An expert analyst is stirring up the debate over XRP's investment potential compared to Bitcoin. JayDee, a well-followed market analyst, has firmly stated that anyone who believes XRP is a better investment than Bitcoin is “out of their minds.

EigenLayer, Ethereum's largest restaking platform, introduces Bitcoin restaking options, including yield opportunities for Wrapped Bitcoin.

Bitcoin exchange-traded funds (ETFs) experienced their largest single-day outflows ever, with a staggering $580 million pulled from these investment products. This massive withdrawal marks a significant shift in investor sentiment, raising questions about the current state of the cryptocurrency market and what might lie ahead for Bitcoin and other crypto assets.

Around $68,685, the price of Bitcoin is beginning to show indications of a possible reversal, suggesting a fresh upward trend toward or perhaps above the $70,000 mark. Following resistance close to recent highs, Bitcoin has consolidated steadily, indicating that buyers may regain control for a bullish continuation.

On-chain data shows the Bitcoin long-term holders have started a phase of distribution recently. Here's what this could mean for BTC's price.

Less than a day before the polls closed in the United States, crypto analysts continued to offer their two cents on the future of Bitcoin and cryptocurrencies. For example, many Wall Street analysts say wild BTC market prices will continue after the elections.

Semler Scientific, a medical device company based in Santa Clara, is making headlines with its strategic pivot towards Bitcoin. Following a recent acquisition of 47 BTC in the third quarter of 2024, the company now holds a total of 1,058 BTC, equivalent to approximately $71 million.

Wallets associated with the now-defunct cryptocurrency exchange Mt. Gox have nived around $2.19 billion worth of the flagship cryptocurrency in a move that could bring relief to more of its thousands of creditors. According to on-chain cryptocurrency analysis firm Spot On Chain, Mt. Gox moved 31,371 BTC worth around $2.

Watch Daily: Monday - Friday, 3 PM ET

Long-term holders are selling more cautiously, suggesting a potential shift in market dynamics.

Mt. Gox is back in the news, this time, transferring 32,371 Bitcoin, valued at $2.19 billion at current prices, to an undisclosed address. The transaction from a defunct crypto exchange happened when Bitcoin's market price was stuck in the $65k to $73k range and anticipating the results of the US elections.

The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.

Bitcoin enthusiasts and investors are eagerly watching the cryptocurrency's price movements. After a year of fluctuations and uncertainty, many are wondering if Bitcoin can reach a new milestone by mid-December, potentially hitting $100,000 per coin or higher.

As Americans await poll results, analysts are already spotting signs of how Bitcoin traders are playing potential Trump or Harris wins.

Recent action has seen Bitcoin price retest the $67,000 price level. Particularly, the Bitcoin price declined by about 8.9% in seven days from $73,464 on October 29 to $66,895 on November 4, as many short-term traders exited their positions.

Bitcoin's (BTC) price climbed to $70,000 today ahead of the US presidential election, indicating the connection between major political events and cryptocurrency movements. Historically, political uncertainty and significant elections have influenced crypto market sentiment and volatility.

BitFuFu set an example for resilient mining, increasing its revenues in Q3, 2024 despite more competitive BTC production operations.

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.

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Bitcoin has been volatile Tuesday as voters choose the next American president, but Solana, Dogecoin, and other coins are rising even faster.

Microsoft faces potential shareholder lawsuit if it rejects Bitcoin investment, though the board advises against it. The post Microsoft's decision on Bitcoin could trigger shareholder lawsuit appeared first on Crypto Briefing.

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.

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.

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.

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.

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.