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 […]
Crypto Market Sees $350M in Liquidations as Bitcoin Falls Below $69K
The crypto market saw nearly $350 million in liquidations as Bitcoin briefly dipped below $69,000, reflecting a surge in trader uncertainty ahead of the U.S. presidential election on Nov. 5. According to CoinGlass data, Nov. 3 saw a total of $349.8 million in liquidations, split between $259.7 million in long positions and $90.1 million in […]
Ethereum Today Mirrors Amazon’s Early Days, Says 21Shares
A crypto research analyst from 21Shares has drawn an intriguing parallel between Ethereum and Amazon in its early days. According to this comparison, just as Wall Street initially overlooked Amazon’s transformative potential in the 1990s, investors today may be underestimating Ethereum’s long-term value. While spot Ether exchange-traded funds (ETFs) launched in July, they’ve garnered less […]
Crypto Market Turbulence Likely if US Election Outcome Remains Unclear, Says FalconX
With the U.S. election approaching, many crypto traders are watching the markets closely, anticipating how the results might impact prices. However, one analyst cautions that if the election outcome remains uncertain due to a close race, this could unleash unexpected price swings. FalconX’s head of research, David Lawant, highlighted in a Nov. 1 market report […]
SafePal Introduces Telegram Crypto Wallet with Integrated Visa Card Support
Self-custodial wallet provider SafePal has launched a Mini Wallet App within Telegram, bringing new crypto features to over 950 million Telegram users. Unveiled officially on Nov. 2 at the TON Gateway event, this app offers users the ability to create “fully compliant bank accounts” overseen by Swiss regulations. The wallet, which integrates principles of centralized-decentralized […]
21Shares Submits Form S-1 to SEC for Spot XRP ETF Proposal
Asset management firm 21Shares has submitted a request to the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF). On Nov. 1, 21Shares filed a Form S-1 with the SEC for its Core XRP Trust, intending for shares to be traded on the Cboe BZX Exchange. Rather than offering direct […]