Bitcoin’s fair value: BTC may never fall below $60K, says economist
[Nov 5 2:07 PM] Other key indicators suggest that Bitcoin’s long-term floor price is above $40,000.
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Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?
[Nov 5 1:20 PM] 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…
First Mover Americas: Crypto Market Little Changed as U.S. Votes
[Nov 5 1:03 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Price Crash Below $70,000: What Does It Have To Do With Whales And The US Presidential Elections?
[Nov 5 1:00 PM] 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…
Hellish US Debt Scenario Could Propel Bitcoin to $1 Million by 2030
[Nov 5 12:30 PM] 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. CEO Believes Bitcoin May Reach $1…
Bitcoin Mining Difficulty Tops 100T for First Time, Piling Pressure on Small Miners
[Nov 5 11:23 AM] The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
Long Bitcoin Short Solana Preferred Tactical Trade Heading Into U.S. Election: 10X Research
[Nov 5 10:14 AM] Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.
Bitcoin price outlook hinges on 2024 US election outcome — Analysts
[Nov 5 9:04 AM] Post-election price volatility could set the stage for Bitcoin’s rally to a record high above $73,800.
Bitcoin price needs 2 months to return 'above macro trend' — Forecast
[Nov 5 7:13 AM] BTC price strength will be back with a vengeance early in 2025, analysis predicts, but the US Presidential Election will bug Bitcoin bulls until Inauguration Day.
Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory
[Nov 5 7:00 AM] As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. …
Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
[Nov 5 6:28 AM] "It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME.
Record-Breaking 3% Bitcoin Investment By UK’s Cartwright Fund: Largest BTC Allocation To Date
[Nov 5 6:00 AM] Cartwright, an independent business and specialist pension scheme advisor, urges UK institutional investors to embrace Bitcoin following the nation’s first allocation to a defined benefit (DB) scheme. Cartwright’s New Allocation Strategy In…
UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto
[Nov 5 5:30 AM] A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges. Rethinking Retirement: Bitcoin’s Intriguing New Role in UK…
US Bitcoin ETFs notch second-largest daily outflow on eve of election
[Nov 5 4:55 AM] The 11 US spot Bitcoin ETFs recorded a net outflow of $541.1 million for Nov. 4, their second-largest outflow day in history.
Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next?
[Nov 5 4:30 AM] Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the…
BTC Drops Under $68K as Mt.Gox Sends $2.2B Bitcoin to Two Wallets
[Nov 5 3:16 AM] A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.
Bitcoin ETFs Surpass 1 Million BTC Holdings In Less Than A Year Since Launch – Details Inside
[Nov 5 3:00 AM] Bitcoin (BTC) exchange-traded funds (ETFs) have collectively acquired over one million BTC in less than a year since their launch, reflecting strong demand for the digital asset among investors. Bitcoin ETFs Surpass One Million BTC Milestone…
Bitcoin Price Decline Worsens: Could It Be Setting Up for Major Reversal?
[Nov 5 2:55 AM] Bitcoin price is struggling below the $69,500 zone. BTC is showing signs of weakness and upsides might be capped near the $69,200 level. Bitcoin started a fresh decline from the $70,000 zone. The price is trading below $70,000 and the 100 hourly…
$3M Bitcoin Forecast: Vaneck’s Model Sees Central Bank BTC Adoption
[Nov 5 2:30 AM] Bitcoin could reach $3 million, according to asset manager Vaneck, with a model showing its potential as a reserve asset held by global central banks. Bitcoin as Central Bank Asset? The $3M Target Driving Big Conversations Matthew Sigel, head of…
Semler Scientific ‘laser-focused’ on buying Bitcoin, says CEO
[Nov 5 1:42 AM] Medical device firm Semler Scientific has spent $71 million to buy 1,058 Bitcoin, adding another 181 Bitcoin to stash over Q3 and into the start of November.
Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target
[Nov 5 1:30 AM] The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the…
Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash
Bitcoin Open Interest Dropped Significantly – Investors Cautions Amid US Election Week?
[Nov 5 12:00 AM] Bitcoin has faced significant volatility and uncertainty as it approaches a pivotal week, with tomorrow’s U.S. election expected to play a key role in determining its price action. BTC is holding steady above the $68,000 mark, a critical level that…
Bitcoin Going Higher Irrespective of Election Outcome: Scaramucci’s Insight Goes Beyond 2024
Bitcoin Poised for Big Moves: What Experts Predict Ahead of the 2024 US Election
[Nov 4 10:30 PM] As the 2024 U.S. election draws near, the crypto community is abuzz, eagerly watching to see how bitcoin will respond. Many industry insiders are keen to share their perspectives on what might unfold in this dynamic landscape. Crypto Market Braces…
Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival
[Nov 4 10:30 PM] Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable…
UK-based pension scheme makes 3% Bitcoin allocation
[Nov 4 9:12 PM] Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.
Bitcoin Price Poised For $75,000 As Trump-Harris Race Tightens: QCP
[Nov 4 9:00 PM] The Bitcoin price has posted five consecutive red daily candles since it stopped just short of its all-time high at $73,620 last Tuesday. As a result, the BTC price has fallen by around 7%. This decline is evident on the weekly chart, which shows a…
US Bitcoin Reserve Proposal: A New Weapon for Economic Stability
[Nov 4 8:30 PM] The Bitcoin Policy Institute (BPI) has released a report advocating for a strategic bitcoin reserve (SBR) to strengthen U.S. economic stability and global influence. Titled “Digital Gold: Evaluating a Strategic Bitcoin Reserve for the United…
Internet Computer cross-chain protocol usage up 13x amid Bitcoin DeFi boom
[Nov 4 7:53 PM] Network activity across all Internet Computer protocols has increased 150% year-over-year, according to Dfinity.