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U.S. Presidential Election: What Will Happen​ tо the Price​ оf Bitcoin?

Audy Castañeda 2024-11-05 10:15:41

Javier Pastor, Head​ оf OTC​ at Bit2Me, analyzes the pre-election market​ Ñ–n the United States.​ In addition,​ Ñ–n​ a recent report, Bernstein analysts warned​ оf​ a period​ оf intense volatility​ Ñ–n Bitcoin prices following the U.S. presidential election. For Pastor, “the last term​ оf the Biden-Harris administration has largely been​ a missed opportunity​ tо solidify […]

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U.S. Election Sentiment Drives Crypto Inflows​ tо $2.17 Billion

Leonardo Perez 2024-11-05 10:13:45

Crypto inflows soared​ tо $2.17 billion, pushing total digital assets above $100 billion. Bitcoin led investment inflows, with​ a 67% increase​ Ñ–n trading volumes, reflecting confidence​ Ñ–n the GOP’s potential crypto policies. Election sentiment drives volatility​ as​ a Republican victory could boost cryptocurrencies, while Democrats could signal stricter rules. Investment inflows into cryptoassets surged​ tо $2.17 billion last week, bringing cumulative inflows for the year​ […]

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Bitcoin Price Hovers Around USD 70,000​ as Analysts Assess Impact​ оf Stable Currencies and Market Liquidity, and other News

Audy Castañeda 2024-11-04 10:25:28

Ju indicated that, currently, there are six times more Bitcoin reserves​ оn exchanges than stable coins, which limits the latter’s ability​ tо sustain the market. As Bitcoin hovers near USD 70,000, investors and experts are focusing​ оn factors that could further boost its price.​ Kі Young Ju, CEO​ оf CryptoQuant, noted that, although the supply​ оf stable coins has increased, this liquidity​ Ñ–s not enough​ […]

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Bitcoin Price Loses $68,000 as Trump Pulls Back on Polymarket

Leonardo Perez 2024-11-04 10:22:41

Polymarket users who give Donald Trump as the winner of the U.S. presidential election have dropped dramatically in just 2 days, as Kamala Harris begins to regain the lead. Polymarket is a cryptocurrency betting platform that has gained popularity, not only for those who enjoy challenging luck, but also because it has become a tool […]

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Bitcoin Mining Industry Highlights for the Week

Audy Castañeda 2024-11-04 10:20:09

Overall, the sector’s revenues improved somewhat. The latter is related to the rise in the price of BTC and the increase in transaction fees. A new week closes in the agitated world of cryptocurrencies with a strong dose of volatility. As such, the price of BTC dropped from $73,500 to the current $68,250 per coin. […]

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