After Trump's election victory, Blackrock's IBIT realized an exponential increase in trade volume, with over $4.1 billion traded on November 6.
Following the resounding victory of pro-crypto candidates in the United States Senate, House of Representatives and the POTUS, Bitcoin (BTC) price has gained notable bullish momentum. The next United States administration's high expectations have significantly shifted the cryptocurrency market's dynamics around the market.
Peter Brandt, one of the most prominent commodity traders, has predicted that the Bitcoin price is going to peak at $150,000 around next August.
Bitcoin marks a new ATH above $76,000, the most expected event after Donald Trump's win in the U.S. presidential elections. Meanwhile, the Ethereum price, which usually follows the top crypto, ascended with less volatility.
Lower interest rates reduce borrowing costs, increase consumer spending, and make traditionally safer investments like bonds less appealing.
Bitcoin markets rallied sharply today, sending the world's most popular digital currency to a fresh high after Donald Trump won his reelection bid.
U.S. Senator Cynthia Lummis, famously called the “Crypto Queen,” has a big plan in mind: she wants the U.S. to build a Bitcoin reserve. Lummis believes this bold move could boost America's economy by treating Bitcoin as a new kind of financial asset.
Senator Lummis reaffirmed the US's commitment to create a strategic Bitcoin reserve. A goal of the idea is for the US Fed to own as much as 5% of the entire Bitcoin supply.
Trump's crypto-friendly policies, including a proposed strategic Bitcoin reserve, new SEC leadership, and mining incentives, could drive Bitcoin prices above $100,000.
Bitcoin Open Interest reached $45.4 billion on Nov. 6 after Donald Trump won the US presidential election and Bitcoin tapped all-new highs.
Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar's value and pushing investors towards alternative investments.
The US presidential elections have come and gone, and the only thing left is the results. Interestingly, a snapshot of the Bitcoin price during the elections showed Bitcoin trading just above $70,000.
BTC hits new high on Trump's victory; Ripple execs press for regulatory clarity as SEC appeal looms for XRP.
Bitcoin price is gaining pace above $74,000. BTC is trading in a bullish zone and might rise further above the $76,500 resistance zone.
Amid Bitcoins climb to a new all-time high, an Ethereum whale stunned the market by selling 14,240 ETH at a substantial $12.8 million loss. The whales surprising decision highlights diverging trends in cryptos biggest assets and the volatility of the current market.
In a landmark moment, BlackRocks Bitcoin ETF shattered expectations by logging $1 billion in trades within 20 minutes, a crazy level according to Bloomberg analysts. As Bitcoins price rallies, IBITs record-breaking volume signals surging interest in the crypto space.
Bitcoin surged past $76,000, setting a new all-time high on the day Kamala Harris conceded to Donald Trump. The milestone reflects growing enthusiasm for Bitcoin amid expectations of supportive policies from the next U.S. president.
While IBIT outperformed its rivals on the day, the category still recorded $6 billion in total volume across all funds
Bitcoin could hit a staggering $200,000 by 2025, according to a recent report by Bernstein analysts, even as the U.S. election draws intense market speculation. The report, led by analyst Gautam Chhugani, highlights that Bitcoin's potential remains strong, with short-term volatility anticipated based on the election outcome but a bullish long-term outlook supported by growing demand for Bitcoin ETFs and rising U.S. debt levels.
Leading cryptocurrencies gave a thumbs up to Donald Trump's presidential victory in anticipation of a friendlier White House. Cryptocurrency Gains +/- Price (Recorded at 7:30 p.m.
BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump's reelection as the president of the United States.
Bitcoin (BTC) hit a peak of $76,481 on Bitstamp shortly after 3 p.m. EDT Wednesday. By 7:30 p.m., the flagship cryptocurrency hovered at $75,297 per coin. Market Chaos as Bitcoin Short Sellers Take a $242M Hit The day brought bitcoin a solid gain of over 9% against the U.S. dollar as of 7:30 p.m.
Bitcoin (BTC) is showing signs of market evolution, with long-term holders, or “Holders,” adopting a more cautious approach to selling. This more reserved behavior, observed over the past few weeks, may indicate a shift in how investors engage with Bitcoin, pointing to a possible maturation of the cryptocurrency market.
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.
Bitcoin (BTC) soared to a new all-time high on Nov. 6 and is poised for further upside, spurred by significant institutional and retail capital inflows and rising market volatility, according to Glassnode's latest “Week On-chain” report. The landmark surge comes amid monthly net capital inflows totaling $2.
