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!

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.

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.

Crypto analysts said that Bitcoin remains on course for a massive price hike after Donald Trump reclaimed the US presidency through a historic win against US Vice President Kamala Harris. Related Reading: Binance Coin Breaks $600!

In recent Bitcoin news, the soaring interest from BTC whales, especially the fresh wallets, has caught the eyes of the crypto market participants. According to recent reports, fresh wallets have accumulated $145 million in Bitcoin recently, bolstering market confidence over an ongoing rally to extend.

Bitcoin ($BTC) briefly rose to $77,000 on Thursday as the U.S. Spot Bitcoin ETFs were recording their biggest daily net inflow since the funds were launched on 11 January this year. Of the 17.99K BTC bought by the funds, Blackrock's IBIT was responsible for the vast majority, with a 14.63K BTC purchase.

Coinbase said that cbBTC is the first token issued on Solana.

Spot Bitcoin exchange-traded funds (ETFs) saw record daily inflows of $1.38 billion as the price of the flagship cryptocurrency reached a new all-time high near the $77,000 mark after Republican candidate Donald Trump won the U.S. presidential elections.

Bitcoin whales or large holders could be on the verge of inducing a bearish pivot after BTC's new ATH as flows indicate profit-taking.

Galaxy Digital announces plans to potentially convert its 800-megawatt Helios mining facility to AI computing operations while reporting decreased Bitcoin production and mining revenue in Q3 2024.

Bitcoin reaches new all-time high above $76,000 as Trump's election victory prompts expectations of major cryptocurrency policy changes

The Federal Reserve cut interest rates by 25 basis points to 4.50-4.75%, prompting modest gains across crypto and traditional markets

Several Bitcoin price analysts see BTC trading between $100,000 and $200,000 just before and after Trump's inauguration.

Bitcoin hit a new all-time high of $76,943, surpassing $75K, signaling strong bullish momentum. A crypto analyst predicts Bitcoin will reach $100K by the end of 2024.

Jack Dorsey's Block shifts focus to Bitcoin mining hardware. Q3 revenue of Block falls short at $5.98 billion in revenue.

Solana has reached $200 per coin amid market optimism following Trump's election victory, Republican promises to protect crypto assets, and speculation about potential ETF approvals under the new administration.

The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.

In September, Coinbase unveiled cbBTC, a wrapped version of Bitcoin that enabled users to utilize their Bitcoin holdings in decentralized finance (DeFi) applications on Ethereum and Base without selling or converting to other cryptocurrencies.

In an extraordinary demonstration of demand for Spot Bitcoin ETFs, U.S. funds saw a record daily net inflow of $1.38 billion as Bitcoin itself hit new all-time highs. BlackRock's IBIT fund dominated the inflows, attracting a record $1.12 billion of the total, reflecting the hype of recent events and a growing appetite for regulated BTC exposure among traditional investors.

Bitcoin trades above $75,000 as market analysts project ambitious price targets following Trump's election victory and growing congressional support for cryptocurrency.

In its Q3 2024 update, Block announced plans to prioritize Bitcoin-related projects, increasing investment in mining and self-custody.

Bitcoin, a true barometer of alternative financial markets, has reached a historic milestone by surpassing the $76,800 mark. A staggering figure, indeed, but according to many analysts, it is just the first page of a book that promises to become a bestseller.

Square shifts focus to Bitcoin mining amid Trump's crypto-friendly election win, potentially boosting BTC mining stability.

The demand vs supply shock for Bitcoin is expected to significantly increase ahead and bolster the ongoing bullish breakout.

The cryptocurrency market is on alert as nearly $3.7 billion in Bitcoin options are set to expire on November 8. This large expiry, exceeding last week's, surpassing last week's, follows recent events, including the U.S. elections and the Federal Open Market Committee (FOMC) meeting. Such a substantial options expiry often triggers massive sell-off. $3.

Bitcoin price nears $76,000 as Jack Dorsey's Block ends Web5 project to focus on mining. Discover how this shift could impact the crypto ecosystem. The post Bitcoin Price Nears $76,000 as Jack Dorsey's Block Shifts Focus to Mining, Halts Web5 Project appeared first on Cryptonews.

The price of Bitcoin reached an ATH on Thursday, thanks to the latest 35 basis point rate cut by the Fed.

Coinbase, the largest cryptocurrency exchange in the U.S., has announced the release of its wrapped Bitcoin token, cbBTC, on the Solana blockchain.

Data shows the Bitcoin investor sentiment has entered extreme greed territory following the asset's surge to a new all-time high (ATH). Bitcoin Fear & Greed Index Is Now Pointing At ‘Extreme Greed' The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders in the Bitcoin and the wider cryptocurrency sectors.

Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies, said Swiss National Bank Chairman Martin Schlegel. The Swiss National Bank remains cautious about crypto as Chairman Martin Schlegel stressed on Thursday, Nov.

Bitcoin (BTC) surged to an all-time high of $76,800, as the latest Federal Reserve interest rate cut of 25 basis points marked a new milestone for both legacy and digital financial markets.

The world's largest spot Bitcoin exchange-traded fund by net assets sets a new record in single-day inflows.

Bitcoin longs risk mass liquidations in a snap market reversal, analysis warns after new BTC price records follow FOMC.

49,000 BTC options ($3.7B) and 295,000 ETH options ($860M) expire, with key Maxpain points at $69K and $2.5K.

Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset recently broke into a new all-time high. Brandt tells his 746,100 followers on the social media platform X that Bitcoin is “now in the sweet spot of the bull market halving cycle.

Jack Dorsey founded payments firm Block Inc. is pivoting its focus towards the cryptocurrency mining sector. In a Nov. 7 shareholder letter, Block, formerly Square Inc.

Both Bitcoin and Ethereum have experienced impressive growth in the last 30 days. The Bitcoin market has registered a surge of 21.6%, and the Ethereum market a rise of 19.2%. A recent post by Raoul Pal suggests that ETH may soon outperform BTC. He highlights some key factors to support his argument.

Ethereum (ETH) has made a significant leap in the market, surging by more than 10% in the last 24 hours. As of now, the second-largest cryptocurrency is trading at $2,840 after briefly reaching higher levels.

BlackRock's spot Bitcoin ETF has pulled off something huge. On November 7, this fund saw a mind-blowing $1.119 billion in inflows—an impressive recovery after losing $113 million just two days before. To put it into perspective, BlackRock's fund made up a massive 82% of all spot Bitcoin ETF inflows that day.

On Nov. 7, U.S. spot Bitcoin ETFs recorded a historic $1.38 billion in net inflows, marking the highest single-day inflow since their inception, driven primarily by BlackRock's IBIT.

Friday has come around again, and that means Bitcoin options expiry day, meanwhile, the asset has now entered new price discovery.

U.S. lawmakers are seeking assistance from crypto experts in passing the Strategic Bitcoin Reserve legislative plan after securing victory in the just-concluded elections.

Spot Bitcoin exchange-traded funds in the United States have seen their largest inflow day ever.

BlackRock's iShares Bitcoin Trust (IBIT) reached an extraordinary milestone, recording $4.1 billion in trading volume on November 6. This marked the highest single-day volume in the history of the ETF, outpacing the trading volumes of major stocks like Berkshire Hathaway and Netflix.