Bitcoin’s new all-time high of $75,000 following Donald Trump’s 2024 US presidential election win reflects heightened market optimism and anticipation of potential policy shifts favorable to digital assets. According to a report by digital asset custodian Copper.co, Bitcoin’s upward trajectory may continue into the new year. Fadi Aboualfa, Head of Research at Copper.co, said, “We […]
The post Bitcoin predicted to hit $100k by Inauguration Day amid record pre-market equities trading appeared first on CryptoSlate.
Ethereum Foundation contributor Josh Stark highlighted Ethereum’s (ETH) “hardness” as its defining quality in the digital economy, emphasizing its ability to provide unmatched predictability and immutability for decentralized applications. Stark argued that these qualities make Ethereum a resilient foundation, setting it apart from other blockchains and traditional institutions. His statement comes amid Ethereum’s price struggles […]
The post Ethereum Foundation’s Josh Stark highlights ETH’s ‘hardness’ as it hits 3-year low against Bitcoin appeared first on CryptoSlate.
As the US presidential election approaches its conclusion, altcoins have become a focal point for traders, who anticipate a significant market impact based on the outcome, according to a Bloomberg News report. The report noted that while Bitcoin (BTC) holds steady at around $70,000 — roughly 5% below its all-time high — altcoins like Dogecoin […]
The post Altcoins face uncertain future amid US election outcome, Bitcoin unshaken appeared first on CryptoSlate.
Bitcoin’s current valuation aligns closely with its price levels before the past two US elections, suggesting that the crypto could be primed for growth if a favorable post-election catalyst surfaces, according to CryptoQuant’s latest report. Historically, Bitcoin has rallied after the US presidential elections, posting significant gains by the end of each election year — […]
The post Bitcoin primed for post-election rally despite US investor caution – CryptoQuant appeared first on CryptoSlate.
Outside of today’s Presidential Election, the crypto industry is significantly impacting the 2024 US Senate races by channeling substantial financial support to pro-cryptocurrency candidates, aiming to influence the legislative landscape. In the presidential race, Trump has been the more vocal crypto supporter, while Harris rarely mentioned the industry in her campaign messaging. The Stand With […]
The post These are the most important crypto races in the US Election today outside of the Presidency appeared first on CryptoSlate.
Bitcoin’s maturity as a decentralized digital asset has spurred discussions on its role within national reserves, drawing interest from US policymakers. Bitcoin’s evolution from an experimental asset to a recognized financial instrument provides new strategic avenues for economic stability, geopolitical resilience, and energy policy. The Bitcoin Policy Institute (BPI) released a comprehensive report on how […]
The post Bitcoin Policy Institute releases paper on Bitcoin as a strategic reserve asset appeared first on CryptoSlate.
Fundstrat Global Advisors’ Tom Lee and analysts from Bernstein predict robust markets heading into 2025, regardless of the results of the upcoming US presidential election. While Lee expects a broader market rally across sectors, Bernstein highlighted Bitcoin’s (BTC) resilience amid political uncertainty. Tom Lee, managing partner and head of research at Fundstrat, recently shared his […]
The post US markets, Bitcoin poised for rally regardless of elections outcome appeared first on CryptoSlate.
A new report from Binance Research has raised red flags over the high risks in the memecoin market, revealing that 97% of these tokens have either failed or become inactive shortly after launch. The report also exposes widespread manipulation, where coordinated groups orchestrate pump-and-dump schemes that leave everyday investors bearing the brunt of losses. Although […]
The post Binance Research warns memecoins risk frenzy over fundamental innovation appeared first on CryptoSlate.
Crypto market volatility remained low ahead of the US presidential election as investors adopted a cautious, wait-and-see approach, according to the latest edition of the “Bitfinex Alpha” report. Bitcoin’s (BTC) implied volatility in the options market hovered around the low 40% range, reflecting restrained confidence in major price shifts and signaling cautious sentiment among traders. […]
The post Crypto volatility stalls as investors await US election outcome – Bitfinex appeared first on CryptoSlate.
