Ethereum Foundation contributor Josh Stark highlighted Ethereum's (ETH) “hardness” as its defining quality in the digital economy, emphasizing its ability to provide unmatched predictability and immutability for decentralized applications. Stark argued that these qualities make Ethereum a resilient foundation, setting it apart from other blockchains and traditional institutions.
MARA (NASDAQ: MARA) has released its unaudited Bitcoin production update for October 2024, reporting a total production of 717 Bitcoin, which represents a 2% increase compared to the previous month. The company's energized hash rate increased by 14% to reach 40.2 EH/s, marking the highest production month since the Bitcoin halving event in April.
The U.S. elections are set to make a significant impact not only on politics but also on the cryptocurrency market, particularly on XRP. Currently, XRP is trading around $0.5072, showing a modest increase of 0.1% in the past day.
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Bitcoin has been volatile Tuesday as voters choose the next American president, but Solana, Dogecoin, and other coins are rising even faster.
Bitcoin has seen three U.S. elections so far and it has rallied subsequently in all three previous times. According to CoinDesk reporter James Van Straten, bitcoin could experience a significant rally once the volatility induced by the current election settles down, if history repeats itself.
As Bitcoin mining expenses surge, operators are turning to AI to navigate rising costs and market volatility.
You already know it's Election Day, and we've detailed the events leading up to today and what the results could spur in crypto land.
Bitcoin retests $70K in a wild rally as investors await the U.S. presidential election results.
Bitcoin's mining difficulty has climbed past an unprecedented 100 trillion, marking a new peak in the complexity of finding blocks on the network. Bitcoin's Mining Difficulty Hits 100 Trillion The difficulty level increased by 3.94%, now sitting at 101.65 trillion. Essentially, this metric gauges the challenge of adding a new block to the Bitcoin blockchain.
Bitcoin has experienced wild price swings since Vice President Kamala Harris announced her candidacy for the U.S. Presidential election in July 2024. The largest cryptocurrency attempted to test its previous all-time high of $73,738 on Oct.
The highly anticipated US presidential has arrived, and market onlookers are keenly awaiting the results. The crypto market has been bullish today, with BTC breaking through the crucial $70,000 level.
Cryptocurrency markets are trading higher as markets predict a Trump win, boosting sentiment.
Peter Todd, a Bitcoin pioneer recently accused of being Satoshi Nakamoto in HBO's documentary “Money Electric: The Bitcoin Mystery,” has praised President Javier Milei's vision for Argentina.
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, Marta Belcher of Filecoin Foundation discusses how blockchain could be used to store election information.
President of The ETF Institute, Nate Geraci, says the upcoming election will profoundly impact the future of crypto ETFs. The approval of new spot ETFs for assets such as Solana, XRP, and Litecoin is of particular interest.
The social media giant Reddit has unloaded a huge part of its cryptocurrency holdings, according to a new regulatory filing. The firm says in a filing with the U.S. Securities and Exchange Commission (SEC) that it sold a big chunk of the crypto assets on its balance sheet during Q3 of this year.
In the wake of the US presidential election, Bitcoin (BTC) is experiencing the expected volatility that often accompanies major political events. Tuesday's trading saw the largest cryptocurrency fluctuating between $68,000 and $70,000, with the latter level acting as resistance since Saturday.
Eric Balchunas, Bloomberg's leading ETF analyst, has predicted that Bitcoin exchange-traded funds (ETFs) could "triple" gold ETFs over the years during a recent appearance on the "Coin Stories" podcast hosted by journalist Natalie Brunell.
As the US presidential election approaches its conclusion, altcoins have become a focal point for traders, who anticipate a significant market impact based on the outcome, according to a Bloomberg News report.
Solana gains alongside Bitcoin's US election-related rally, and data hints that SOL price could hit $200.
The cryptocurrency market is always in motion, but recent developments in popular coins like Tron (TRX), Solana (SOL), and XRP are catching the eyes of traders and investors. While some coins are struggling, others are showing signs of hope.
With Bitcoin (BTC) holding above the $70,000 mark, market attention remains focused on whether the maiden cryptocurrency can experience a potential breakout in the near future.
Amir Taaki, a former Bitcoin developer, voiced strong support for Ross Ulbricht, founder of Silk Road, in a statement released on U.S. Election Day, emphasizing Ulbricht's influence on the cryptocurrency landscape and urging his release from prison.
Former President Trump's son, Eric Trump, will be attending the Bitcoin MENA (Middle East & North Africa) conference 2024 as a guest speaker. The event will take place in Abu Dhabi on December 9th and 10th.
XRP price has recovered above the $0.50 support amid massive whale transfers from South Korea's Bithumb exchange. In the past hour, over 1.6 billion XRP tokens, valued at approximately $814 million, were moved from the exchange to unknown wallets.
As cryptocurrency trends point to a bullish year in 2025, investors are paying close attention to the XRP price and another fast-rising altcoin, ETFSwap (ETFS). Predictions for the XRP price show a projected increase of up to 450%, while ETFSwap (ETFS) could potentially rally 14,000% to reach new all-time highs.
U.S elections have so far had a noteworthy impact on Bitcoin investor sentiment and fresh FUD from Mt. Gox just dropped, threatening to push prices lower.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
As Wall Street doubles down on a Harris win and institutional crypto investors hedge their bets, a Trump presidency seems to be under question. Regardless of the outcome, though, Bernstein remains firm in Bitcoin's long-term trajectory. The post Trump Election Win Doubts Grow, But Analysts Forecast a $200K Bitcoin Regardless appeared first on Cryptonews.
In a recent interview on the Unchained YouTube channel, the Galaxy Digital CEO, Mike Novogratz has outlined how he thinks Bitcoin will move after the US elections. He states that Bitcoin will spark a new bull market regardless of who wins the US presidential race.
Altcoins have lagged throughout the year amid regulatory uncertainty, and hence, K33 Research analysts said they are "more sensitive" to the election results.
The difficulty of Bitcoin mining has recently crossed an unprecedented threshold: 100 trillion. This feat, unimaginable just a few years ago, symbolizes both the robustness and the increasing complexity of the network.
In a major adoption boost for Bitcoin, a United Kingdom-based pension fund has added the bellwether crypto to its balance sheet — marking the first move of its kind in the nation. According to pension advisory firm Cartwright, the undisclosed fund made a 3% allocation to the apex cryptocurrency.
This metric serves as an indicator of relative market sentiment and capital flows between crypto's two largest assets.
In a research blog on Monday, Coinshares revealed that MicroStrategy's (MSTR) ambitious plan to buy $42 billion more worth of Bitcoin is not without risks. The company announced a $21 billion at-the-money offering of its own stock last week to raise capital to buy more Bitcoin.
Bitcoin's current valuation aligns closely with its price levels before the past two US elections, suggesting that the crypto could be primed for growth if a favorable post-election catalyst surfaces, according to CryptoQuant's latest report.
The activity follows delays in creditor repayments, which have now been rescheduled to 2025 due to system issues.
Given that Bitcoin (BTC) recently ignited the fire of reclaiming its all-time high (ATH) price of $73,800, panic selling cut short this objective based on mass liquidation from short-term holders (STHs).
Wall Street rallied on Tuesday as improved investor sentiment aligned with millions of Americans casting their votes for the 47th president. Betting markets leaned slightly toward Donald Trump, with CFTC-regulated Kalshi placing Trump's win probability at 56% compared to Kamala Harris's 44%.
ETH/BTC decline hits over three-year low at 0.03508, reflecting Ethereum's underperformance and potential further downside in Q4 2024. The post ETH/BTC hits lowest point in over 3 years, sliding to 0.03508 appeared first on Crypto Briefing.
The U.S. spot Bitcoin ETFs recorded a staggering $541.1 million net outflow on Monday, November 4—marking their second-largest outflow day in history. The timing comes as markets brace for heightened volatility tied to the 2024 U.S. presidential election, with the BTC price hovering around $68,000.
TL;DR The presidential elections in the U.S. have significantly impacted the crypto market, with Bitcoin and altcoins in the spotlight. Analysts warn that Bitcoin's price volatility could increase after the election, with expectations that a victory for Trump would favor its growth.
Bitcoin's resilience may keep crypto unaffected by the 2024 US election. Economic trends, and not political shifts, drive crypto growth and long-term value.
As of 12 p.m. Eastern on U.S. election day, bitcoin (BTC) remains steady above $70,000, currently priced at $70,283 per coin, reflecting a 3.8% increase over the past 24 hours. Despite Tuesday's gains, bitcoin shows a 3.1% decrease across the past week. Presently, BTC trades constitute $50.
Early Monday, an address associated with the defunct exchange Mt. Gox transferred its largest Bitcoin batch in months, roughly a few weeks after extending its repayment deadline.
The cryptocurrency market appears to be recovering as former U.S. President Donald Trump leads the presidential election polls. Amid the ongoing election, with Trump as a potential winner, Bitcoin (BTC), the world's largest cryptocurrency by market cap, has reached $70,000 while breaching the crucial resistance level.
The exchange has again moved billions in assets, but its recent deferral suggests no immediate relief for creditors.