With Bitcoin smashing all-time highs daily, recently reaching $76,203, Donald Trump's win in the U.S. presidential race has been a major catalyst, fueling bullish sentiment in the market. This Bitcoin rally is beginning to spread across other cryptocurrencies, especially Chainlink (LINK), which now shows signs of a bullish breakout.
Spot Bitcoin exchange-traded funds in the U.S. recorded $621.9 million in net inflows on Nov. 6 as Bitcoin reached an all-time high of over $76,000.
The 12 spot bitcoin ETFs traded over $6 billion on Wednesday, marking their highest daily total since March.
Bitcoin recently broke its previous ATH at $73,800 and made a new at $75,000. Currently hovering around $74,926, BTC does not show any chances of retracing back. The crypto community has one question, is it done or will it climb further? Let's dive into the analysis and see what market experts are talking about.
The price of Ethereum (ETH), the flagship altcoin, has surged by more than 10% over the past 24 hours. It is currently trading at $2,840 after giving up some gains, according to CoinGecko data.
The crypto market continued its upward surge, posting a strong 7.41% increase over the past 24 hours and lifting the global market cap to an impressive $2.46 trillion. Trading volumes soared by an astounding 128.03%, touching $192.7 billion.
The fear of further cryptocurrency selloff in the near term has significantly diminished as Bitcoin (BTC) price closed the daily candle above $75.6k for the first time since its inception.
Bitcoin prices have notched another new peak in the wake of Donald Trump's presidential victory in the United States.
The crypto markets have entered a strong bullish range after the historical win of Donald Trump as he became the 47th president of the state. This move was extremely important as the markets consolidated, maintaining less volatility just before the elections and breaking out of the zone soon after the results.
Binance has announced it will be removing certain cryptocurrencies from BTC margin trading pairs starting November 7.
After Trump's election victory, Blackrock's IBIT realized an exponential increase in trade volume, with over $4.1 billion traded on November 6.
Despite BlackRock's setback, the resilience of Bitcoin ETFs highlights growing investor confidence and potential for future market expansion. The post BlackRock records largest single-day outflow, but Bitcoin ETFs still post $622 million gains appeared first on Crypto Briefing.
Following the resounding victory of pro-crypto candidates in the United States Senate, House of Representatives and the POTUS, Bitcoin (BTC) price has gained notable bullish momentum. The next United States administration's high expectations have significantly shifted the cryptocurrency market's dynamics around the market.
Peter Brandt, one of the most prominent commodity traders, has predicted that the Bitcoin price is going to peak at $150,000 around next August.
Bitcoin marks a new ATH above $76,000, the most expected event after Donald Trump's win in the U.S. presidential elections. Meanwhile, the Ethereum price, which usually follows the top crypto, ascended with less volatility.
Lower interest rates reduce borrowing costs, increase consumer spending, and make traditionally safer investments like bonds less appealing.
Bitcoin markets rallied sharply today, sending the world's most popular digital currency to a fresh high after Donald Trump won his reelection bid.
U.S. Senator Cynthia Lummis, famously called the “Crypto Queen,” has a big plan in mind: she wants the U.S. to build a Bitcoin reserve. Lummis believes this bold move could boost America's economy by treating Bitcoin as a new kind of financial asset.
Crypto prices today have maintained a bullish movement, solidifying investor optimism across the industry. Bitcoin (BTC) price briefly touched the $76K mark, whereas Ethereum (ETH), Solana (SOL), and XRP traded dominantly in the green.
Trump's crypto-friendly policies, including a proposed strategic Bitcoin reserve, new SEC leadership, and mining incentives, could drive Bitcoin prices above $100,000.
Bitcoin Open Interest reached $45.4 billion on Nov. 6 after Donald Trump won the US presidential election and Bitcoin tapped all-new highs.
Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar's value and pushing investors towards alternative investments.
The US presidential elections have come and gone, and the only thing left is the results. Interestingly, a snapshot of the Bitcoin price during the elections showed Bitcoin trading just above $70,000.
BTC hits new high on Trump's victory; Ripple execs press for regulatory clarity as SEC appeal looms for XRP.
A group of South Korean Bitcoin mining scammers appears to have scored a spectacular own goal, mistakenly targeting a police detective with a “high-yield investment crypto scam.” The post 81 Arrests After Bitcoin Mining Scammers Accidentally Target Detective appeared first on Cryptonews.
Bitcoin price is gaining pace above $74,000. BTC is trading in a bullish zone and might rise further above the $76,500 resistance zone.
