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news-imageNovember 5, 2024

Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research

Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.
Publisher: Coindesk
Sentiment: Negative
BTC
SOL

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Negative
cover-imageCoinPedia
November 5, 2024

Bitcoin Price Prediction for Next 48 Hours: Will It Drop Below $66k?

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.

Neutral
cover-imageThe Currency Analytics
November 5, 2024

Solana Whale Profits from Strategic Cash-Out and Its Impact on the Market

Solana (SOL) has been on a remarkable upward trajectory, but a recent strategic sell-off by a prominent whale has drawn attention to the cryptocurrency's price dynamics. The whale, who had been accumulating SOL for months, recently sold 265,070 SOL worth approximately $43.96 million, raising questions about how such large transactions affect the broader market.

Negative
cover-imageCrypto Economy
November 5, 2024

Bitcoin ETF Outflows Surge to $541M, Marking Second-Biggest Single-Day Loss

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.

Neutral
cover-imageThe Currency Analytics
November 5, 2024

Solana's Price Outlook: Will $161 Hold as the Key Level for a Surge to $195

Solana (SOL), one of the leading cryptocurrencies known for its high-speed transactions and scalability, has been making waves in the market as traders and investors alike keep a close eye on its price movements. With the digital asset's current price hovering around a crucial support level, many are wondering: Will Solana's price rise to $195, or is it at risk of falling back?

Positive
cover-imageCryptoGlobe
November 5, 2024

Semler Scientific Follows MicroStrategy's Bitcoin Playbook, Raising $2.5M for Its Latest BTC Purchase

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.

Negative
cover-imageThe Currency Analytics
November 5, 2024

Bitcoin Dips Below $70,000 – Why Holders Should Stay Hopeful

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.

Negative
cover-imageUToday
November 5, 2024

Bitcoin's 'Shooting Star' Pattern Raises Red Flag, Peter Brandt Backs It

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.

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