Such FUD-induced trends often mark reversal points, with past patterns showing resilience following similar market uncertainty.

Ethereum (ETH) has established a relationship with the S&P 500 index, a correlation that points to a record-high price target for the second-ranked cryptocurrency by market capitalization.

Bitcoin's mining difficulty hit a new record of 101.65 trillion on November 5, reflecting heightened miner activity and a 40% increase in mining difficulty for 2024.

The latest market analysis suggests that if Bitcoin's MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025.

The Bitcoin continues to see a lot of noise over the last few sessions, as the market will continue to look at the inflation battle, and the fact that the US elections, as well as the Fed interest rate decision, as on tap this week.

Here is a 2-minute breakdown of everything important that happened in crypto today.

Solana is trading above a critical demand level of around $157, showing signs of a potential bounce after a recent pullback. This critical level has held firm despite market volatility, and now all eyes are on Solana as it attempts to regain bullish momentum.

The UK pension scheme allocates 3% to Bitcoin, signaling growing institutional adoption of crypto.

This milestone intensifies the challenge for miners, as escalating difficulty drives up operational costs and pressures profit margins.

Bitcoin‘s (CRYPTO: BTC) price direction may shift significantly based on whether Donald Trump or Kamala Harris win the 2024 presidential election. Experts told Benzinga that the race appears to be split evenly and that market sentiment has already factored in a possible Trump victory, which could see Bitcoin experience a significant rally.

Medical tech company Semler Scientific intends to purchase more Bitcoin, according to Chairman Eric Selmer.

Bitcoin steady at $68K as Fundstrat's Tom Lee forecasts a market rally post-U.S. election. Will BTC's upward momentum hold? Learn more. The post Bitcoin Price Set to Surge as Fundstrat's Tom Lee Predicts Market Rally No Matter Who Wins US Elections appeared first on Cryptonews.

Other key indicators suggest that Bitcoin's long-term floor price is above $40,000.

Ethereum faces selling pressure from whales amid election-related uncertainty. Institutional demand for Ethereum ETFs remains weak, impacting price recovery.

Today marks a significant moment with the U.S. elections taking place, and it's a day that many have been anticipating. Over the next few days, more clarity is expected on the market direction, particularly in how the election results will impact both the stock and crypto markets.

The final boss is going to work with polls now open in America as the rest of the world watches what century they choose.

TL;DR P2P.org launched the “Operator Allocation Share” program in EigenLayer, allowing its delegators to claim part of a total reward of 828.08 ETH. The platform developed a “Risk Engine” and a rewards management tool to improve security and accessibility in EigenLayer. P2P.

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Uncertainty over who will lead the U.S. has led to near record outflows from Bitcoin ETFs.

The positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of over 750 EH/s last week.

Bitcoin's price once again failed to reach a new all-time high last week. However, the bull market might be far from over.

Key Points:

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot exchange-traded funds (ETFs) experienced substantial net outflows on Nov. 4, with the former seeing a record $541 million outflow, marking the second-largest single-day outflow in history. The only higher single-day outflow was recorded on May 2, when $563 million exited Bitcoin ETFs.

Traders expect a 3.5% swing in bitcoin prices on U.S. election night, though analysts warn of post-election volatility if results face delays.

On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a hefty $541.07 million. Bitcoin ETF Outflows Hit $541 Million on Monday, Ethereum Funds Follow in the Red The 12 spot bitcoin ETFs faced a rough trading day, shedding a hefty $541.07 million in total outflows.

Bitcoin (BTC) shows strength and remarkable recovery after a panic selling on Monday that dropped the price by $2,000. The brief panic surged following Mt.

TL;DR Bitcoin miners Marathon Digital and Riot Platforms reported their highest monthly Bitcoin production since April 2024 halving, with Marathon producing 717 BTC worth $48.8 million and Riot mining 505 BTC worth $34.4 million.