Amid Bitcoins climb to a new all-time high, an Ethereum whale stunned the market by selling 14,240 ETH at a substantial $12.8 million loss. The whales surprising decision highlights diverging trends in cryptos biggest assets and the volatility of the current market.
In a landmark moment, BlackRocks Bitcoin ETF shattered expectations by logging $1 billion in trades within 20 minutes, a crazy level according to Bloomberg analysts. As Bitcoins price rallies, IBITs record-breaking volume signals surging interest in the crypto space.
Bitcoin surged past $76,000, setting a new all-time high on the day Kamala Harris conceded to Donald Trump. The milestone reflects growing enthusiasm for Bitcoin amid expectations of supportive policies from the next U.S. president.
Senator Cynthia Lummis, dubbed the Crypto Queen of Capitol Hill, renews her promise to create a U.S. strategic Bitcoin reserve following Donald Trumps reelection. While a Republican-led Congress improves the odds, significant hurdles remain in integrating Bitcoin into national reserves.
While IBIT outperformed its rivals on the day, the category still recorded $6 billion in total volume across all funds
Bitcoin could hit a staggering $200,000 by 2025, according to a recent report by Bernstein analysts, even as the U.S. election draws intense market speculation. The report, led by analyst Gautam Chhugani, highlights that Bitcoin's potential remains strong, with short-term volatility anticipated based on the election outcome but a bullish long-term outlook supported by growing demand for Bitcoin ETFs and rising U.S. debt levels.
Leading cryptocurrencies gave a thumbs up to Donald Trump's presidential victory in anticipation of a friendlier White House. Cryptocurrency Gains +/- Price (Recorded at 7:30 p.m.
BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump's reelection as the president of the United States.
Bitcoin (BTC) hit a peak of $76,481 on Bitstamp shortly after 3 p.m. EDT Wednesday. By 7:30 p.m., the flagship cryptocurrency hovered at $75,297 per coin. Market Chaos as Bitcoin Short Sellers Take a $242M Hit The day brought bitcoin a solid gain of over 9% against the U.S. dollar as of 7:30 p.m.
Bitcoin (BTC) is showing signs of market evolution, with long-term holders, or “Holders,” adopting a more cautious approach to selling. This more reserved behavior, observed over the past few weeks, may indicate a shift in how investors engage with Bitcoin, pointing to a possible maturation of the cryptocurrency market.
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.
Bitcoin (BTC) soared to a new all-time high on Nov. 6 and is poised for further upside, spurred by significant institutional and retail capital inflows and rising market volatility, according to Glassnode's latest “Week On-chain” report. The landmark surge comes amid monthly net capital inflows totaling $2.
The Bitcoin price has hit a new All-Time High (ATH), marking a historical milestone in the crypto market. With a remarkable rally surpassing $75,000, Bitcoin is experiencing considerable momentum, driven primarily by market sentiment surrounding the US elections.
CryptoQuant founder projected a $96K-$103K cycle top for BTC as whales trim their BTC exposure.
Bitcoin (BTC), the world's largest cryptocurrency by market cap has gained notable attention from crypto enthusiasts following its impressive performance over the past 24 hours.
Bitcoin's dominance (BTC.D) has been steadily climbing, and as it approaches its previous cycle highs, traders and analysts are wondering if we're on the verge of a shift toward altcoin season. For months, Bitcoin has led the crypto market, but as its dominance reaches critical levels, the question remains: will altcoins soon begin to outpace Bitcoin and take center stage?
Bitcoin reached a remarkable all-time high today, hitting $74,870 as former President Donald Trump's odds of winning the U.S. presidential election surged to 97% on the prediction market platform Polymarket. The cryptocurrency has seen a strong rally, currently trading at around $74,331.55, up 8.61% over the last 24 hours.
Following Trump's victory, Senator Lummis proposes a Bitcoin Strategic Reserve bill to establish a national fund for Bitcoin. This bill could potentially reshape the U.S. government's approach to cryptocurrency and combat inflation. The post Senator Lummis Hints at U.S. Strategic Bitcoin Reserve, Echoing Trump's Crypto Promises appeared first on Cryptonews.
Bitcoin exchange-traded funds (ETFs) experienced significant outflows totaling $541 million in early November, driven by heightened volatility in the crypto market as U.S. election results loom. With uncertainty surrounding potential political shifts, investors have been cautious, pulling back from BTC ETFs amid the market's fluctuations.
Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.