The US Federal Reserve reduced its interest rate by 25 basis points on Thursday, in a decision did not exactly come as a surprise.

The correction has not lasted long, as almost all of the top 10 coins are in the green zone, according to CoinMarketCap.

Launched in January 2024, Bitcoin ETFs are close to a historic milestone. In less than 10 months after launch, Bitcoin ETFs are surpassing Gold-based trusts by aggregated market capitalization.

BlackRock has seen its biggest one day inflow yet at $1.120 billion disclosed on Thursday, though thought to have been purchased on Wednesday when bitcoin and stocks had outsized gains.

Bitcoin spot ETFs on Nov. 7 saw a historic surge in investment, with total net inflows reaching $1.38 billion, the highest single-day figure to date. What Happened: BlackRock's (NASDAQ:IBIT) ETF alone accounted for $1.12 billion of this total, marking a record-breaking day for digital asset ETFs, according to data from SoSo Value.

Crypto traders rejoiced as pro-Bitcoin candidate Donald Trump won the US Presidential election in 2024, leading to numerous potential changes throughout the industry.

Trump is not going to be a good thing for Bitcoin, he will continue the same malicious path of regulation that has been followed under Biden.

BlackRock's IBIT attracted a record-breaking $1.12 billion in daily net inflows on Thursday, buoyed by favorable market conditions, and pro-crypto sentiment from the U.S. election.

Cryptocurrency mining firm HIVE Digital has released its October production results, showcasing a 51% year-over-year growth in its Bitcoin portfolio value.

It was a historic week for all financial assets and BTC led the charge by charting a fresh all-time high.

Upbit lists the DRIFT token, allowing traders to trade it against KRW, BTC, and USDT, boosting options and visibility for Drift ecosystem.

The crypto industry has displayed promising momentum, with a rise of 1.68% in the market capitalization, which has taken the numbers to $2.57 trillion. However, the intraday trading volume has shrunk down significantly by 29.11% to $132.15 billion.

Alongside Bitcoin, major altcoins also recorded gains following the Fed's decision.

Trump's election win sparked a surge in searches, indicating increased retail investor interest in the digital asset.

Bitcoin's upward trajectory continues to capture the attention of investors and analysts alike. Despite already achieving record highs, the digital asset could be poised for even greater gains in the coming months.

BlackRock's iShares Bitcoin Trust (IBIT) has set a new benchmark with over $1.1 billion in net inflows recorded on Thursday, marking the highest single-day inflows for the fund.

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 8, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation.

As Donald Trump reclaims the White House, experts comment on the potential impact of his US presidential election victory on the crypto industry, its future, and market, as well as regulations, taxes, and mining, among other sectors. The post Will Trump's Win Push Bitcoin to $100K? Experts Weigh In appeared first on Cryptonews.

The crypto markets have risen above a minor consolidation as the Bitcoin price is heading back towards the ATH at $76,400. The traders have become more optimistic over the SOL price rally as the token remains within the top 5 dominant tokens in the market.

According to a shareholders' letter from the Jack Dorsey-led payment company Block, from November 7, the company will venture more into Bitcoin mining and the Block self-custody wallet, Bitkey. The company will abandon its Web5 internet project, TBD, and reduce investment in its music streaming project, Tidal, to get more funding for the Bitcoin mining project.

A leak has revealed the world's largest asset manager BlackRock is in discussions to buy a stake in the "king" of spot bitcoin exchange-traded fund (ETF) holders

The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.

TL;DR Bitcoin exchange-traded funds (ETFs) recorded $1.38 billion in net inflows on November 7, 2024, reflecting heightened investor confidence and optimism. BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $1.1 billion, making it one of the most traded assets, driven by Bitcoin reaching a new all-time high of $76,500.

Senator Cynthia Lummis has reaffirmed her call for a groundbreaking economic initiative: the establishment of a national Bitcoin reserve. This ambitious proposal seeks to use Bitcoin as a strategic tool to stabilize the U.S. economy and tackle the nation's escalating national debt.

On-chain data shows the Bitcoin retail volume has sharply increased recently as the cryptocurrency has surged to a new high. Bitcoin Retail Volume Is Up More Than 15% Over Last 30 Days As explained by CryptoQuant author Axel Adler Jr in a new post on X, the demand from retail investors has gone up recently.

This is a major step in making Bitcoin (BTC) more accessible to people who use the Solana blockchain. For the first time, Coinbase has issued a token on Solana, and it's called cbBTC.

Bitcoin price came within touching distance of $77k on Thursday, and the current market momentum and sentiment signal extended gains.

Spot Bitcoin ETF recorded a new all-time high of over $1.37 billion in net inflows a day after Trump's victory.

Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

Binance, one of the world's largest cryptocurrency exchanges, is growing stronger. Recent data shows that its reserve percentage has reached an all-time high of 25%. This means Binance now holds a large share of all crypto reserves across exchanges, only behind Coinbase, which has around 33%.

This week is ending on a very high note with a series of favorable news in the crypto market, sparking waves of optimism in the market. Bitcoin ETFs saw a record $1.38 billion in net inflows on Thursday, a day after Trump won the US Presidency and Bitcoin is also continually breaking its highs.

Should you take advantage of Bitcoin's recent surge? Check out why you should consider buying some at record-high coin prices.

Trump's win puts the world on notice to embrace Bitcoin or get left behind!

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.

Bitcoin bulls are fighting the bearish pressure as the levels are approaching back to $76,000, eyeing to form a new ATH above $76,500. The volume remains restrictive within the range, which has weakened the bulls to a certain extent.

U.S. Federal Reserve prepares to tells its decision on whether to cut interest rates, many are wondering what the move will mean for Bitcoin and the broader cryptocurrency market. While rate cuts are traditionally seen as a boost to risky assets, like stocks and digital currencies, opinions among experts differ on whether Bitcoin will truly benefit.

They predict at least another eight weeks of growth, and perhaps even a continuation in 2025.

Crypto analysts said that Bitcoin remains on course for a massive price hike after Donald Trump reclaimed the US presidency through a historic win against US Vice President Kamala Harris. Related Reading: Binance Coin Breaks $600!

Bitcoin (BTC) surged to a new all-time high, reaching $76,943, only a couple of days after it smashed its previous all-time high of $76,191, as markets continued their upward trajectory following Donald Trump's victory.

In recent Bitcoin news, the soaring interest from BTC whales, especially the fresh wallets, has caught the eyes of the crypto market participants. According to recent reports, fresh wallets have accumulated $145 million in Bitcoin recently, bolstering market confidence over an ongoing rally to extend.

Bitcoin ($BTC) briefly rose to $77,000 on Thursday as the U.S. Spot Bitcoin ETFs were recording their biggest daily net inflow since the funds were launched on 11 January this year. Of the 17.99K BTC bought by the funds, Blackrock's IBIT was responsible for the vast majority, with a 14.63K BTC purchase.

Coinbase said that cbBTC is the first token issued on Solana.

Spot Bitcoin exchange-traded funds (ETFs) saw record daily inflows of $1.38 billion as the price of the flagship cryptocurrency reached a new all-time high near the $77,000 mark after Republican candidate Donald Trump won the U.S. presidential elections.

Bitcoin whales or large holders could be on the verge of inducing a bearish pivot after BTC's new ATH as flows indicate profit-taking.

Galaxy Digital announces plans to potentially convert its 800-megawatt Helios mining facility to AI computing operations while reporting decreased Bitcoin production and mining revenue in Q3 2024.

Bitcoin reaches new all-time high above $76,000 as Trump's election victory prompts expectations of major cryptocurrency policy changes