As the US presidential election nears, a record-setting $25 million Bitcoin options trade on Derive highlights growing institutional bets on a post-election Bitcoin rally.

Bitcoin (BTC) whales have started to increase their activity as optimism prevails on the broader crypto market. Earlier today, $222 million worth of BTC were shifted between unknown wallets, sparking speculations in the community about potential market activity.

Ethereum co-creator Vitalik Buterin has added his voice to the recent criticism over MicroStrategy co-founder Michael Saylor's assertion that concern regarding the use of regulated institutions for Bitcoin custody was mostly from “paranoid crypto-anarchists.” Buterin went as far as calling Saylor's statement “insane.

Founder and CEO of CryptoQuant, Ki Young Ju, stated a rise in Bitcoin mining difficulty could signal the possibility of Bitcoin becoming a digital currency.

Cardano taps BitcoinOS to integrate Bitcoin liquidity into its DeFi ecosystem using zero-knowledge cryptography for secure cross-chain functionality.

Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin will likely evolve into a widely accepted “currency” by 2030, aligning with the original vision of its pseudonymous creator, Satoshi Nakamoto. Ju shared this outlook in an Oct. 24 post on X (formerly Twitter).

From its current price levels, Bitcoin is looking at an 198.51% appreciation in the upcoming year.

Ripple's price has been bearish over the last few weeks as it failed to continue its upward momentum. However, the momentum during the past few days has been quite tumultuous, resulting in a choppy price action that puts the trend into question.

In a recent discussion about Bitcoin ETFs, SEC Commissioner Hester Peirce expressed her frustration with the agency's slow pace in approving these products. Peirce said that she had advocated for their approval as far back as 2018, pointing out that the SEC has applied a different standard to Bitcoin ETFs compared to similar financial products.

Market analysts are sending mixed signals on Bitcoin‘s (CRYPTO: BTC) price trajectory in the coming days, with some highlighting strong underlying fundamentals and others pointing to concerning technical indicators. What Happened: On Oct. 23, Bitcoin spot ETFs saw a total inflow of $192 million, with BlackRock's (NASDAQ:IBIT) ETF receiving a massive $317 million.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 24, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

As Bitcoin tests critical levels, there's potential for a shift from bullish to bearish momentum. This level, which previously acted as resistance, is now expected to serve as support. If Bitcoin can maintain its position above this critical level—around $65,000 to $67,000—it could mean a continued bullish trend.

The crypto market has recently experienced significant movements, particularly with a notable increase in Bitcoin. Discover below the current trends, technical indicators, and on-chain metrics that signal an upcoming price rise!

Get more Crypto Updates https://www.youtube.com/channel/UCUv89KvVvjuH-NngyBhfwTg/about Are NFTs dead? Think again!

The CEO of Coin Bureau, Nic Puckrin, mentioned that BTC was entering an accumulation phase, signaling possible bullish sentiments among investors to hold the asset long-term. The crypto executive shared a chart from Glassnode showing BTC balances on exchanges have recently dipped to all-time lows.

As the 2024 BRICS Summit commences in Kazan, Russia, discussions surrounding cryptocurrency have taken center stage. Lawmakers from Brazil, Russia, India, China, and South Africa are exploring the potential for Russian miners to leverage Bitcoin in international trade, aiming to circumvent the stringent sanctions imposed by the United States.

How did the crypto community react to Saylor's latest comments?

The price of Bitcoin (BTC) faced a rejection around the $69,000 level. Since then, it has dipped toward the $66,000 price range.

While most of the altcoins have been trying a push upside, the Ethereum (ETH) price has continued to move sideways flirting around $2,550 levels. The ETH/BTC pair has also been heading lower hitting the lowest levels since 2021.

Solana (SOL) is becoming the Ethereum of this bull market. Up 30% against its USD pair since early October, $SOL is the gains leader among the top 50 cryptocurrencies by market capitalization.

Grammy-winning rapper Ermias Joseph Asghedom, better known by his stage name Nipsey Hussle, developed a conviction for cryptocurrencies much before they became a viable mainstream investment option. What happened: During a 2018 interview with Hard Knock TV's Nick Huff Barili, the Los Angeles-born music artist famously described cryptocurrencies as a form of "Karma.

Crypto mining firm TeraWulf plans to offer $350 million in convertible senior notes due 2030 to qualified institutional buyers, with proceeds aimed at corporate purposes.

