Bitcoin is currently trading at $70,801, down by over 1% in the last 24 hours. Bitcoin's decline follows a failed attempt to reach a new all-time high, facing resistance near $73,500.

Amid ongoing market turmoil, the Bitcoin price has experienced a significant drop toward its $70,000 level. Notably, the crypto market has started the month of November on a negative note, suggesting a high possibility of a reversal in the historic market trends.

Cryptocurrencies and stocks remained on edge after the U.S. released weak nonfarm payroll data, pointing to a potentially dovish Federal Reserve.

With just four days to go until the US presidential election, crypto enthusiasts are hoping that a victory for their preferred candidate will lead to a higher Bitcoin (BTC) price.

The ongoing debate about the merits of Bitcoin versus gold as investment options has gained traction once again, thanks to insights from two prominent figures in the financial world: senior trader Peter Brandt and economist Peter Schiff. Their recent discussions shed light on the contrasting performance of these two assets, highlighting the complexities that investors face when choosing where to allocate their funds.

Bitcoin price has pulled back over the past three days as the recent rally paused ahead of next week's election. Bitcoin (BTC) retreated to $68,762, down 6.60% from its highest level this year.

Bitcoin's (CRYPTO: BTC) continued its volatile trading action around the $70,000 mark on Friday morning as traders and analysts try to pin down key support and resistance levels. What Happened: Bitcoin dipped to a low of $68,840 during the Asian trading session but has since recovered above $70,200 at the time of writing.

BTC has recovered over a grand since the local low earlier today.

An Australian computer scientist who claimed he invented bitcoin was on Friday accused of contempt of court after he filed a 911 million-pound ($1.18 billion) lawsuit against Twitter founder Jack Dorsey's payments firm Block in Britain.

A recent correction has many worried, but should you be?

The latest US Job data showed that the non-farm payroll climbed by 12,000 in October, as compared to the market forecast of 110,000. On the other hand, the unemployment rate remained unchanged last month, sparking discussions in the market.

The anonymous investor purchased 54.8 million tokens in 2023 for $54,000 worth of ETH, later profiting with sales totaling $3.51 million.

Former President Trump commemorated Bitcoin's whitepaper anniversary with pro-crypto campaign promises, including pledges to pardon Ross Ulbricht and replace SEC Chair Gensler, while analysts predict Bitcoin could reach $125,000 under a Republican sweep.

Bitcoin is currently trading above $69,000, following a 6% pullback from its recent peak at $73,600. The recent surge in open interest has been a key factor in driving BTC's price action, with open interest reaching $23.9 billion on October 30, a significant uptick that indicated high market engagement.

Michael Saylor‘s declaration that “MicroStrategy (NASDAQ:MSTR) is the public equity play on Bitcoin maximalism” aptly defines the company's pioneering approach in corporate Bitcoin holdings. Saylor highlighted the company's strategy in a post on X on Thursday: MicroStrategy is the public equity play on #Bitcoin Maximalism.

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 1, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

The world is watching nervously the impact of the American elections on Bitcoin. Last week, Bitcoin flirted with the peaks, brushing against a historical record before experiencing a brutal drop on Thursday.

Analysts are observing that Bitcoin is facing rejection from a critical resistance zone. This movement has led to a short-term bearish divergence, suggesting potential downward pressure. Additionally, Ethereum and Solana are facing similar challenges as they struggle to maintain upward momentum.

Bitcoin has always been a frontrunner. As we move through 2024, many are calling this the most significant year in Bitcoin's history.

Bitcoin (BTC) slipped below $70,000 as markets turned bearish after the world's premier cryptocurrency briefly teased a new all-time high earlier in the week. BTC is currently down over 4% and is trading around $69,300.

WisdomTree, a major ETF provider in the United States has made headlines with its latest Bitcoin and Ethereum transfers. This follows as the top two cryptos witnessed sharp price declines over the last 24 hours. However, the fund manager still holds a significant amount of BTC and ETH raising speculations over further dip ahead.

In the past 20 hours, WisdomTree, a major ETF issuer in the U.S., executed a large transaction, transferring 8,258 Bitcoin (BTC), valued at approximately $600 million, and 48.83 Ethereum (ETH), valued at nearly $125,000, to the Coinbase exchange.

The Mt. Gox estate transferred 500 Bitcoin ($35.04 million) to two unmarked addresses early on Friday, according to Arkham.

