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.

The bounce from $0.5 was a sign that sellers were likely exhausted, but it is unclear if the buyers have the strength right now to reverse the momentum.

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.

The cryptocurrency market witnessed a sudden surge in buying pressure during the United States presidential election on Tuesday. The pioneer digital currency, Bitcoin, teased a bullish breakout of the $70,000 barrier, uplifting the recovery momentum in the altcoin market.

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.

The U.S. elections are set to make a significant impact not only on politics but also on the cryptocurrency market, particularly on XRP. Currently, XRP is trading around $0.5072, showing a modest increase of 0.1% in the past day.

Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.

Despite Michigan pension fund's new move, the total cumulative flows into ETH ETFs continue to remain negative.

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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.

Ethereum (ETH) price is showing signs of weakening strength as polls open across most of the US.

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.

Solana continues to demonstrate its robust stance in the broader blockchain sector following a recent significant increase in on-chain activity, with transaction volumes and user engagement rising massively across its network. Generally, SOL's market performance may benefit from this substantial growth, which could indicate persistent network scalability and health.

Bitcoin retests $70K in a wild rally as investors await the U.S. presidential election results.

Shiba Inu (SHIB) faced downward pressure on Monday, slipping 1.71% over the past 24 hours to $0.00001678 amid broader market consolidation.

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.

Following the breakdown, the price has once again moved back within the bullish pattern and is poised for an upside rally.

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.

The highly anticipated US presidential has arrived, and market onlookers are keenly awaiting the results. The crypto market has been bullish today, with BTC breaking through the crucial $70,000 level.

Michigan's move to increase Ethereum investments comes amid a wave of crypto interest among U.S. state pension funds.

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 Cardano (ADA) price is set for major volatility as the outcome of US election day looms and the discussion surrounding the Cardano Foundation's budget proposal heats up. The post Cardano Price Set for Major Volatility as Foundation Plans 500M ADA Sell – What's Going On? appeared first on Cryptonews.

President of The ETF Institute, Nate Geraci, says the upcoming election will profoundly impact the future of crypto ETFs. The approval of new spot ETFs for assets such as Solana, XRP, and Litecoin is of particular interest.

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.

SHIB's detailed proposal to Kamala Harris & Donald Trump on election day accelerates a 8% rally for the canine crypto.

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.

The cryptocurrency market is always in motion, but recent developments in popular coins like Tron (TRX), Solana (SOL), and XRP are catching the eyes of traders and investors. While some coins are struggling, others are showing signs of hope.

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.

XRP price has recovered above the $0.50 support amid massive whale transfers from South Korea's Bithumb exchange. In the past hour, over 1.6 billion XRP tokens, valued at approximately $814 million, were moved from the exchange to unknown wallets.

Solana (SOL) price, a layer-1 blockchain network token, is currently locked in a consolidation pattern, reflecting the broader market's sluggish momentum. Despite minimal movement, subtle signs hint at a potential upward trend for the coin.

As cryptocurrency trends point to a bullish year in 2025, investors are paying close attention to the XRP price and another fast-rising altcoin, ETFSwap (ETFS). Predictions for the XRP price show a projected increase of up to 450%, while ETFSwap (ETFS) could potentially rally 14,000% to reach new all-time highs.

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.