El Salvador's President Nayib Bukele has donated two BTC, valued at approximately $133,000, to support the construction of 1,000 schools in Honduras, according to an Oct. 24 X (formerly Twitter) video.

Bernstein Research, the esteemed research arm of global asset manager AllianceBernstein, is projecting that Bitcoin will reach $200,000 by the end of 2025. The firm, which manages assets worth $791 billion as of August 2024, labels this prediction as “conservative” in its latest 160-page “Black Book” on Bitcoin.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, may be about to form a key technical pattern, with its daily moving averages likely to cross in the coming days.

BlackRock has bought $317 million worth of bitcoin on Wednesday even while price fell to a low of $65,200.

Japanese tech firm Metaplanet has become a significant player in the cryptocurrency space, adopting an aggressive Bitcoin acquisition strategy that has driven its stock price up 644% year-to-date (YTD). The company, often dubbed “Asia's MicroStrategy,” recently raised ¥10 billion ($66.9 million) through a strategic stock sale to expand its Bitcoin holdings.

Bitcoin mining difficulty has surged by 378% over three years, signaling the potential for institutional-driven BTC stability by 2030.

A new day, a new round of inflows into BlackRock's Bitcoin ETF IBIT, and correspondingly new purchases by the hedge fund giant of cryptocurrency in its wallets.

Bitcoin network growth showed remarkable expansion in October and might boost BTC's medium prospects.

According to institutional-grade research firm Bernstein analysts, Bitcoin (BTC) reaching $200,000 by the end of 2025 would be a “conservative” estimate.

Bitcoin (BTC) price today trades at as of . BTC price hit a daily high of today after sliding % on.

Bitcoin is gaining attention again as its market dominance has surged past 57%, a level not seen since April 2021. This dominance shows Bitcoin's growing share in the overall crypto market, often a signal that investors are leaning toward its stability over more volatile altcoins.

Bitcoin (BTC) could finally realize its potential as a global currency by 2030, according to a recent post by Ki Young Ju, CEO of CryptoQuant. Ki's analysis highlights the rapid evolution of the Bitcoin ecosystem, particularly in mining and institutional involvement.

The rise of digital currencies such as Bitcoin (BTC) has shone a new light on gold's role as a store of value. While the two assets have different risk profiles and correlations, many investors are increasingly gravitating toward BTC — mainly on account of its ability to deliver immense returns.

Bernstein Research predicts that Bitcoin could reach $200,000 by the end of 2025 as institutional adoption accelerates.

Hex Trust, a provider of digital custody services, has just formed a strategic partnership with Babylon, a layer-2 of Bitcoin.

The recent increase in the appeal of spot Bitcoin exchange-traded funds (ETFs) in the United States has temporarily ceased. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum On Tuesday, these funds underwent a reversal, resulting in net outflows of $79.01 million, following an extraordinary seven-day streak of positive inflows.

Italy is considering raising its Bitcoin capital gains tax from 26% to 42% as part of a broader effort to increase revenue. On October 16, Deputy Economy Minister Maurizio Leo announced the proposal during a press conference.

After dipping back inside its bull flag on Wednesday, the Bitcoin price has since recovered to close a daily candle above the bull flag trendline. The U.S. presidential election is only two weeks away, and republican candidate Donald Trump has the wind in his sails.

Bitcoin price trades at $67.3K after a brief gain of 0.35% in the last 24 hours. Crypto analyst shares a promising sign of a potential Bitcoin price momentum.

In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.

The ongoing shift in macroeconomic outlook catalyzed by rate cuts in several major jurisdictions has bolstered a bullish outlook for Bitcoin and the entire crypto space.

The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of Bitcoin ETF Options. This approval, granted on October 18, 2024, signals a notable shift in Wall Street's approach to digital assets, opening new investment avenues for institutional players.

A widely followed crypto analyst is warning that Bitcoin (BTC) may be heading lower after tapping the $69,000 level on Sunday. Pseudonymous crypto trader Credible Crypto tells his 431,100 followers on the social media platform X that he is turning short-term bearish on Bitcoin. “I think our top is probably now in on BTC.

The number of Bitcoin whales has hit a level not achieved since January 2021, while retail investors have become more cautious.

On the other hand, POPCAT has skyrocketed by 17% in the past 24 hours.