At the same time, crypto investors are looking to reduce risk ahead of the U.S. election, driving bitcoin’s crypto-market dominance to a cycle high. Source
Day: November 4, 2024
What To Expect In The Final 24 Hours Before US Election
As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year. While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours. Bitcoin Price Expected To Swing 8% Post-Election The options market indicates the Bitcoin price could see price swings of approximately 8% in either direction following the election, a notable increase compared to…
Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target
Este artículo también está disponible en español. Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower. Amid this concern, however, prominent analyst Ali Martinez has shared an optimistic technical analysis, highlighting a strong risk-to-reward setup on the Ethereum chart. According to Martinez, the current level offers a compelling entry point, suggesting that Ethereum could see a significant upside if…
Bitcoin Braces for Major Volatility as US Election Nears
Bitcoin’s price is set for major volatility as the U.S. election approaches, with traders anticipating sharp moves based on whether Donald Trump or Kamala Harris wins the presidency. Market Watch: Bitcoin’s Volatile Path Amid Trump-Harris Election With the U.S. election just hours away, bitcoin (BTC) faces heightened volatility as the market anticipates a sharp reaction […] Original
The ‘Trump Trade’ Crypto Narrative is Overblown
Recent rises in bitcoin prices have led some to believe that Trump, should he win, will be great for the industry. But the reality may be more complicated, says Alex Tapscott. Source
As U.S. Votes, Bitcoin Flirts With $70k — Which Way Will It Break?
As the Fed meeting and elections loom, could Bitcoin finally surge past $70k, or are bearish forces too strong to let BTC rise? BTC teeters on the edge With the U.S. presidential elections just hours away, the crypto market is on edge, watching every tick of Bitcoin’s (BTC) price as it inches toward the critical $70k mark. BTC 6-month price chart | Source: TradingView As of Nov. 4, BTC is facing new resistance at the $70,000 level. Not long ago — on Oct. 29 — Bitcoin briefly soared to $73-74k,…
Crypto Exchange Kraken Announces Changes in Staffing Amid New CEO Appointment
US-based crypto exchange Kraken is hinting at reducing its workforce amid plans to change how it innovates and rolls out products for its users. In a statement, Kraken co-CEOs Arjun Sethi and Dave Ripley say the company is aiming to operate more efficiently to pursue its ambition of becoming the leading crypto exchange. “To continue forging our path ahead and put Kraken in contention to become the largest crypto platform in the world, we need to be leaner and faster.” Kraken says it is making structural changes after falling into a…
If U.S. Election is Disputed, Betting Markets Could Face ‘Hornet’s Nest’
In prediction markets, traders bet on verifiable outcomes of real-world events in specified time frames. Typically, they buy “yes” or “no” shares in an outcome, and each share pays $1 if the prediction comes true, or zero if not. (On Polymarket, bets are settled in USDC, a stablecoin, or cryptocurrency that trades one-to-one for dollars; other platforms, including Kalshi and PredictIt, pay out regular greenbacks.) Source
Andreessen Horowitz Donates $23M to Crypto Super Pac Fairshake for 2026 Elections
With a16z’s fresh contribution, Fairshake and its affiliated PACs – the Democrat-oriented Protect Progress and the Republican-oriented Defend American Jobs – now have $78 million in their coffers for the 2026 midterm elections. Crypto exchange Coinbase committed $25 million to Fairshake last week, and, according to a Fairshake spokesperson, the group has “$30 million in the bank.” Source
Shiba Inu’s Shibarium Sees Daily Transactions Surge To 4.68 Million, Will This Push SHIB’s Price Toward $0.00008?
Este artículo también está disponible en español. Shiba Inu’s ecosystem has been expanding rapidly in the past year, thanks in part to Shibarium, its layer-2 platform. Interestingly, recent data shows Shibarium has seen an impressive uptick in activity, with daily transactions reaching 4.68 million in the past 24 hours. At the time of writing, SHIB is trading at $0.00001677 and is back into the negative movement in both the seven-day and 30-day timeframes. However, the uptick in activity has given SHIB investors something to watch closely to see if this…