Tag: Bitcoin

Trump’s Polymarket lead weakens, Bitcoin drops to $68,000

boss

Polymarket data shows Republican presidential nominee Donald Trump’s lead over his Democratic opponent, Vice President Kamala Harris, has weakened but remains dominant. As per the data, the twice-impeached former president’s odds declined from 66.9% to 54%. Meanwhile, Harris has seen a substantial increase in her chances, rising from 33.5% to 46.1%. This shift reflects changing market sentiment as Election Day, Nov. 5, approaches. Source: Polymarket Built on the Ethereum blockchain, Polymarket allows its users to buy and sell shares in different real-world outcomes by betting a stablecoin (USDC), rather than…

Bitcoin May Slide To $65,000 As Critical Support Level Fails – Details

boss

The price of Bitcoin has experienced some instability in the last few hours declining by almost 3%. This negative price action drives more attention to the largest digital asset, especially with the US election fast approaching. While many analysts are now skeptical of Bitcoin’s immediate movements, pro-trader Justin Bennett already issued a cautionary insight into the asset’s future. Bitcoin Breaches Crucial $69,000 Support Zone In an X post on November 1, Bennet shared an analysis of the BTC market, proclaiming the dip below $70,000 as a concerning development. Notably, the…

Bitcoin Technical Analysis—BTC Struggles Near $68K as Mixed Signals Emerge

boss

Bitcoin’s price currently holds steady coasting between $67,945 to $68,149 in the last hour as sellers maintain their grip, with technical indicators and moving averages showing mixed signals for traders. Bitcoin On the daily chart, bitcoin (BTC) has experienced a pullback after reaching a peak around $73,600, now settling close to $68,149. Recent daily candles […] Original

Spot ETFs Fail To Ignite Bitcoin Growth – Analyst

boss

The Spot Bitcoin ETFs have become a major headliner recently due to heightened levels of market inflows. According to data from SoSoValue, these ETFs have attracted over $5 billion in investments over the past three weeks coinciding with an impressive Bitcoin price rally of over 23%. However, amidst this euphoria, macro investment researcher Jim Bianco says these Spot ETFs have contributed no significant growth to the Bitcoin market.  Spot Bitcoin ETFs Bring In No New Money, Only Recycled Investments In a series of X posts on November 2, Bianco claimed…

Donald Trump’s Sliding Victory Odds Hit Bitcoin Price (BTC)

Since, though, Trump’s odds have been falling, as has the price of bitcoin and cryptocurrencies in general. At one point overnight, the former president’s victory chances declined to less than 53% (with Harris rising to above 47%). Alongside, bitcoin fell to as low as $67,600. At press time, during the U.S. morning hours Sunday, both Trump and bitcoin have come back a bit, with Trump sitting at 56% and bitcoin at $68,300, lower by more than 2% over the past 24 hours. Source

Trump’s Cryptocurrency Aide: A Nation-State Will Enter the Bitcoin Market ‘in Size’

boss

David Bailey, one of former President Trump’s cryptocurrency aides and CEO of BTC Inc., predicted that we are just months away from a significant bitcoin adoption movement by one or a few nation-states. Bailey believes that the next step is to establish bitcoin reserves. Trump’s Cryptocurrency Aide David Bailey Predicts Nation-State Bitcoin Adoption Explosion David […] Source

Bitcoin ETFs’ Hot 7-Day Streak Ends, Record $55 Million In Net Outflows

boss

Este artículo también está disponible en español. The spot Bitcoin ETFs (exchange-traded funds) in the United States have recorded their first net outflow day in the past seven days. This negative single-day performance ended what was another impressive weekly outing for the crypto investment products. Bitcoin ETFs Shine While Ethereum ETFs Continue To Struggle After a strong performance throughout the month of  October, the US-based spot Bitcoin ETFs didn’t register a perfect start to November. According to data from SoSoValue, the BTC exchange-traded funds posted a net outflow of $54.9…

Will Bitcoin Hit $176K? Scaramucci Lays Out His High-Stakes Forecast

boss

Este artículo también está disponible en español. A top executive of a New York-based global investment firm made an audacious claim that Bitcoin breaching the six-figure price will happen very soon. SkyBridge Capital founder Anthony Scaramucci said that in the next two years, BTC will be traded at $176,000, joining other crypto investors who believed that the oldest cryptocurrency is ripe for a six-figure price per coin. Related Reading Bitcoin To Rally Threefold Scaramucci hailed the alpha crypto asset for sustaining a price surge in only a short period, adding…