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
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
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,…
Bitcoin’s movement held steady over the past hour, trading between $68,856 and $69,156 in a tight range. Bitcoin On the 1-hour chart, bitcoin is facing resistance at $69,444, with support near recent lows of $67,459. This range, paired with low volume, signals a period of consolidation. Traders might consider buying around $67,500 if support holds […] Original
Deutsche Telekom’s MMS and Bankhaus Metzler are piloting Bitcoin mining to tap surplus renewable energy and stabilize Germany’s grid. Deutsche Telekom subsidiary MMS and Bankhaus Metzler, Germany‘s second oldest bank, have launched a pilot project to explore the use of surplus renewable energy for Bitcoin (BTC) mining, aiming to gather field data that could help stabilize Germany’s energy grid. In a Monday press release on Nov. 4, Deutsche Telekom said that the project will be powered by electricity from “renewable energy sources, which would otherwise remain unused due to insufficient…
Bitcoin and other major cryptos traded little changed on the final day before the U.S. presidential election. BTC edged back toward $69,000, around 0.8% higher in the last 24 hours. The broader digital asset market was more muted, rising less than 0.5%. From being a few dollars away from a new record last week, bitcoin pulled back to a low of $67,600 on Sunday, seemingly in tandem with a retreat in the more pro-crypto Donald Trump’s chances of election victory. With only hours remaining before the first polls open in…
It’s been a rough week for bitcoin mining stocks, as nine out of the top ten publicly listed miners have seen declines ranging from 2.07% to 19.65%. This Week Applied Digital Leads Declines in Bitcoin Mining Sector, Hut 8 Only Gainer With just two days to go before the U.S. election, crypto markets are heating […] Original
Este artículo también está disponible en español. Speculations about the Bitcoin bull market being over have been rife in the crypto market, particularly as the price has failed to reach its March all-time high of above $73,000. Providing a more compelling case to this narrative, a crypto analyst has released a Bitcoin bear case scenario that could see the pioneer cryptocurrency decline to $28,000. Bitcoin Bear Case Unveiled In an X (formerly Twitter) post, crypto analyst and Position trader Bob Loukas revealed a “Bitcoin bear case,” unveiling a more unorthodox…
In a surprising turn of events, Larry Fink, CEO of BlackRock, recently endorsed Bitcoin as an alternative to gold. This high-profile endorsement from one of the world’s largest asset managers marks a pivotal moment for Bitcoin and could reshape how institutional investors view digital assets. But what does it really mean when an industry giant like BlackRock steps into the crypto arena? Is Bitcoin Really the New Gold? Larry Fink’s recent declaration, “we believe Bitcoin is an asset class in itself. It is an alternative to other commodities like gold,”…
While volatility is price-agnostic, recent flows in the options market suggest bullish expectations. Source