Bitcoin is approaching all-time highs, prompting investors to wonder if the cryptocurrency could reach $100,000 by the end of the year. Currently sitting just under 1% below its highest-ever price point, Bitcoin has captured market attention with its recent surge, sparking a wave of speculation about what's driving the rally and whether it can sustain such momentum.

As the United States approaches its presidential election on Tuesday, November 5, 2024, the Bitcoin market is bracing for significant volatility. In the lead-up to the election, Bitcoin surged to a high of $73,620 on Tuesday, likely reflecting investor optimism over a potential victory for former President Donald Trump.

Canaan Inc. announced a new agreement to deliver 3,800 Avalon A1566I miners to Cleanspark Inc., a publicly listed bitcoin mining and energy technology firm.

The recent slip in price has raised questions over the staying power of the recent rally.

Ethereum's week ahead could be very crucial for the altcoin's short-term.

Strive Enterprises, an asset management firm co-founded by Vivek Ramaswamy, announced a new wealth management division on Nov. 1 that will integrate Bitcoin into client portfolios. The move aims to use Bitcoin as a hedge against expected long-term economic risks, including inflation, rising fixed-income yields, persistent geopolitical tensions, and restrictive monetary policies.

Bitcoin whale that had been inactive since 2012 has emerged from a lengthy dormancy, transferring 159 BTC—equating to approximately $11.3 million—just as Bitcoin's price broke through the $71,000 mark. This significant transaction has piqued the interest of analysts and enthusiasts alike, shedding light on the activities of long-term holders in the cryptocurrency space.

October has been an eventful month in the crypto market with positive price movements from digital assets. Dogecoin and Shiba Inu, for example, have made a remarkable recovery.

Shiba Inu (SHIB), the meme-inspired cryptocurrency, recently entered a consolidation phase amid a broader market slowdown. Despite current challenges in maintaining stability, SHIB has surged 123% over the past year.

Prices had rallied early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.

Financial services firm Strive, which was co-founded by Donald Trump advisor Vivek Ramaswamy, will begin offering Bitcoin under a new wealth management business.

Bitcoin (BTC) continues its climb past the $72,000 mark, it has set off a wave of short liquidations, wiping out over $48 million in positions in a single day. This recent uptick in Bitcoin's price has ignite renewed excitement across the crypto market, with many investors betting on Bitcoin reaching new all-time highs.

Robin Brooks, former chief economist at the Institute of International Finance, continues to insist that Bitcoin is "just another bubble asset" despite the substantial gains that were recently recorded by the flagship cryptocurrency.

Spot bitcoin exchange-traded funds (ETFs) posted mild gains on Thursday, following a week packed with significant capital inflows. Thursday's Crypto ETF action The 12 U.S.-based spot bitcoin ETFs collectively pulled in $32.14 million in fresh inflows during Thursday's trading according to sosovalue.xyz stats. Leading the way, Blackrock's IBIT saw a substantial intake with $318.

Raydium (RAY) price has surged nearly 20% over the past week, showing impressive strength within the Solana ecosystem. With Raydium maintaining a stronghold as the leading decentralized exchange on Solana, its price momentum is backed by substantial trading activity and liquidity.

On November 1, 21Shares officially submitted a Form S-1 with the SEC for its Core XRP Trust, an investment vehicle intended to provide indirect exposure to XRP for investors. While the ETF won't directly hold XRP tokens, it allows investors to engage with the XRP market through a regulated and accessible platform.

CryptoQuant's analysis suggests that BTC could be far from a new bull market because the cryptocurrency's dominance is not decreasing, but rising.

Major crypto ETF issuer 21Shares has made a big step toward launching an exchange-traded fund tied to Ripple-associated token XRP, following similar proposals from other asset managers.

Pro-XRP lawyer MetaLawMan has criticized the United States Securities and Exchange Commission (SEC) over its regulation by enforcement strategy. The financial regulator has remained under the radar of crypto market commentators for its hostile view of the industry.

Former United States President Donald Trump wished Bitcoiners a great anniversary, marking Satoshi Nakamoto's Whitepaper. This comes in the run-up to the US Presidential election, which is projected to change the dynamics of crypto assets in the country.

San Francisco-based enterprise blockchain company Ripple holds 4.43 billion tokens, according to its recently published Q3 report.

The crypto market faced a surge of selling pressure this week, unsettling investors as Bitcoin (BTC) dropped by 4% before rebounding to $71,000.

Over the past seven months, the Solana price has traded sideways, struggling to sustain above the $200 psychological level. While the consolidation has created uncertain market sentiment with a lack of initiation from buyers, the Q4 period could be a game changer.

