Within a few days after the conclusion of the United States presidential elections, investor sentiment in the crypto derivatives market has changed, revealing a major shift towards bullishness and a huge appetite for leveraged long positions. According to a crypto derivatives analytics report by the leading digital asset trading platform Bybit, in partnership with the...Read More
On November 6, the Republican presidential nominee, Donald Trump, won the United States elections, becoming the country’s 47th president. His victory triggered all forms of reaction across several financial assets as market participants rejoiced or expressed disappointment in the election outcome. A tweet by on-chain analytics firm Santiment has revealed that the crypto and equities...Read More
Bitcoin climbed past $75,000 on Wednesday and $76,000 on Thursday morning, setting a fresh record before stabilizing near $74,500. Market experts remain optimistic about the cryptocurrency’s potential for further growth, fueled by expectations of a pro-crypto stance from Donald Trump’s administration. Data also suggests that significant volatility may continue in the near term, as reflected...Read More
Bitcoin prices reached a record high of $76,444 during late trading on Wednesday, building on previous price peaks earlier in the day. The move comes as the US presidential election results filtered in throughout the day and Donald Trump was declared the winner. Trump crossed the 270 electoral vote threshold with 295 to Kamala Harris’...Read More
Bitcoin smashed its previous record to briefly surge past a new peak of $75,000 as Donald Trump is all set to become the 47th President of the United States. Amidst what is being considered a massive victory for the crypto industry, the Coinbase Premium Index experienced a positive spike, indicating a potential surge in demand...Read More
Donald Trump has won the US presidency, achieving a decisive victory in swing states and surpassing the 270 electoral votes needed. Despite a heated campaign marked by two assassination attempts, Trump will become the second Republican in 20 years to secure a second term, while his opponent, Kamala Harris, received 224 electoral votes. A strong...Read More
Bitcoin prices have made a new peak price of $75,000 during early Asian trading on Wednesday, Nov, 6, according to Tradingview measuring prices on Binance. The price pump followed a 9% gain on the day as the US election votes were counted, and Donald Trump extended his lead over Kamala Harris at the time of...Read More
With the United States presidential election a few hours away from conclusion, crypto investors are exercising caution, which is evident in the low volatility in the bitcoin options market. Crypto exchange Bitfinex’s analysts reported that crypto investors have adopted a wait-and-see approach, expressing a lack of market confidence in BTC’s current price movements. Investors Await...Read More
November 5 is finally here, and all eyes are on the United States as the country elects its next president – whether it will continue with its Democratic views as it did during the past four years or it will go back to the previous cycle when Republican candidate Donald Trump was in charge. As...Read More
Bitcoin (BTC) could be gearing up for a historic $100,000 pump, and, according to crypto analysts, the upcoming U.S. presidential election may yet play a key role. According to experts, the cryptocurrency may achieve this price milestone regardless of who wins. However, they suggest a Trump victory could serve as a short-term catalyst, boosting its...Read More
With BTC’s value nearing its all-time high of $73,700 a few days ago, Bitcoiners seemed poised to see a new price high for their favorite crypto asset. Even Bitcoin miners are not left out in the anticipation. A CryptoQuant report confirms that the network’s mining difficulty and hash rate have unlocked new heights. This record...Read More
The excitement surrounding a potential Republican victory spurred $2.2 billion in weekly inflows, pushing year-to-date inflows to a whopping $29.2 billion. This increase, along with rising prices, propelled assets under management past $100 billion. Interestingly, this level was last seen in early June 2024, when AuM hit $102 billion. As a result, the trading volume...Read More
Over the weekend, bitcoin’s value slumped from over $71,000 to a depth of $67,700. This price drop paved the way for some whales to acquire the leading cryptocurrency. According to on-chain data that the blockchain analytics platform Lookonchain shared via X, five whales bought 2,780 BTC (worth $192.4 million) since November 1st. Whales Accumulate BTC...Read More
In the last full trading week ahead of the highly-anticipated US presidential elections, the 11 locally-based spot Bitcoin ETFs registered their best week in terms of net weekly flows since March. At the same time, the asset’s price skyrocketed to almost a new all-time high, but lost a lot of momentum in the following days....Read More
It was less than a week ago when the primary cryptocurrency skyrocketed to $73,500 for the first time since the all-time high registered in March this year. The landscape seems entirely different now, and the question of what has changed pops up. Bitcoin/Price/Chart 03.11.2024. Source: TradingView The chart above paints a clear and painful picture...Read More