After skyrocketing above $72,000 earlier last week, the Bitcoin price has experienced an unexpected crash below the $70,000 mark ahead of the US Presidential elections. Reports have cited the influence of whales and the upcoming results of the US Presidential elections as catalysts to this price decline.

Analysts projecting a $50K - $90K BTC target in the short-term based on U.S. elections winner.

Amid the heightened hype of the U.S. 2024 elections, which has seen pro-crypto presidential candidate Donald Trump lead in major polls, Bitcoin's (BTC) price has signaled short-term bearish sentiment. The flagship coin has dropped over 4 percent in the past seven days to trade above a crucial support level of about $68.

Defunct cryptocurrency exchange Mt. Gox transferred approximately 32,371 BTC, valued at around $2.19 billion, to unmarked wallet addresses on Monday evening.

Solana (SOL) has been on a remarkable upward trajectory, but a recent strategic sell-off by a prominent whale has drawn attention to the cryptocurrency's price dynamics. The whale, who had been accumulating SOL for months, recently sold 265,070 SOL worth approximately $43.96 million, raising questions about how such large transactions affect the broader market.

Bitcoin's mining difficulty has reached a historic 101.65 trillion (T), posing significant challenges for small-scale miners. The latest increase in difficulty reflects a surge in computational power required to mine new Bitcoin blocks, intensifying competition across the industry.

Sebastian Serrano, CEO of the Argentina-based cryptocurrency exchange Ripio, has predicted that bitcoin will reach $1 million by 2030, driven by the rise of U.S. public debt and the devaluation of the U.S. dollar.

Did you hear that Grayscale just listed three Solana ecosystem coins on their ‘under consideration' list? Yeah, that's right.

TL;DR Bitcoin ETFs in the U.S. saw substantial outflows of $541.1 million on November 4, 2024, marking the second-largest single-day outflow on record, just before the U.S. presidential election. The significant outflows reflect market caution as Bitcoin's price dipped to $68,000, with traders concerned about election-driven volatility and political dynamics.

Sui (SUI) is making waves, pulling in a net flow of $24.3 million and outshining giants like Ethereum (ETH), which only pulled in $9 million, according to Mysten Labs' co-founder Adeniyi Aboidun. But here's the kicker - both Sui and Ethereum are currently stuck in a consolidation rut, leaving investors scanning the horizon for fresh, high-growth opportunities.

Bitcoin has been making waves in the crypto market lately, with its volatility soaring to levels not seen in three months. As the U.S. election looms, market observers are questioning what's behind this spike and whether it signals a rise in Bitcoin's price—or if the volatility could lead to sharp price drops.

U.S.-listed spot Bitcoin ETFs witness their second-largest single-day net outflows since trading began in January.

A crypto co-founder was robbed in Bangkok while traveling there to attend the 2024 Ethereum Devcon conference. Haichao Zhu, co-founder of Bitcoin application Rooch Network, urged Ethereum Devcon attendees to exercise caution in a Nov.

Rooch Network co-founder Haichao Zhu was robbed at knifepoint in Bangkok shortly after arriving for Ethereum's Devcon conference, highlighting safety concerns for attendees and urging caution while navigating the city, especially at night. The post Ethereum Devcon Attendee Falls Victim to Violent Robbery in Bangkok appeared first on Cryptonews.

Microsoft is under the magnifying glass of its shareholders, who will soon vote on whether to invest in bitcoin.

Bitcoin's maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin's evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy.

Traders are braced for the Fed and China to feed into a "perfect storm" for the bitcoin price in the fourth quarter

A company called Cartwright, which specializes in helping pension plans make smart financial choices, helped make this big decision. In October, an unnamed pension fund chose to put 3% of its money into Bitcoin.

Although the Bitcoin options market is experiencing low volatility, analysts expect the volatility structure to change before the end of the week.

As the U.S. election looms, crypto investors are bracing for potential turbulence that could jolt major tokens like Bitcoin and Solana. 10X Research, led by Markus Thielen, has pitched a strategic “pair trade” to help investors navigate this storm: go long on Bitcoin (BTC) and short on Solana (SOL).