Generally, the Bitcoin market follows a 4-year bear-and-bull cycle pattern. A cryptocurrency analyst, identified as Plan C on X, in his recent post, suggests that the market may deviate from this pattern this time. He highlights the recently announced multi-billion dollar Bitcoin investment strategy of MicroStrategy as the early sign of this shift.

Nine out of nineteen core Bitcoin metrics tracked by CryptoQuant currently suggest a bearish outlook for the top digital asset. Just five are bullish, and the remaining five indicate a neutral position.

Bitcoin (BTC) fell over 5% to around $68,779, down from $72,500, in the past 24 hours. The defunct Mt.

Ahead of its monthly close, Bitcoin (BTC) has seen another unsuccessful attempt to reclaim the $72,000 resistance as a support level. Despite the drop, some analysts consider the cryptocurrency is still in a strong position for an upcoming breakout, setting the next levels to watch.

Two big factors could result in another big run-up in the price of this cryptocurrency.

Bitcoin is back to $69,000 after a very red Thursday that saw COIN dive 10%, Hood fall 15%, while the overall Nasdaq index dropped 2.76%.

The latest BTC shift coincides with recent market corrections, with Bitcoin experiencing a 4.40% decline from its October 30 peak of $73,300 to a brief low below $69,150 at the time of writing.

The majority of the US spot Bitcoin ETF issuers registered notable cash outflows apart from BlackRock's IBIT which continued with its accumulation.

Bitcoin's recent climb above the $70,000 mark has reignited hopes for a potential bull run, capturing the attention of both long-time investors and those newly entering the market. As Bitcoin (BTC) holds its ground, a closer look at key indicators such as the Network Value to Transactions (NVT) ratio, active address metrics, and technical signals suggests that the asset may be setting the stage for a sustained upward trajectory.

A widely followed analyst and trader is leaning bullish on a blockchain oracle built in the Solana (SOL) ecosystem while offering his outlook on Bitcoin (BTC) and Dogecoin (DOGE).

Despite recent stagnation in Bitcoin's price, there's a compelling case to buy now for both short-term gains and long-term value.

A sudden $3,000 drop in Bitcoin's price triggered $300 million in trading liquidations, affecting 90,000 traders and causing a $100 billion decrease in total crypto market capitalization.

The recent events in the crypto universe highlight the extent of the growing influence of this industry, amidst political strategy, new heights, and financial records. Today, Donald Trump is positioning himself to attract pro-crypto voters, Bitcoin is celebrating a landmark anniversary, and BlackRock has recorded a record day for its Bitcoin spot ETF.

The transaction occurred from Mt. Gox cold wallet to an address starting with “12cTj” at 00.42 hours UTC on Friday. The post 500 BTC Moved From Mt. Gox-Linked Address: Arkham Data appeared first on Cryptonews.

Sazmining, a green Bitcoin mining company with operations in Wisconsin and Paraguay, aims to improve the heating business using mining as a key element.

MicroStrategy announces a bold $42B Bitcoin investment plan, pushing Bitcoin price closer to $70,000. Will this massive boost spark further gains? Find out more here. The post Bitcoin Price Nears $70,000 as MicroStrategy Unveils Massive $42B Investment Plan appeared first on Cryptonews.

CleanSpark has announced the strategic acquisition of GRIID Infrastructure, a critical point in the Bitcoin mining sector.

Defunct cryptocurrency exchange Mt. Gox has transferred 500 BTC, valued at approximately $35 million, into two unknown cold wallets.

According to data provided by cryptocurrency analytics firm Lookonchain, HarryPotterObamaSonic10Inu (BITCOIN) meme coin recently collapsed by 52% due to the largest holder selling a total of 24 million tokens for $5.24 million.

Bitcoin short-term holders panic and send coins to exchanges at a loss as a BTC price U-turn gathers momentum.

Today's Crypto Market crash lead to $277,480,000 liquidation. Liquidation refers to the forced closing of positions. Long liquidations happen when BTC prices fall sharply, forcing traders betting on a price increase to sell. The Bitcoin market has seen the highest liquidation of $88.40M in the last 24 hours, with long liquidations totaling $79.

