Nearly 90% of all futures bets were bullish, or expecting higher prices over the weekend ahead of the U.S. elections on November 5. Market conditions in the past few weeks, including global monetary policies and U.S. political support, indicated a continued bullish trend, with some traders targeting $80,000 for BTC in the coming weeks. Source
Ryan Lee, the chief analyst at Bitget Research, observed that while Bitcoin exchange-traded funds play a major role in driving demand, multiple factors are contributing to Bitcoin’s momentum. Since January 2024, when spot Bitcoin (BTC) ETFs began trading in the U.S., the market has witnessed massive inflows. These investment products have accumulated over $24 billion in net flows—with $5.4 billion in net inflows in October alone. However, Lee told crypto.news that ETFs are not solely responsible for Bitcoin’s bullish trend, as the asset retested the $73,000 mark amid an impressive…
On Oct. 31, BlackRock’s spot Bitcoin ETF, IBIT, recorded a notable $318.8 million in net inflows despite a 4% dip in Bitcoin’s price, which dropped to around $68,800. According to data from Farside Investors, the latest capital influx followed IBIT’s record-breaking performance just a day earlier on Oct. 30, when the fund attracted $872 million, eclipsing its previous peak of $849 million set in March. The fund’s weekly inflows have now surpassed $2.1 billion. Despite the significant net inflows into BlackRock’s IBIT, the 12 spot Bitcoin ETFs collectively recorded only…
“With this action, the SEC is continuing to indiscriminately assert that tokens are securities. While not specified in the notice, we believe its claims are targeting the listing and private sales of IMX in 2021,” Immutable said, referencing a blog post about a pre-launch private purchase of Immutable’s token IMX by Huobi Ventures Blockchain Fund. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. New PolitFi project FreeDum Fighters has raised $360k in presale, engaging voters with staking pools for two satirical candidates amid a heated U.S. election. New PolitFi crypto project FreeDum Fighters (DUM) has raised $360k in its ongoing presale. Voting is underway for the US elections, and over 55 million ballots have already been cast, marking one of the best-ever early turnouts in multiple states nationwide. With two polarizing candidates,…
Florida already holds about $800 million in crypto-related investments in its portfolio, but the state’s Chief Financial Officer Jimmy Patronis said he would “not be shocked to be able to see that growing under a Trump administration in the near future.” Source
Este artículo también está disponible en español. On Wednesday, BlackRock, the world’s largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January. Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock’s iShares Bitcoin Trust on Wednesday, marking a daily record for the fund. This influx highlights the strong demand for Bitcoin ETFs, with subscriptions for this nine-month-old product ranking among the highest globally for ETFs in…
Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term. SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar. The price is now trading below $172 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a decent upward movement if it…
The Reserve Bank of India has repatriated 102 tonnes of gold from the UK, bolstering domestic reserves as global instability fuels demand for secure assets. 102 Tonnes of Gold Returned: RBI Shifts Assets From Bank of England India’s central bank, the Reserve Bank of India (RBI), has returned 102 tonnes of gold from the Bank […] Source CryptoX Portal
For Binance, you need to prepare for about half a year just to get listed. The main tokens listed there are VC-backed, and their performance has been disappointing, often declining by 50% or more. If you bought a VC-backed coin at launch on Binance, you probably lost a lot of your investment. Source