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Bitcoin News
Coinpedia
1w
403
Image Credit: Coinpedia
Bitcoin Price Analysis: Short, Medium, and Long-Term Trends to Watch
- Bitcoin's short-term trend is positive but faces resistance and declining momentum, with potential for price volatility.
- Medium-term outlook is uncertain, with potential for both upward and downward movements, influenced by market conditions and recent price drops.
- Long-term trend remains bullish but a break below $71,000 could signal further declines.
- Market conditions, including the upcoming U.S. election, could impact Bitcoin's short-term direction and investor confidence.
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Coinpedia
1w
345
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Bitcoin, Ethereum Price Prediction: Where BTC & ETH Could Be After US Elections!
- Bitcoin (BTC) closed at a 1.18% weekly return at a price of $68,738.
- BTC price is currently trading at $68,607 with a potential re-test of $66,167.
- Ethereum (ETH) experienced a bearish turnaround, retesting local support near $2,400.
- BTC and ETH prices are likely to surge higher and end 2024 on a bullish note.
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Coinpedia
1w
93
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Why the Crypto Market Is Down Today? U.S. Election Impacts the Price of Bitcoin
- The crypto market is down today, with Bitcoin experiencing a bearish week and trading around $69,145.
- The U.S. election in 2024 is impacting market sentiment, with potential price volatility for Bitcoin depending on the outcome.
- Liquidations in the crypto market reached nearly $350 million on November 3, due to election-related anxiety.
- Traders speculate that a Trump victory could push Bitcoin to $100,000, while a Harris win could result in a significant price drop.
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Crypto-News-Flash
1w
314
Image Credit: Crypto-News-Flash
Bitcoin Mining Firms Shift to AI Amid Rising Costs and Regulations
- Bitcoin mining firms are facing rising costs and regulatory challenges, leading them to diversify their revenue sources.
- To stay profitable, mining firms are incorporating AI and high-performance computing services to reduce expenses and explore new income opportunities.
- This shift towards AI and diversified business models helps mining firms navigate Bitcoin price volatility and high running expenses.
- Regulations in Russia have tightened, allowing only registered entities to mine cryptocurrencies in an effort to prevent financial crimes.
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Altcoinbuzz
1w
297
21Shares Pushes to Get SEC Approval for XRP ETF
- 21Shares has filed a request with the SEC to approve an XRP-focused ETF.
- The ETF, called the 21Shares Core XRP Trust, would be listed on the Cboe BZX Exchange.
- If approved, investors can buy shares of the fund instead of dealing with the ups and downs of buying XRP directly.
- Getting an ETF approved by the SEC is challenging, but it would make cryptocurrencies more accessible to everyday investors.
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Altcoinbuzz
1w
335
Decaf Enables $USDC to Euro Cash-Out via SEPA
- Decaf now enables sending $USDC to Euro, straight into your European bank account.
- Decaf has been active in off-ramping crypto to local currencies since 2022.
- Users can swap their $USDC for Euro and receive it directly into their bank account.
- Decaf does not charge any fees for this service.
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Silicon
1w
33
Image Credit: Silicon
Binance Co-Founder CZ Does Not Want To Return To Company
- Binance co-founder Zhao Changpeng, also known as CZ, stated that he has no desire to return to the company after serving four months in a US prison.
- Zhao is currently banned from working at Binance under a plea deal with US authorities and is prohibited from speaking negatively about the deal.
- He mentioned that the judge treated him leniently, being the first person to serve prison time for failing to comply with the US' Bank Secrecy Act.
- Zhao is now focusing on an education-based startup called Giggle Academy and investing in blockchain, AI, and biotech.
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TheNewsCrypto
1w
12
Image Credit: TheNewsCrypto
How the Crypto Market Will React to the Fed’s November Rate Cut?
- The upcoming FOMC interest-rate decision from the US Federal Reserve, set for November 7, is highly anticipated.
- Expectations are for a 25 basis-point rate cut, which could spark a rally in the crypto market.
- The Fed's decision could have wide implications for the economy and significantly impact the crypto market.
- Currently, the global crypto market is showing a slight uptick, with Bitcoin trading at around $69K.
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Bitcoinist
1w
97
Image Credit: Bitcoinist
Nation State To Buy Bitcoin Worth ‘Billions Of Dollars’ Soon, Insider Predicts
- David Bailey, CEO of Bitcoin Magazine, predicts that nation-states will soon buy billions of dollars' worth of Bitcoin.
- Bailey highlights the undercurrent of Bitcoin nation-state adoption happening behind the scenes.
