BlackRock Bitcoin ETF Hits Record with $4.1B in Single-Day Trading Volume
BlackRock’s Bitcoin ETF just saw its highest-ever trading volume, following Donald Trump’s recent U.S. presidential election win. Bloomberg ETF analyst Eric Balchunas posted on X on Nov. 6, noting that the iShares Bitcoin Trust (IBIT) experienced its “biggest volume day ever,” surpassing $4.1 billion in trades on that day. Balchunas highlighted the significance, adding, “To […]
Elon Musk’s Wealth Skyrockets by $20 Billion Following Trump Election Victory
Tesla CEO and billionaire Elon Musk’s wealth jumped dramatically, adding over $20 billion to his net worth after Donald Trump won the U.S. presidential election. Musk, a key Trump supporter, saw a 7.5% gain in his net worth in just one day, boosting it to $285.6 billion, according to Forbes. Tesla shares also soared, closing […]
Bitcoin Awaits FOMC Impact with Price Tightening Just Under New $76.5K High
Bitcoin is holding steady at $75,000 on November 7 as markets brace for a major economic event in the United States. Bitcoin trader sees “underlying market shift” Bitcoin’s price recently reached a new all-time high of $76,480 on Bitstamp before experiencing a slight pullback, as confirmed by data from TradingView. Following the conclusion of the […]
BlackRock Bitcoin ETF Hits $1B Trading Volume Moments After Election Day
More than $1 billion worth of BlackRock’s Bitcoin ETF shares were traded in the initial minutes following Donald Trump’s victory in the U.S. presidential election on November 5, as per Bloomberg data. With Trump, a known supporter of cryptocurrency, poised to begin his second term on January 20, analysts forecast continued growth in Bitcoin’s value. […]
Bitcoin Soars Toward $75K – Key Price Levels to Watch on the Next Leg Up
Bitcoin has re-entered price discovery mode as anticipation of a potential Donald Trump win in the U.S. presidential election drives BTC price up by 8%. Bitcoin Bull Market Support Levels in Focus Data from TradingView shows Bitcoin reaching an all-time high of $75,397 on Binance. Market analysts are now watching crucial support levels that Bitcoin […]
Bitcoin Surges to Record $75K as Trump Gains Early Edge in Election Race
Bitcoin hit a new record high, surpassing $75,000 on Nov. 6, as it surged past its previous peak of $73,800 from March. This increase came amid growing investor interest in crypto, driven by early election updates in the United States that indicated Donald Trump was leading. As the New York market opened, Bitcoin (BTC) gained […]
Bitcoin price outlook hinges on 2024 US election outcome
Bitcoin’s price could see a surge in volatility after the U.S. presidential election, and analysts suggest this could positively impact its price outlook. Early on election day, at 8:05 am UTC, Bitcoin remains well below its previous all-time high of $69,000. This subdued price movement reflects a cautious market sentiment as investors await election results, […]
Bitcoin Holds Steady as Market Awaits Election Uncertainty
Bitcoin’s price fluctuations, often a barometer of the cryptocurrency market’s overall sentiment, have slowed as traders brace for potential impacts from the U.S. election. Analysts at Bitfinex suggest this could indeed be the “calm before the storm.” In a recent market update titled “Calm Before the Storm?” Bitfinex analysts highlighted that Bitcoin’s implied volatility — […]
Bitcoin ETFs See Major Daily Outflows Ahead of Election Day
On the eve of a major election, U.S.-based Bitcoin exchange-traded funds (ETFs) recorded their second-largest daily outflows, marking a substantial reduction in holdings as investors brace for potential market shifts. Data from CoinGlass shows that on Monday, Nov. 4, a net outflow of $541.1 million was reported across 11 spot Bitcoin ETFs, with BlackRock’s iShares […]
Top 5 Bitcoin Highlights to Watch This Week
1. BTC Price Struggles With Old Resistance Bitcoin faced resistance over the weekend, falling below $67,500 after peaking at $73,500 last week. Bulls struggled to regain momentum amid the dip. As the U.S. Presidential Election nears, volatility is expected to heighten. Popular trader Skew highlighted two key market liquidity areas: support around $67K-$65K and resistance […]