VanEck said the Solana (SOL) network’s high user engagement and transaction volume largely reflect its low-cost, high-throughput design despite substantial revenues stemming from speculative memecoin activity. The firm’s latest analysis comes in response to speculation that Solana’s numbers are inflated by wash trading in memecoins. Many critics argue that this makes SOL’s growth less notable […]
The post VanEck counters skepticism, highlights Solana’s high transaction allure appeared first on CryptoSlate.
Polymarket’s leading holder of Trump shares has shifted, with ‘zxgngl’ surpassing ‘Fredi9999’ after significant buying activity on Monday morning amid shortening odds over the weekend. On Sunday Trump’s lead narrowed from 65% to 54% as whale pressure subsided. Whales persistently purchasing Trump shares regardless of price appear to have reduced their activity, leading to a […]
The post Polymarket odds narrow sharply as whales slow down Trump betting appeared first on CryptoSlate.
Bitcoin price is down 6.5% from its recent local high, and market analysts expect BTC to bottom in the $65,000 to $69,000 range.
Researchers from the non-profit organization Exponential Science and University College London have pointed out that Bitcoin mining bans might have unintended environmental consequences that could increase carbon emissions by up to 2.5 million tonnes annually. In the paper titled “The Unintended Carbon Consequences of Bitcoin Mining Bans: A Paradox in Environmental Policy,” the researchers examined […]
The post Study suggests Bitcoin mining bans could worsen carbon footprints appeared first on CryptoSlate.
Tron’s blockchain has seen remarkable progress, with its native token, TRX, surging to a yearly high as the network achieved its second-largest monthly revenue on record. Data from CryptoSlate shows that TRX reached $0.17 within the past 24 hours, reflecting a 55% increase year-to-date. This significant price gain reinforces TRX’s place among the top 10 […]
The post Tron hits second-highest revenue as TRX gains momentum appeared first on CryptoSlate.
Standard Chartered’s global head of digital assets research, Geoffrey Kendrick, cautioned that Bitcoin (BTC) may experience heightened volatility in the days before the US presidential elections. Kendrick’s analysis pointed to key metrics indicating an optimistic yet cautious market sentiment among Bitcoin traders as investors brace for economic and regulatory shifts related to the political event. […]
The post StanChart sees high volatility for Bitcoin in lead up to US elections appeared first on CryptoSlate.
The latest crypto election poll illustrates — according to its industry sponsor — that single-issue crypto voters exist. That's a point the industry has been seeking to score for months, and its potential ramifications in future Washington policy discussions could run deep.
Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29. As of press time, BTC was trading at $73,500, roughly $300 away from setting a new all-time high. Despite the impressive over 8% gain over the past week, […]
The post Bitcoin nears all-time high with stable metrics, signaling strength for further upside – K33 Research appeared first on CryptoSlate.
Bitcoin’s (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin’s value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies. Key forces driving […]
The post Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO appeared first on CryptoSlate.
Bitcoin (BTC) is set for turbulent weeks ahead, with election uncertainty, the “Trump trade” narrative, and historically favorable fourth-quarter conditions creating a “perfect storm” for market movement, according to the latest “Bitfinex Alpha” report. The report said that in the lead-up to the US elections, Bitcoin has already demonstrated “whipsaw” price action following the 6% […]
The post Bitcoin expected to face high volatility as ‘Trump trade’ and Q4 seasonality converge – Bitfinex appeared first on CryptoSlate.
Bitcoin (BTC) adoption is following a pattern similar to the videogame industry, with younger investors increasingly embracing the crypto while older generations gradually exit, according to VanEck’s head of digital assets research, Matthew Sigel. Speaking on CNBC’s “Squawk Box” on Oct. 28, Sigel said that much like how new gamers are born every day, new […]
The post Bitcoin adoption akin to gaming as younger generations drive demand – VanEck appeared first on CryptoSlate.
Elections in Georgia were more focused on whether or not the country should align further with the European Union.
