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.
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 state's pension fund has decided to invest in something called an Ether ETF (Exchange-Traded Fund). In simple terms, an ETF lets people invest in assets, like stocks or cryptocurrency, without having to buy them directly.
The recent activity from defunct crypto exchange Mt. Gox has ignite fresh waves of volatility for Bitcoin and the broader cryptocurrency market.
The Michigan state's retirement system strengthens its position in the crypto market. After its initial investment in Bitcoin ETFs, the fund is now adding significant exposure to Ethereum ETFs, demonstrating a growing confidence in digital assets.
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%.
The State of Michigan Retirement System, which manages $13.6 billion in pension assets, has begun diversifying its cryptocurrency investments. The post Michigan Pension Fund Diversifies Crypto Holdings, Buys $10M in Ether ETFs appeared first on Cryptonews.
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.
In a move that has sparked interest in the crypto community, 1,600 BTC, worth over $108,860,042, was transferred from an unknown wallet to an unidentified new wallet. This transaction was reported by Whale Alert, a popular blockchain tracking service that monitors large-scale cryptocurrency moves.
A popular on-chain strategist says Ethereum (ETH) is showing a great risk-reward ratio setup. Analyst Ali Martinez tells his 76,900 followers on the social media platform X that ETH appears to be forming a bullish ascending channel on the weekly timeframe.
Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.
As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.
As major tokens bled red, Dogecoin (DOGE) jumped more than 12% while markets dipped ahead of the much anticipated US elections. The biggest crypto, Bitcoin (BTC), looked confused as its price hovered around the $69,000 price level.
Key metrics suggested that BTC might soon begin its journey toward $120k.
Digital assets traded in the red today as cryptocurrency enthusiasts remain skittish amidst the United States Presidential elections. Bitcoin price retraced towards the $68K mark, dragging the altcoin market lower over the past day. The bellwether token trades at $68,790 at press time, with bears signaling further declines before probable uptrends.
DOGE's price surge came after the latest Musk interaction.
Bitcoin is priced at $68,344, down 1.09%, with trading volume up 24.89%. U.S. 2024 election impacts market sentiment and ETF flows.
Mt. Gox transferred $2.2 billion worth of Bitcoin to new wallets on November 5, 2024, causing market volatility and a price drop below $68,000
A knife-point robbery of a crypto executive in Bangkok, occurring days before Ethereum's Devcon conference, adds to a pattern of attacks on crypto event attendees worldwide, while UN reports warn of rising crypto-related crimes in Southeast Asia.
The US spot Bitcoin ETFs registered a notable net cash outflow on Monday after recording more than $2.2 billion in cash inflows last week.
US Bitcoin ETFs experienced their second-largest daily outflow of $541.1 million on November 4, 2024, as investors adjusted positions ahead of the presidential election
Bitcoin ETFs experienced a massive outflow on November 4, as $541 million was withdrawn, marking the second-largest single-day outflow in their history. This came amid growing uncertainty in the market due to the upcoming U.S. election.
Deutsche Telekom subsidiary partners with German bank to launch Bitcoin mining operation powered by surplus solar energy at RIVA Engineering facility.
The Michigan State Pension Fund has invested $10 million in Ethereum ETFs, becoming the first U.S. state pension fund to do so while demonstrating growing institutional acceptance of digital assets beyond Bitcoin.
Bernstein analysts predict different short-term Bitcoin price trajectories based on the U.S. presidential election outcome while maintaining a $200,000 target for 2025
Ethereum's influence on finance and tech may still be a mystery to many on Wall Street, but some analysts believe it's primed for a breakthrough. Leena ElDeeb, an analyst at crypto asset manager 21Shares, believes people should see Ethereum as Amazon did in 1990.
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.
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.
A UK pension fund has become the first in the country to allocate 3% of its £50 million portfolio directly to Bitcoin, with the private key split among five institutions and Cartwright simultaneously launching a Bitcoin Employee Benefits scheme.
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.
Post-election price volatility could set the stage for Bitcoin's rally to a new record high above $73,800.
Solana's ecosystem is fast emerging as a low-cost, high-speed alternative in the blockchain landscape.
Bitcoin is back above $68.5k and takes a bullish stand today after a 6-day crash. The increased uncertainty in the market mainly fueled the downfall due to the US elections in 2024.
A Keystone resident lost $6,000 in bitcoin in a phone scam in which a scammer claimed the victim had missed jury duty. The scammer also attempted to steal another $4,000 in bitcoin but was stopped by county deputies. The incident, which occurred Oct.
Deutsche Telekom's tech arm, MMS, has partnered with Bankhaus Metzler, a traditional banking company, to introduce a novel Bitcoin mining project using excess renewable energy in Germany.
Bitcoin (BTC) investors are bracing for potential market fluctuations that could be more intense than usual. With Bitcoin currently trading at approximately $68,815, a slight rise of 0.63% in the past 24 hours, the crypto community is on high alert, anticipating volatility that may surpass typical rates.
MicroStrategy Inc. (NASDAQ:MSTR), a stock considered an alternative to Bitcoin (CRYPTO: BTC) investment, received a bullish signal from moving average (MA) technical indicators. What happened: According to the financial market analytics platform TradingView, nearly all of the simple and exponential MAs flashed a “Buy” rating for the stock, culminating in a net “Strong Buy” signal.