The Japan-based investment firm continues to stack BTC, staying true to its bold vision.

In a new YouTube video titled “There Is No ETF Paper Bitcoin,” Fred Krueger, an investor at the crypto hedge fund 2718.fund, delved into the growing concerns surrounding US spot Bitcoin Exchange-Traded Funds (ETFs) and their impact on the cryptocurrency's price. Krueger aimed to dispel the fear, uncertainty, and doubt (FUD) that have been circulating about “paper Bitcoin”—the notion that ETFs might be selling Bitcoin they do not actually possess—and to explain why Bitcoin's price has not surged as dramatically as some might expect, despite significant ETF purchases.

Bitcoin has recently shown a recovery back above the $68,000 mark. Here's who could be behind this rally, according to on-chain data.

Bitcoin has blown past $70,000 again after months of struggle. Will it hit a new all-time high ahead of the election?

Matthew Sigel, head of digital assets research at VanEck, has projected that Bitcoin could reach a value of $3 million by 2050. In his analysis, he predicted that Bitcoin would become a reserve asset, owned by central banks with a 2% share to strengthen the global economic system.

The firm's $10 million BTC buy signals its commitment to the cryptocurrency as its holdings now exceed 1,000 BTC.

Bitcoin has topped $70,000, its highest price since June after US-based ETFs surpassed total joint lifetime net inflows of over $22 billion.

The price still remains below its record high of $73,700 hit in early March of this year.

October saw unexpected price dips for Bitcoin and altcoins. Analysts highlight market unpredictability amid economic and regulatory pressures.

VanEck's head of digital assets research, Matthew Sigel, connects Bitcoin's recent rise to election-driven shifts and increased money supply, noting a potential post-election catalyst for further gains. The post Matthew Sigel Predicts Bullish Setup for Bitcoin as U.S. Election Looms appeared first on Cryptonews.

Ripple (XRP) has recently experienced a wave of selling pressure, especially as it neared the crucial resistance zone around the $0.55 mark, which is defined by the 100-day and 200-day moving averages. This resistance has proven formidable, leading to a sharp decline in the asset's price.

The Defend American Jobs political action committee has spent more than $40 million on media buys supporting businessman Bernie Moreno's Senate run.

Retail investors account for approximately 80% of the total assets in spot Bitcoin ETFs.

Howard Lutnick, the billionaire chief executive of Cantor Fitzgerald, hailed Donald Trump as the best choice for rich America. He underlined that one of the good sides of a former president is that he took care of the American worker and growth in America, but also him being a crypto advocate and wanting to implement

Ethereum (ETH), the world's second-largest cryptocurrency by market cap appears bullish and is poised for a notable upside rally due to its bullish price action and favorable on-chain metrics. In addition to this, whales and investors have moved a significant amount of ETH from the exchanges in the past week.

Cryptocurrency markets are trading higher as Donald Trump‘s election odds continue their rally. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $69,526.75 +2.6% Ethereum (CRYPTO: ETH) $2,506.32 +0.7% Solana (CRYPTO: SOL) $176.00 -0.4% Dogecoin (CRYPTO: DOGE) $0.1577 +11.6% Shiba Inu (CRYPTO: SHIB) $0.0000178 +4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 11.1% and daily active addresses falling by 11.6%.

In just the past week, more than $750 million worth of Ethereum has been withdrawn from major crypto exchanges.

Bitcoin's open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened.

Bitcoin (BTC) adoption is following a pattern similar to the videogame industry, with younger investors increasingly embracing the crypto while older generations gradually exit, according to VanEck's head of digital assets research, Matthew Sigel. Speaking on CNBC's “Squawk Box” on Oct.

Market analyst Justin Bons has stirred conversation with his recent statements on Ethereum, expressing skepticism about its future. Bons, a vocal figure in the crypto space, points to issues around Ethereum's approach to scaling and what he describes as a shift away from its original vision.

The king coin's direction hinges on key economic data and trends.

Ripple vs SEC lawsuit: Ripple Labs executives Brad Garlinghouse and Chris Larsen have hired key attorneys to dismiss claims again in the XRP lawsuit. Meanwhile, the U.S. Securities and Exchange Commission has requested the second circuit court to set January 15, 2025 as the deadline for its principal brief regarding the appeals.