Retail investors are leading the charge in the adoption of spot Bitcoin exchange-traded funds (ETFs), accounting for 80% of the total demand, according to a Binance Research report. According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63.3 billion in assets […]
The post Retail investors dominate demand for spot Bitcoin ETFs – Binance Research appeared first on CryptoSlate.
Standard Chartered believes Bitcoin will reclaim the $73,000 price level on Election Day, Nov. 5 and According to the report Bitcoin—Post-US Election Playbook, authored by the lender’s head of digital assets research, Geoffrey Kendrick, the flagship crypto could see significant price movement before and after the upcoming US presidential election. Additionally, the report reaffirmed previous six-figure […]
The post StanChart reaffirms Bitcoin on track to reclaim ATH by election day, 6-figures if Trump wins appeared first on CryptoSlate.
With less than three weeks until the U.S. presidential election, traders are positioning themselves for what’s to come after Nov. 5 and how a new administration will respond to factors affecting financial markets, including crypto.
Bitcoin is range-bound ahead of key US data, with technicals suggesting a potential drop below $56,000.
The top 4 miners by market cap all beat their monthly production numbers
Bitcoin, which started the month on a negative note, has begun to regain some positive momentum and is up by 1.66% in the past 24 hours. This recovery comes amid renewed optimism in the crypto space, as traders and investors remain hopeful for a solid finish to the year. In a recent post on social media platform X, popular crypto analyst Inmortal revealed Bitcoin is still on its way to creating a new all-time high very soon. The only thing the bulls need to do is to ensure a break above the $64,000 price tag. Related Reading: Market Signals Hint At Bitcoin’s Potential Fall To $52,000—Analyst Bitcoin New All-Time High Coming Soon? The general consensus is that Bitcoin is going bullish in October, although different analysts have varying outlooks as to how this will happen. Taking to his social media account, Inmortal noted that the only prerequisite for a new Bitcoin all-time high is for the price to break above $64,000. According to an accompanying Bitcoin/TetherUS chart, this price level is situated just above the October monthly open. This means a sustained break above $64,000 would nonetheless translate to a green monthly close in October. Breakout above 64k = New ATH$BTC pic.twitter.com/mUvDN5sTyi — Inmortal (@inmortalcrypto) October 4, 2024 Interestingly, Inmortal had noted in an earlier X post that Bitcoin’s drop from $66,000 on September to $60,000 on October 2nd feels like the flagship digital asset has reached a local bottom. This is because Bitcoin seemed to retest this level three times before eventually rebounding upwards. However, he did clarify that this is only based on a hunch because there is no market structure break or confirmation yet. Interestingly, this local bottom sentiment is supported by analysis from a CryptoQuant analyst known as “caueconomy.” Inmortal further emphasized that he is currently only interested in taking long positions on Bitcoin, and he has identified two specific entry points for these trades. The first opportunity would arise if Bitcoin retests the $60,000 low, providing a potential buying window at a key support level. The second entry point, according to his analysis, would be triggered by a breakout above the $63,000 price level. What’s Next For Bitcoin? At the time of writing, Bitcoin is trading at $62,200 and has already gained 3.5% from the October 3 low. However, the flagship cryptocurrency is still down by 5.7% in seven days and there remains the possibility of a break to the downside in the short term. Related Reading: Injective (INJ) Down 20% As Market Retracement Forces Sell-Off Another popular crypto analyst known pseudonymously as Kaleo suggests that there may be another retest of lower levels before Bitcoin resumes its upward trajectory. Specifically, he anticipates that Bitcoin could dip to around the $57,000 to $58,000 range, testing support in that area before ultimately reversing course and going higher for the rest of the month of October and after the US election in early November. Featured image from CNBC, chart from TradingView
Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins.
In addition to CertiK Ventures’ $45 million investment plan, CertiK also announced the launch of free community tools including Token Scan and Wallet Scan.
Bitcoin price is stuck in a wide range, but multiple data points suggest this pattern is fast coming to an end.