Bitcoin's price dip below $70,000 has seen one whale panic, selling 2,019 BTC amid jitters over further declines.

Two prominent ETF issuers advanced their XRP-based asset initiatives today. Grayscale launched trading on its XRP Trust fund, while 21Shares submitted an official application for an XRP ETF.

Investment firm 21Shares submitted a request to the U.S. Securities and Exchange Commission (SEC) for approval to launch a spot XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: 21Shares filed an S-1 registration statement with the SEC on Friday proposing a fund, named the 21Shares Core XRP Trust to be listed on the Cboe BZX Exchange.

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, shed light on the future potential of Bitcoin amid various misconceptions surrounding its price trajectory. As Bitcoin hovers around $72,171, Hougan asserts that significant price increases are possible without necessitating a depreciation of the US dollar.

The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.

As the 2024 U.S. election approaches, investors are channeling hefty sums into bonds and bitcoin, signaling a clear shift in asset preferences, CNBC reports, citing Bank of America credit strategist Yuri Seliger.

The SEC must submit its opening brief in the Ripple SEC appeal by Jan. 15, 2025, as part of a key phase in the ongoing legal process. The post SEC ordered to file Ripple appeal brief by Jan. 15, 2025 appeared first on Crypto Briefing.

Florida is blazing a new path by investing $800 million in crypto, a move led by CFO Jimmy Patronis.

Some days ago, Ethereum (ETH) showed readiness to climb toward $3,000. But as last month neared its end, the momentum changed, leading the second most valuable cryptocurrency to drop below $2,600.

Solana (CRYPTO: SOL), launched in March 2020, has risen more than 15-fold, driven by a robust ecosystem supporting various meme coins. What Happened: In 2022, Jim Cramer labeled Solana and other tokens like Litecoin as "idiot investments" on CNBC.

The price of Ether (ETH) soared to a local high of $2,719 on October 30, marking its highest level in nearly 14 days. However, a strong rejection on Oct. 31 saw the second-largest crypto in the world tumbling to as low as $2,470 earlier today.

Ethereum (ETH) finds itself once again challenging the crucial $2,800 resistance zone, a level it hasn't breached since August. The digital asset has recently demonstrated slow yet steady progress, with bullish technical patterns forming.

Metaplanet's success highlights the growing trend of corporate Bitcoin adoption, potentially reshaping financial strategies globally. The post Metaplanet stock soars over 1,000% this year as firm adopts Bitcoin strategy appeared first on Crypto Briefing.

Global investment firm Franklin Templeton's proprietary blockchain-integrated record-keeping system Benji is now on crypto exchange Coinbase's Base. With the development, the Franklin OnChain U.S. Government Money Fund (FOBXX) – which invests at least 99.5% of its total assets in U.S.

Swiss ETF issuer 21Shares has filed an S-1 form with the SEC to launch a spot fund that tracks the price of XRP.

TL;DR 21Shares requests SEC approval for an XRP ETF, aiming to expand regulated access to cryptocurrencies. The XRP ETF would be listed on Cboe BZX, with Coinbase Custody Trust as the fund's custodian. Approval faces challenges due to the ongoing legal dispute between the SEC and Ripple over XRP sales as unregistered securities.

Institutional investment in Solana-based blockchain applications rebounded in the third quarter of 2024, with Solana's DApps attracting $173 million across 29 funding rounds. The post Institutional Investments in Solana DApps Reach $173M in Q3, Up 54% From Previous Quarter appeared first on Cryptonews.

With a new XRP ETF application from 21shares, pressure mounts on the SEC as investors eye access to XRP exposure amid ongoing regulatory battles.

After several firms took the step, 21Shares has become the latest to file for an XRP ETF with the US SEC. It has now become the third firm to file for the XRP investment vehicle, following both Bitwise and Canary Capital.

A closely followed crypto strategist is suggesting that Ethereum (ETH) may be gearing up for a massive breakout. Pseudonymous analyst Inmortal tells his 218,100 followers on the social media platform X that Ethereum looks bullish after holding the $2,400 level as support on the daily timeframe.

SEC faces a January deadline in Ripple's high-stakes appeal. Ripple's legal clash could define crypto's regulatory future.

The United States Court of Appeals for the Second Circuit has issued an order in the XRP lawsuit between the Securities and Exchange Commission (SEC) and Ripple Labs, Inc. The court has mandated that the SEC must file its appellate brief by January 15, 2025, setting a firm deadline.

Bitcoin (BTC) price has shown shifts in sentiment after recently reaching a very close level to its all-time high. DMI highlights a softening in BTC's uptrend momentum, suggesting some pullback in buying intensity.

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