Bitcoin (BTC) is trading a few thousand dollars below its all-time high (ATH) of $73,750, and the global cryptocurrency market cap has increased to $2.46 trillion this year, but digital asset companies are still laying off their employees. This week alone, three prominent crypto entities have announced significant job cuts, raising the question, is the...Read More
The US presidential elections are just around the corner, with the world’s largest economic force anticipated to choose between continuing with a similar path as the past four years or changing its course completely if they go with Republican candidate Donald Trump. While the economic consequences will impact millions and millions of people, the crypto...Read More
Bitcoin (BTC) is experiencing a positive momentum that has pushed it very close to its all-time high of $73,750. The leading crypto asset came a couple of hundred dollars away from crushing that milestone on October 29. However, it recorded a small correction, and is currently trading at $72,200. While crypto enthusiasts anticipate a new...Read More
Bitcoin (BTC) recorded significant gains recently, but that does not mean the market is poised for a full bull run. On-chain patterns analyzed by CryptoQuant Quicktake author Woominkyu show that previous bull markets have kicked off while Bitcoin witnessed a decline in market share dominance. Unfortunately, the opposite is the case now. Diversifying Investor Capital...Read More
In the latest jobs report before the 2024 US presidential elections, the world’s largest economy outlined warning data. The country added only 12,000 jobs in October, which is one-tenth of the expected 120,000 by economists. The reports on the matter blamed the weak data for October on the two recent hurricanes that hit a few...Read More
The BlackRock iShares Bitcoin Trust (IBIT) recorded a whopping $642.9 million in inflows on Oct. 29, according to Farside data. It is the largest inflow since March 12 bringing the total net inflow for all funds to $870.1 million, the highest since June 4. Bloomberg ETF analyst Eric Balchunas observed that the fund also saw...Read More
The next few weeks will see bitcoin (BTC) experience massive volatility due to uncertainty surrounding the United States presidential election, the “Trump trade” narrative, and the Q4 seasonality performance the asset has witnessed in past years. Analysts at the crypto exchange Bitfinex said in a weekly report that these factors would create a “perfect storm”...Read More
Less than a year after their launch, spot Bitcoin ETFs have recorded unprecedented growth, boosting investors’ interest and demand for the largest cryptocurrency. A recent report by Binance Research, the research arm of the global cryptocurrency exchange, revealed that bitcoin ETFs have accumulated over 938,000 BTC, worth $63.3 billion. This figure represents 4.5% of the...Read More
While bitcoin demand among large investors is picking up as time passes, smaller market players are lagging. According to a CryptoQuant report, the holdings of retail bitcoin investors are growing at a historically slow pace, even as this cohort of players gradually returns to the market amid BTC’s ascent to the $70,000 level. Retail Investor...Read More
Bitcoin’s whale wallets – defined as those holding 100 or more BTC – have increased by 297 lately. The latest figure represents a 1.9% rise in the past two weeks. On the other hand, wallets containing less than 100 BTC have decreased by 20,629, a decline of 0.1% during the same period. Bitcoin Whales Signal...Read More
Bitcoin is yet to climb above the much-anticipated $70,000 despite several notable upside moves. However, data points to BTC’s short-term uptrend potential, based on the Coinbase Premium Index. In such a scenario, the crypto asset could see a possible price rally. Bitcoin’s Price Rally Soon? By examining the Coinbase Premium Index on a 1-hour time...Read More
Bitcoin is currently trading at a lower price in South Korea despite a broader market rebound across global exchanges. According to data from the crypto market data firm Kaiko, the BTC Kimchi Premium turned negative for the second time since September. Kimchi Premium Turns Negative The bitcoin Kimchi Premium is the difference between BTC’s price...Read More
Historical Bitcoin market cycles have been closely tied to M2 money supply and expanding liquidity. On Oct. 22, market analyst Michaël van de Poppe delved into data points and correlations with cycle peaks and money supply. He noted that in 2017, the M2 supply continued to expand significantly, and the cycle lasted until the end of...Read More
The billionaire investor said that “all roads lead to inflation” in an interview with CNBC on Oct. 22. He added that he was long on gold and long on Bitcoin, stating that commodities are so “ridiculously under-owned.” “I probably have some basket of gold, Bitcoin, commodities, and Nasdaq, something like that. And I own zero fixed...Read More
After an unsuccessful attempt to break past the $70,000 mark this week, bitcoin briefly dipped below $67,000 before staging a modest recovery. Despite the brief pullback, data indicates a renewed interest from retail investors, which is typically seen as a strong indicator of broader market sentiment. Bitcoin Retail Activity Returns CryptoQuant’s latest analysis reveals a...Read More
