Category: Bitcoin News

Bitcoin, political meme coins explode as Trump wins election race

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump’s election win and Bitcoin’s all-time high spark a surge in political meme coins like Pepe Trump and FreeDum Fighters, creating new trading opportunities. A Trump victory has been confirmed in the U.S. election, with Bitcoin hitting a new all-time high. Traders are now cashing in by betting on political-themed meme coins. The sector has experienced a rally today, reaching a total valuation of $571 million. Trump confirmed as…

This Metric Points to Rotation From Gold to Bitcoin

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“Analyzing the BTC to gold ratio, we can see that the downtrend [indicative of gold’s outperformance since March] is starting to reverse. Globally, investors will increasingly focus on hedging against currency debasement and capitalizing on the Trump market play, both of which favor BTC,” Noelle Acheson, author of the Crypto Is Macro Now newsletter said. Original

Bitcoin ETFs log $621.9m inflows as BTC hits all-time high of $76K

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Spot Bitcoin exchange-traded funds in the U.S. recorded $621.9 million in net inflows on Nov. 6 as Bitcoin reached an all-time high of over $76,000. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw net positive inflows on Monday, breaking a three-day outflow streak in which $712.9 million exited the funds. Fidelity’s spot Bitcoin ETF, FBTC, led the inflow surge with $308.77 million added to its holdings, breaking a four-day inflow streak. ARK 21Shares’s ARKB, Grayscale Bitcoin Mini Trust, and Bitwise BITB assisted with inflows of $127 million,…

Bitcoin (BTC) Price Hits $76K as Crypto Liquidations Soar, Coinbase (COIN) Rockets 30% Higher on Trump Sweep

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“It’s hard to think how the election outcome could have landed better for the industry, and expectations of key regulatory improvements are likely to build in the coming months and quarters,” David Lawant, head of research at crypto prime brokerage FalconX, said in a Wednesday report. “Such clarity could open room for additional crypto ETF products, covering the main crypto assets and potentially also a broader crypto index, and give entrepreneurs and investors more comfort in U.S. token launches.” However, Lawant warned of short-term risks in the meanwhile, which may…

Bitcoin, crypto stocks surge as Harris congratulates Trump

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Crypto stocks surged sharply on Nov. 6 as Donald Trump’s victory for a second term as U.S. president bolstered the market’s bullish outlook. While cryptocurrencies have ripped in the lead up to the election as betting odds showed Trump was headed for victory, things got juicy on Election Day. Bitcoin (BTC) shot to above $75,000 before taking a breather. The Trump trade, which relates to conviction that markets would rip if the Republican candidate won, engulfed not just the top coin, but also altcoins. Ethereum (ETH) has jumped above $2,700,…

Trump victory creates over 11k new Bitcoin millionaires

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Donald Trump’s 2024 election victory has created over 11,000 new Bitcoin millionaires. According to data from Finbold, the number of Bitcoin wallets valued at $1 million or more rose to 132,842 on November 6, as Bitcoin prices increased by 7.8% in just 24 hours. Last month, there were 121,061 Bitcoin addresses worth over $1 million. This figure has now grown by 11,487 wallets, indicating significant wealth gains among Bitcoin holders, per Finbold. Let’s be absolutely clear, the anti-Bitcoin movement died last night. The USA will be the most pro-Bitcoin nation…

Bitcoin Mining Stocks Skyrocket as Trump’s White House Win Sparks Crypto Rally

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After last week’s turbulent period, publicly traded bitcoin mining companies rebounded on Wednesday, celebrating a strong performance as Trump clinched the White House. Bitcoin Mining Stocks See Explosive Gains On Nov. 6, bitcoin mining stocks rallied, riding high alongside bitcoin, which hovered at $74.6K by 9:40 a.m. ET on Wednesday. MARA Holdings (MARA), boasting the […] Original

As Trump win sends Bitcoin to ATH, Dogizen raises over $1.2M

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Donald Trump confirmed as President-Elect, sparking crypto surge. Bitcoin hits new ATH at $75K, with broader market up nearly 10%. Donald Trump is confirmed as the President Elect of the United States, and markets have responded to Trump’s pro-crypto stance by sending Bitcoin to a new all-time high (ATH) at $75k. The broader crypto market has risen nearly 10% in accordance, and Dogizen has been no exception. The Telegram…