment Officer at Fund Strat Capital, appeared on CNBC for his first post-election discussion. He reflects on the election outcome, acknowledging that while not many predicted Trump's victory, his team placed significant weight on betting markets that indicated a potential win.
Blackrock's IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager's gold fund.
The crypto witnessed an accelerated bullish momentum following Donald Trump's victory in in the 2024 presidential election. Bitcoin, the pioneer digital asset reached a new all time high, fueling a recovery in the altcoin market.
Bitcoin (BTC) broke out of its all-time high on November 6, currently consolidating above that level before its next move. In the meantime, a cryptocurrency trading expert has set his BTC price targets for the weekend, aiming at higher levels.
Bitcoin (BTC) traded with conditions not seen since late 2021, reaching peak levels for its open interest to market cap ratio. Peak open interest creates risk of deleveraging and a drawdown.