- Many developing nations have initiated domestic mining programs as tests, with early adopters transitioning to gigawatt-scale projects.
- Bailey believes that the next phase involves establishing national Bitcoin reserves through stockpiles, central banks, or sovereign wealth funds.
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Coinpedia
1w
76
Image Credit: Coinpedia
Bitcoin Volatility Explained: Election and Fed’s Impact
- Bitcoin started the week on a positive note, going up by 0.6% and hitting $69,018.9 early Monday.
- The US presidential election is causing uncertainty in the crypto market, as the race between Trump and Harris is closer than expected.
- Traders are also closely watching the Federal Reserve's next move, as they are expected to cut rates by 25 basis points in November.
- There is a 94% chance of a rate cut in November and a 70% chance of another in December, which could impact Bitcoin's price.
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Coinpedia
1w
352
Image Credit: Coinpedia
Crypto Price Today (Nov 4th, 2024): Bitcoin Price to Hit ATH after U.S Elections?
- The cryptocurrency market is experiencing political turmoil as the US presidential election approaches.
- Bitcoin shows positive momentum, with a notable whale withdrawing $5 million in USDC and trading activity increasing.
- ETH gains support, Solana and XRP show mixed market sentiment.
- Top gainers include Toncoin, Kucoin Token, and Sui, while Ethena, Popcat, and Thorchain suffer losses.
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TheNewsCrypto
1w
420
Image Credit: TheNewsCrypto
How Bitcoin Price May Respond to the 2024 US Election Results?
- Bitcoin price has historically dipped before U.S. elections due to political uncertainty.
- The outcome of the 2024 U.S. election may impact the cryptocurrency market.
- A victory by Donald Trump could lead to a surge in crypto prices, while Kamala Harris may bring regulatory crackdowns.
- Bitcoin's price seems to move in sync with election odds, but pre-election plunges don't invalidate the bullish momentum.
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TheNewsCrypto
1w
314
Image Credit: TheNewsCrypto
Heather Morgan Set for Sentencing in Major Bitfinex Hack Case
- Heather Morgan, also known as 'Razzlekhan,' is set to be sentenced on November 15 for her involvement in laundering 120,000 bitcoins stolen from Bitfinex during a 2016 hack.
- Morgan's husband, Ilya Lichtenstein, admitted to being the hacker responsible for the breach and has pleaded guilty to money laundering charges.
- Prosecutors are seeking an 18-month prison term for Morgan and restitution of approximately 94,643 BTC and other cryptocurrencies, valued at over $6 billion.
- The case highlights the challenges of regulating digital assets and the legal consequences of financial crimes in the cryptocurrency community.
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Tokenhell
1w
242
Bitcoin Dips Below $69,000, Pushing Liquidations Above $300 Million
- Bitcoin dips below $69,000 after last week's massive rally.
- Reason for the price slip is doubts around the possibility of Donald Trump winning the elections.
- Polls suggest Vice President Kamala Harris' winning odds surge, causing a collapse in Trump's lead on betting platforms.
- Bitcoin's dip leads to massive liquidations, with traders losing $315 million.
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Altcoinbuzz
1w
365
BIG GAIN Pre-Token Crypto Opportunity by CoinEx
- CoinEx has launched a Pre-Token Trading program that allows users to invest their USDT on predicting the outcome of certain events, such as the Presidential election and League of Legends contests.
- The program is based on the concept of prediction markets, in which the price of a token reflects the market's belief in the probability of a particular outcome taking place.
- While prediction markets have been around for a while, no centralized exchanges have tried to capitalize on their popularity until now, with CoinEx offering this opportunity to traders.
- Users can mint pre-tokens by investing USDT in them, then trade these tokens on secondary markets like any other token.
- CoinEx tries to balance the benefits of centralized and decentralized exchanges by using AMMs to keep pre-tokens liquid, while also allowing anyone to be a market maker in these tokens.
- CoinEx offers trading fee discounts on the launch of new pre-tokens.
- Other than Pre_TRUMP, which was launched last week, CoinEx has also introduced PRE_T1WIN, giving users a chance to predict the winner of League of Legends contests.
- CoinEx also has its own exchange token CET, which is trading around 10 cents and up over 225% in the last 12 months.
- CoinEx trades in hundreds of coins and over 1200 trading pairs. They are the first major CEX to offer liquidity to Kaspa’s growing KRC-20 token standard, which includes memecoins.
- Altcoin Buzz reminds readers that the information discussed is not financial advice and encourages readers to perform their due diligence before investing in Bitcoin and other cryptocurrencies.
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