Ethereum (ETH) has demonstrated impressive resilience in the face of mounting fears, often referred to as FUD (fear, uncertainty, and doubt), which have plagued the cryptocurrency market in recent weeks. While the digital asset has struggled to keep pace with competitors like Bitcoin (BTC) and Solana (SOL), recent analyses suggest that ETH may be on the brink of a turnaround.

Amid a tight matchup between bulls and bears, the crypto market has looked indecisive in recent months.

Ethereum (ETH) has witnessed a decline in demand over the past few months. Due to this slowdown in blockchain activity, the Ether burn rate has been reduced.

Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

Key Bitcoin (CRYPTO: BTC) indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin's trajectory. What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.

Former Ripple executive and crypto enthusiast Matt Hamilton has suggested that XRP may soon outpace Bitcoin as the leading cryptocurrency.

Ethereum's exchange reserves have seen a sharp decline, hinting at growing investor confidence in holding ETH long-term.

Emory University invested $15.8 million into Grayscale's Bitcoin Mini Trust. According to ETF analysts, every type of institutional investor eligible to buy a Bitcoin ETF has now done so.

Japanese firm Metaplanet has acquired an additional $10 million in Bitcoin (BTC), bringing its total holdings of the flagship crypto to over $1,000 as it continues with its October BTC shopping spree.

While Bitcoin has posted strong gains in 2024, the MSTR share price has far outperformed the cryptocurrency.

The largest stock exchange in Hong Kong has announced that it will launch a new crypto index to meet the increasing demand for digital assets. In a new announcement, Hong Kong Exchanges and Clearing Limited (HKEX) says it will launch its own “Virtual Asset Index Series” on November 15.

Ethereum (ETH) co-founder Vitalik Buterin has slammed critics who call out the Ethereum Foundation for selling ETH. In an X post, Buterin noted that the funds raised from ETH sales went towards supporting the Ethereum blockchain.

Tokyo-listed Metaplanet Inc. has announced a significant expansion of its Bitcoin (CRYPTO: BTC) holdings with an additional purchase valued at approximately $10.4 million, further establishing its presence in the digital asset market. What Happened: The recent acquisition, totaling 156.783 BTC at an average price of $66,575 per Bitcoin, brings Metaplanet's total Bitcoin holdings to over 1,018 BTC, currently valued at around $67.1 million.

Emory University, a private research institution based in Atlanta, Georgia, has recently made headlines by disclosing a $15.8 million investment in a spot Bitcoin exchange-traded fund (ETF).

One month ago, ethereum liquid staking derivatives (LSD) protocols collectively held 14.08 million ETH, crossing the 14 million milestone. Since then, these protocols have scooped up an additional 60,000 ETH. Ethereum's Liquid Staking Surge Ethereum liquid staking has skyrocketed in popularity recently, with protocols now securing 11.74% of the total 120,401,221 ETH in circulation.

While Bitcoin miners show record confidence today, growing third-party involvement threatens the network's future.

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The overall market is currently struggling and investors seem to hesitate while bidding on any cryptocurrency due to strong market volatility. Amid this, Japanese investment giant, Metaplanet has captured market attention with its latest strategy ahead of the United States presidential election. Metaplanet's 156.

The cryptocurrency market is regaining traction as Bitcoin surges past the crucial $69K level, with investors anticipating a potential $70K breakthrough. As Bitcoin rallies, certain altcoins are positioned for significant upward movement, potentially offering robust returns in the coming days.

A solo Bitcoin miner has hit the jackpot, securing a staggering $222,000 by successfully processing a block on the Bitcoin network. This remarkable feat shines a spotlight on the unpredictable and often exhilarating world of cryptocurrency mining, where individual miners can occasionally achieve what typically falls to large, powerful mining pools.

MicroStrategy's stock surge highlights the potential for significant gains in crypto-linked equities, reflecting broader market optimism. The post MicroStrategy stock hits new high as Bitcoin soars to $69,000 appeared first on Crypto Briefing.

Avi Zurlo, who took the reins at the Nil Foundation on Monday, will lead initiatives to make zkProofs more accessible for developers on Ethereum and help scale the network through sharding.

Bitfinex report predicts the US election could drive Bitcoin price beyond $73,666 due to increased options activity and market volatility. The post Bitfinex says US election could push Bitcoin beyond its all-time high of $73,666 appeared first on Crypto Briefing.

Crypto funds saw $901 million in inflows this October, with Bitcoin leading, as the election climate drives a bullish case.

The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.