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news-imageNovember 12, 2024

The Daily: Justin Drake proposes Ethereum consensus layer redesign, German government misses out on $1.6B by selling bitcoin early and more

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Publisher: The Block
Sentiment: Neutral
BTC
ETH

More News Articles

Positive
cover-imageThe Currency Analytics
November 14, 2024

Experts Cite Supply Shock as Major Driver Behind Bitcoin's Price Surge

Bitcoin has seen a significant surge in price recently, climbing to $87,378, and while some have attributed this to political events like Donald Trump's election victory, experts are largely focusing on another key factor: a supply shock following Bitcoin's halving event. According to Jesse Myers, co-founder of Onramp Bitcoin, while a Bitcoin-friendly administration may have played a role, the primary reason for this surge is the reduced supply of new Bitcoin entering circulation, creating a scarcity that drives up demand.

Negative
cover-imageBitcoinist
November 14, 2024

Ethereum's Rally Loses Steam: Analyst Foresee A Possible Brief Correction

Negative sentiment is gradually growing in the general crypto market once again, with major digital assets like Ethereum, the second-largest cryptocurrency, witnessing a notable setback that led to a slowdown of its renewed upside price momentum. Due to the sudden drop, several crypto analysts believe that the altcoin could face an extended bearish movement shortly.

Positive
cover-imageThe Currency Analytics
November 14, 2024

Bitcoin Dips to $85K: Peter Brandt Predicts “Insane” Rebound to $327K

Bitcoin's recent pullback to $85,155 after hitting an all-time high of $89,950 has generated plenty of discussion among cryptocurrency enthusiasts. With the market cooling off after eight consecutive days of upward momentum, traders and analysts are pondering whether this is just a temporary dip or the beginning of something bigger.

Positive
cover-imageNewsBTC
November 14, 2024

Bitcoin Expected To Hit $100,000 Before 2025, According To Kalshi Data

Bitcoin (BTC) has hit new highs in recent days, with many users of crypto betting site Kalshi predicting that the largest cryptocurrency on the market could hit the $100,000 milestone before the end of 2024. According to recent data from the event contract market, 60% of users believe Bitcoin will hit this milestone before January, while 45% are betting it could achieve this level as early as November.

Positive
cover-imageThe Currency Analytics
November 14, 2024

Bitcoin Surpasses Silver to Become the 8th Most Valuable Global Asset

Bitcoin continues its meteoric rise, surpassing silver in market capitalization to become the 8th most valued global asset. As of November 2024, the flagship cryptocurrency has achieved a market cap of $1.745 trillion, outpacing silver's $1.725 trillion and marking another milestone in its growth trajectory.

Positive
cover-imageCoingape
November 13, 2024

Peter Schiff Says Bitcoin Can Fix Social Security, Here's How

Peter Schiff, a long-time Bitcoin critic, has recently presented an unconventional plan suggesting that BTC could be the key to addressing the Social Security funding issue in the United States. Schiff, known for his skeptical views on crypto, has proposed that the Social Security Trust Fund should sell off its $2.7 trillion in U.S. Treasury

Positive
cover-imageCoindesk
November 13, 2024

Bitcoin Tops $93K Lifetime High As U.S. Demand Surges

Bitcoin price continues its record setting pace this week, blasting through the $90,000 resistance level and winning a new record over $93,000 in the U.S. morning Wednesday. CoinDesk Senior Anchor Christine Lee explains what is behind this latest surge on "Chart of the Day".

Positive
cover-imageBloomberg Technology
November 13, 2024

Bitcoin Surges Past $90K

Jalak Jobanputra, founder and managing partner of Future Perfect Ventures, discusses the unleashed pent-up demand for cryptocurrencies after Trump's election win. She speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Technology.

Positive
cover-imageThe Currency Analytics
November 13, 2024

BlackRock's IBIT ETF Sees Impressive $778M Inflows Amid Bitcoin Price Dip

BlackRock's IBIT fund has maintained impressive inflows, attracting a hefty $778.2 million on November 12, marking the fourth consecutive day of strong investment activity. This influx is part of a broader trend of growing investment in Bitcoin exchange-traded funds (ETFs), despite recent fluctuations in cryptocurrency prices.

Positive
cover-imageBenzinga
November 13, 2024

Bitcoin Crosses $90,000, Ethereum, Dogecoin Move Upwards As Pepe, Dogwifhat Get Listed On Coinbase

Cryptocurrency markets are trading higher as meme coins Pepe and Dogwifhat were listed for trading on Coinbase (NASDAQ:COIN). Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $90,040.52 +1% Ethereum (CRYPTO: ETH) $3,166.17 -3.5% Solana (CRYPTO: SOL) $210.16 -1.3 Dogecoin (CRYPTO: DOGE) $0.3836 -0.5% Shiba Inu (CRYPTO: SHIB) $0.00002485 -6% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 18.7% and daily active addresses growing by 7.8%.

Positive
cover-imageBitcoinist
November 13, 2024

Next Target For Bitcoin Price Is $102,000, Says Top Analyst

The Bitcoin price soared to a new all-time high of $89,940 on Binance on Tuesday, fueled by market excitement over Donald Trump's victory in the US presidential election. The surge comes as Trump has promised to establish a national Bitcoin reserve and has even considered using Bitcoin to pay down the US national debt.

Neutral
cover-imageBenzinga
November 13, 2024

Michael Novogratz: Bitcoin Reserve Could Push Price To $500,000, But Likelihood Is Low

Galaxy Digital CEO Michael Novogratz on Wednesday discussed the prospect of Bitcoin (CRYPTO: BTC) reaching unprecedented price levels if adopted as a reserve asset by nations, although he acknowledged the probability of this scenario remains low. What Happened: Novogratz, in an interview with Bloomberg said, "I think it would be very smart for the United States to take the Bitcoin they have and maybe add some to it.

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