Bitcoin is back in the spotlight as it surges past the $70,000 mark, currently trading close to $72,000. This recent price movement comes on the heels of a significant 3.9% increase in just 24 hours.

Mt. Gox, once the world's largest Bitcoin exchange before its infamous collapse in 2014, recently moved 500 Bitcoins (BTC), valued at approximately $35.04 million. The transfer has led to speculation about whether this action is part of an anticipated creditor repayment plan or signals an imminent sell-off, potentially impacting Bitcoin's value.

A tracker for market sentiment reached “extreme greed” levels on Thursday, which has historically preceded market corrections.

Ryan Lee, the chief analyst at Bitget Research, observed that while Bitcoin exchange-traded funds play a major role in driving demand, multiple factors are contributing to Bitcoin's momentum.

On Oct. 31, BlackRock's spot Bitcoin ETF, IBIT, recorded a notable $318.8 million in net inflows despite a 4% dip in Bitcoin's price, which dropped to around $68,800.

A closely followed crypto analyst says is turning bullish on Bitcoin (BTC) as the flagship crypto asset hovers above $70,000.

On Thursday, influential economist Peter Schiff took a swipe at MicroStrategy Inc.(NASDAQ:MSTR) CEO Michael Saylor's $42 billion Bitcoin (CRYPTO: BTC) investment strategy, likening it to a market trap. What Happened: Schiff took to X, formerly Twitter, and compared Saylor to “the Egg Man” in a metaphorical critique of his Bitcoin investment plans.

Bitcoin (BTC) price dropped around 4 percent in the past 24 hours to trade around $69,532 on Friday, November 1, during the early European session. After teasing a rally towards its all-time high earlier this week, the flagship coin closed October trading at around $70k, below the highest monthly close of about $71,297.

On Wednesday, BlackRock, the world's largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January. Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock's iShares Bitcoin Trust on Wednesday, marking a daily record for the fund.

Bitcoin's price is on the verge of breaking its all-time high, capturing the attention of the financial world. But while Bitcoin soars, the rest of the cryptocurrency market isn't faring as well.

With a massive correction in Bitcoin on Thursday, the crypto total market cap dropped by 3.10%. The slip-down continues with an intraday drop of 0.80%, accounting for a wipeout of nearly $100M in the entire crypto market.

The crypto market will witness $2.29 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined.

Reddit has notably decreased its cryptocurrency holdings, as detailed in a recent SEC filing. The social media platform sold off the majority of its Bitcoin and Ethereum during the third quarter, just ahead of Bitcoin's price surge in October, which saw the cryptocurrency reach a high of $73,569—only $168 shy of its all-time high.

October has been a bullish month for Bitcoin, with its price jumping 13% from $58K to reach $73K. But today, Bitcoin took a sudden 4% dive, now sitting around $69,000. This drop comes just as election odds for crypto supporter Donald Trump slip against Vice President Kamala Harris on the Polymarket.

The total crypto market cap is down by about $100 billion.

Key Points:

Friday means that crypto options expiry day has come around again and things are finally heating up in crypto markets with volatility abound.

Bitcoin (BTC) exchange reserves have plummeted to record lows, reflecting a growing trend of accumulation among investors. This decrease coincides with a substantial uptick in buying pressure over recent weeks, leading to speculation about a potential supply squeeze that could further amplify Bitcoin's price movements.

A press conference held today, October 31, at London's Frontline Club purported to unveil the true identity of Satoshi Nakamoto, the creator of Bitcoin. Stephen Mollah, a British businessman currently embroiled in a legal dispute over the same claim, stepped forward as the man behind the pseudonym.

Amidst revenue growth, company faced hashrate expansion challenges in U.S facilities.

The broader crypto market faced a strong sell-off on Thursday as it turned out to be an absolute Halloween event for investors. The BTC price has crashed 4.11% and is currently trading at $69,320 levels as the Bitcoin options data shows a tough fight between the bulls and the bears.

Around 500 BTC has been moved from a Mt. Gox-associated address but it is unclear if this is related to repayments.

The crypto prices today have again sparked mixed investor sentiments, illustrating fluctuating trajectories. Bitcoin (BTC) price waned back to the $69K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded dominantly in the red zone.

Will the lucrative BTC basis trade drive more institutional interest into the market?

XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance.

In just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades.