Will the U.S. adopt a strategic Bitcoin reserve with Donald Trump headed back to the White House? Senator Lummis explains her plan.
Bitcoin holds above $75,000 following a recent all-time high, as analysts observe shifting market phases and trends.
In less than a year, the iShares Bitcoin ETF (IBIT) surpassed the two-decade-old iShares Gold ETF (IAU) in net assets.
Stablecoin inflows to exchanges spike and Bitcoin price hits a new all-time just below $77,000 as investors prepare for a new crypto era under Trump's presidency.
Bitcoin's price has finally broken its record high after a gradual uptrend over the last couple of months. Investors are now wondering how far BTC can go.
The Bitcoin market has been bullish this week, smashing through the crucial $74,000 ceiling. This is partly because of the US elections, which have seen a lot of pro-crypto politicians being elected in America.
Two massive Bitcoin (BTC) whales have accumulated over $140 million worth of the flagship cryptocurrency from leading crypto trading platform Binance, after BTC's price saw a slight correction from a new all-time high. According to data shared by on-chain analytics firm Spot On Chain, one whale withdrew 1,225 BTC worth around $92.
As Bitcoin gains momentum, Michael Saylor, the executive chairman of MicroStrategy, took to X (Formerly Twitter) with a simple yet powerful message: "Ready to Go." His tweet quickly caught the attention of the crypto community, highlighting the optimism and expectations around Bitcoin's current price rise.
The crypto community responded enthusiastically when Donald Trump emerged victorious in the US election. As someone deeply invested in the ideals of blockchain and decentralized systems, I find myself navigating a complex mix of hope and healthy skepticism.
Peter Schiff, a vocal critic of Bitcoin (BTC), recently questioned the idea of the cryptocurrency serving as part of the U.S. strategic reserve, calling the idea a "ridiculous" plan. In his view, such a move would be ineffective and problematic, primarily due to Bitcoin's unstable volatility and potential impact on market stability.
During a recent appearance on CNBC's “Squawk Box,” Fundstrat's Tom Lee has predicted that the price of Bitcoin (BTC) could end up surging above the $100,000 level this year.
TL;DR Bitcoin and Ethereum options worth nearly $4.6 billion expire today, creating volatility in the market. The expiration of these options follows the US elections and FOMC updates, with high expectations for strategic moves. Implied volatility has decreased, although the market remains optimistic.
Yesterday, Bitcoin had one of its most bullish days in history, skyrocketing past its all-time high to reach $76,990. This new milestone has ignited widespread excitement and confidence among investors, who now see the potential for further gains.
Trump prepares revolutionary plans: cryptocurrencies at the forefront to counter the dollar crisis
El Salvador, the first nation state to adopt Bitcoin (CRYPTO: BTC) as a means of payment, is up 81% on its investments, according to on-chain analysis. What Happened: Spotonchain data shows El Salvador's strategic Bitcoin investments, led by president Nayib Bukele, have reaped gains of $24.54 million.
Milton Berg, the founder of MB Advisors, recently weighed in on the current state of Bitcoin, especially in the context of its surge to new all-time highs following the 2024 U.S. election.
The crypto market has surged in the wake of the US Presidential election results. Republican nominee Donald Trump beat Democratic candidate Kamala Harris to become the next president of the United States.
The US stock market and Bitcoin price reached record highs on Thursday following the Federal Reserve meeting and it's decision to cut interest rates and Fed Chair Jerome Powell's reassuring speech, where he dismissed concerns about his potential resignation following Donald Trump's election. Bitcoin (BTC) surged, reaching a new high of $76,990 before slightly retreating,
The Bitcoin market is somewhat stagnant on Friday, as the markets are still coming to terms with the breakout that we saw as a result of the US election. At this point, it should be noted that a lot of the elected officials are actually crypto-friendly.
After pro-crypto Donald Trump won the presidential election in the United States, sentiment across the cryptocurrency landscape shifted, leading to a notable market rally. Amid this, Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, has reached a new all-time high and is now approaching $80,000. $4.
If the Democratic Party is to have a future in US politics, it must embrace Bitcoin going forward.
BlackRock's Bitcoin ETF is now officially bigger than its famous Gold ETF. In just 10 short months, the Bitcoin ETF attracted a whopping $33.2 billion from investors, making it a massive success.
The US Federal Reserve reduced its interest rate by 25 basis points on Thursday, in a decision did not exactly come as a surprise.
The crypto market witnessed an accelerated bullish momentum following Donald Trump's victory as the 47th President of the United States. With the Bitcoin price entering price discovery, crypto analysts highlight a potential ‘parabolic' rally for BTC as it exits post-halving consolidation.
The correction has not lasted long, as almost all of the top 10 coins are in the green zone, according to CoinMarketCap.
Launched in January 2024, Bitcoin ETFs are close to a historic milestone. In less than 10 months after launch, Bitcoin ETFs are surpassing Gold-based trusts by aggregated market capitalization.
The shift from gold to Bitcoin ETFs highlights changing investor preferences, signaling a potential redefinition of safe-haven assets. The post BlackRock's Bitcoin ETF overtakes its Gold ETF in size appeared first on Crypto Briefing.
BlackRock has seen its biggest one day inflow yet at $1.120 billion disclosed on Thursday, though thought to have been purchased on Wednesday when bitcoin and stocks had outsized gains.
Fundstrat Head of Research Tom Lee recently suggested Bitcoin as a “potential Treasury reserve asset” that could play a unique role in managing national debt. He stated that traditional measures like adjusting taxes and spending may not be enough to address the growing US deficit.
Bitcoin's explosive rise nears six figures! Top analyst predicts BTC could reach $100K+ soon. Discover the factors driving this bullish momentum. Learn more! The post Can Bitcoin's Parabolic Rise Hit Six Figures? Analyst Says “Yes” – Here's How appeared first on Cryptonews.
Bitcoin spot ETFs on Nov. 7 saw a historic surge in investment, with total net inflows reaching $1.38 billion, the highest single-day figure to date. What Happened: BlackRock's (NASDAQ:IBIT) ETF alone accounted for $1.12 billion of this total, marking a record-breaking day for digital asset ETFs, according to data from SoSo Value.
Trump is not going to be a good thing for Bitcoin, he will continue the same malicious path of regulation that has been followed under Biden.
BlackRock's IBIT attracted a record-breaking $1.12 billion in daily net inflows on Thursday, buoyed by favorable market conditions, and pro-crypto sentiment from the U.S. election.
Cryptocurrency mining firm HIVE Digital has released its October production results, showcasing a 51% year-over-year growth in its Bitcoin portfolio value.
It was a historic week for all financial assets and BTC led the charge by charting a fresh all-time high.
Upbit lists the DRIFT token, allowing traders to trade it against KRW, BTC, and USDT, boosting options and visibility for Drift ecosystem.
The crypto industry has displayed promising momentum, with a rise of 1.68% in the market capitalization, which has taken the numbers to $2.57 trillion. However, the intraday trading volume has shrunk down significantly by 29.11% to $132.15 billion.
Alongside Bitcoin, major altcoins also recorded gains following the Fed's decision.
Trump's election win sparked a surge in searches, indicating increased retail investor interest in the digital asset.
Bitcoin's upward trajectory continues to capture the attention of investors and analysts alike. Despite already achieving record highs, the digital asset could be poised for even greater gains in the coming months.
BlackRock's iShares Bitcoin Trust (IBIT) has set a new benchmark with over $1.1 billion in net inflows recorded on Thursday, marking the highest single-day inflows for the fund.
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 8, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation.
As Donald Trump reclaims the White House, experts comment on the potential impact of his US presidential election victory on the crypto industry, its future, and market, as well as regulations, taxes, and mining, among other sectors. The post Will Trump's Win Push Bitcoin to $100K? Experts Weigh In appeared first on Cryptonews.
The crypto markets have risen above a minor consolidation as the Bitcoin price is heading back towards the ATH at $76,400. The traders have become more optimistic over the SOL price rally as the token remains within the top 5 dominant tokens in the market.
According to a shareholders' letter from the Jack Dorsey-led payment company Block, from November 7, the company will venture more into Bitcoin mining and the Block self-custody wallet, Bitkey. The company will abandon its Web5 internet project, TBD, and reduce investment in its music streaming project, Tidal, to get more funding for the Bitcoin mining project.
A leak has revealed the world's largest asset manager BlackRock is in discussions to buy a stake in the "king" of spot bitcoin exchange-traded fund (ETF) holders