A widely followed crypto analyst believes Bitcoin (BTC) still remains on track to hit new all-time highs (ATHs) after a correction earlier this week. In a new strategy session on the TechnicalRoundup YouTube channel, pseudonymous crypto analyst DonAlt says that he remains bullish on Bitcoin after it dipped into the $69,000 range. “So weekly good.

Bitcoin volatility has been on an uptrend since October 10 bottom. This uptick in daily BTC volatility can be attributed to the US presidential elections that will conclude on November 5.

Michael Saylor, the leader of MicroStrategy, has unveiled fresh information about MicroStrategy's approach to Bitcoin investing, demonstrating the firm's dedication to using Bitcoin as its main asset for long-term profits. Saylor recently presented MicroStrategy's versatile strategy for optimizing returns on its Bitcoin holdings, which combines market responsiveness, smart leverage and acquisition.

Bitcoins price fell today as the market's attention turned to the drop in Donald Trump's winning odds in the upcoming United States presidential elections.

Over $2 billion worth of bitcoin was sent to exchanges at a loss on Thursday, the most since August's yen carry trade unwind, as bitcoin fell below $70,000.

Blockstream CEO Adam Back was the first person that Satoshi reached out to regarding Bitcoin. Fresh off of a $210 million fundraise, Back plans to bring everything from stablecoins to stocks to the $1.4 trillion blockchain.

Bitcoin price declined by 4%, slipping down to $69K. BTC remains in the greed zone, with the Fear and Greed Index at 75.

Crypto analyst Ali Martinez has revealed what needs to happen next for the Bitcoin price to surpass its current all-time high (ATH) of $73,700. The analyst had rightly predicted the recent price rally to $72,000 but warned back then that the flagship crypto won't hit its ATH instantly.

Tether, the company that manages the USDt stablecoin, has bought 7,100 bitcoin during the third quarter according to a statement.

Florida officials revealed $800 million in crypto-related investments while exploring Bitcoin integration into pension funds, marking a substantial commitment to digital assets under CFO Patronis's leadership.

A wallet believed to be associated with the Mt. Gox exchange has transferred 500 BTC worth approximately 500 million to unknown addresses.

The U.S. stock market fell quite heavily on Thursday which made October the worst month for stock prices since April. The market slid on earnings calls for top tech stocks, and this spread to the cryptocurrency market, where $BTC fell around 3%.

Citrea secured $14 million in Series A funding led by Founders Fund, marking a major step toward expanding Bitcoin's role in decentralized finance.

Is Bitcoin off to the races once more?

MicroStrategy, the American business intelligence and cryptocurrency development firm, has achieved a staggering $8.4 billion in unrealized profits from its strategic investments in Bitcoin. This milestone highlights MicroStrategy's dominance as one of the foremost corporate holders of the digital asset, with a significant portfolio comprising approximately 252,220 Bitcoins acquired at an average price of $39,292.

With the election days away, can Trump's crypto outreach overshadow his previous criticisms of Bitcoin?

Generally, the Bitcoin market follows a 4-year bear-and-bull cycle pattern. A cryptocurrency analyst, identified as Plan C on X, in his recent post, suggests that the market may deviate from this pattern this time. He highlights the recently announced multi-billion dollar Bitcoin investment strategy of MicroStrategy as the early sign of this shift.

Nine out of nineteen core Bitcoin metrics tracked by CryptoQuant currently suggest a bearish outlook for the top digital asset. Just five are bullish, and the remaining five indicate a neutral position.

The leading provider of ETFs in the digital assets space, WisdomTree has gained market traction with its recent Bitcoin and Ethereum transfers. Notably, this movement comes as both the top two crypto by market cap noted sharp price declines over the last 24-hour timeframe.

Bitcoin (BTC) fell over 5% to around $68,779, down from $72,500, in the past 24 hours. The defunct Mt.

Ahead of its monthly close, Bitcoin (BTC) has seen another unsuccessful attempt to reclaim the $72,000 resistance as a support level. Despite the drop, some analysts consider the cryptocurrency is still in a strong position for an upcoming breakout, setting the next levels to watch.

Two big factors could result in another big run-up in the price of this cryptocurrency.

Bitcoin is back to $69,000 after a very red Thursday that saw COIN dive 10%, Hood fall 15%, while the overall Nasdaq index dropped 2.76%.

The latest BTC shift coincides with recent market corrections, with Bitcoin experiencing a 4.40% decline from its October 30 peak of $73,300 to a brief low below $69,150 at the time of writing.