The Bitcoin price has hit a new All-Time High (ATH), marking a historical milestone in the crypto market. With a remarkable rally surpassing $75,000, Bitcoin is experiencing considerable momentum, driven primarily by market sentiment surrounding the US elections.
CryptoQuant founder projected a $96K-$103K cycle top for BTC as whales trim their BTC exposure.
Bitcoin (BTC), the world's largest cryptocurrency by market cap has gained notable attention from crypto enthusiasts following its impressive performance over the past 24 hours.
Bitcoin's dominance (BTC.D) has been steadily climbing, and as it approaches its previous cycle highs, traders and analysts are wondering if we're on the verge of a shift toward altcoin season. For months, Bitcoin has led the crypto market, but as its dominance reaches critical levels, the question remains: will altcoins soon begin to outpace Bitcoin and take center stage?
Bitcoin reached a remarkable all-time high today, hitting $74,870 as former President Donald Trump's odds of winning the U.S. presidential election surged to 97% on the prediction market platform Polymarket. The cryptocurrency has seen a strong rally, currently trading at around $74,331.55, up 8.61% over the last 24 hours.
Following Trump's victory, Senator Lummis proposes a Bitcoin Strategic Reserve bill to establish a national fund for Bitcoin. This bill could potentially reshape the U.S. government's approach to cryptocurrency and combat inflation. The post Senator Lummis Hints at U.S. Strategic Bitcoin Reserve, Echoing Trump's Crypto Promises appeared first on Cryptonews.
Bitcoin exchange-traded funds (ETFs) experienced significant outflows totaling $541 million in early November, driven by heightened volatility in the crypto market as U.S. election results loom. With uncertainty surrounding potential political shifts, investors have been cautious, pulling back from BTC ETFs amid the market's fluctuations.
Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.
Bitcoin could top $1 million per coin during Trump's second term, according to historical price data.
For weeks, former President Donald Trump defeating VP Kamala Harris in this year's election appeared to be bullish for bitcoin.
BlackRock's spot Bitcoin (BTC) ETF recorded an impressive $1 billion in trading volume within just 20 minutes of market opening on Nov. 6, spurred by President-elect Donald Trump's victory in the US elections. The surge reflects heightened investor confidence in a pro-crypto administration under Trump, who defeated incumbent Vice President Kamala Harris.
Analyst Peter Schiff, a well-known financial commentator, has reiterated his critical stance on Bitcoin, claiming that it stands in contrast to gold. Amid recent market optimism following the re-election of Donald Trump as U.S. President, BTC has surged, while gold has seen a decline.
The Bitcoin price has surged past $76,000 and is still eyeing new highs as US Vice President Kamala concedes defeat to Donald Trump. This price rally to new ATH comes just hours after the flagship crypto surpassed its previous ATH of $73,000, rising to as high as $75,000.
A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.
Cryptocurrency markets are trading higher as Donald Trump secured a second term in the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $75,833.12 +9.5% Ethereum (CRYPTO: ETH) $2,682.34 +11% Solana (CRYPTO: SOL) $188.34 +14.3% Dogecoin (CRYPTO: DOGE) $0.1952 +15.9% Shiba Inu (CRYPTO: SHIB) $0.00001883 +6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses falling by 4.4%.
The crypto-friendly, bipartisan market structure bill was good enough under a Biden regime. Now things have changed, sources say.
The establishment of a Bitcoin reserve could significantly alter global financial dynamics, positioning the US as a leader in digital currency innovation. The post US Senator Lummis reaffirms Bitcoin will be become a national reserve asset following Trump's victory appeared first on Crypto Briefing.
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Seth Hertlein of Ledger discusses the crypto industry's reaction to Donald Trump's victory in the 2024 election.
Bitcoin is soaring on optimism that President-elect Trump will follow through on his promise to support Bitcoin and the crypto industry at large. Republicans have won control of the Senate, with the House still up for grabs.
Senator Cynthia Lummis reaffirmed plans to create a strategic Bitcoin Reserve in the U.S. hours after Donald Trump won the presidential election.
$68,000 has been identified as a critical support level for Bitcoin (CRYPTO: BTC), following its surge to a new all-time high on election night. What Happened: In a comprehensive breakdown of Bitcoin's performance over the past seven months, crypto trader Scient identified two similar structures within this period: a bearish and a bullish structure.