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Bitcoin Poised for $100K, Trump Win May Be Short-Term Catalyst, Says Analyst
Bitcoin analysts predict a strong chance for the cryptocurrency to reach $100,000, with the upcoming U.S. presidential election potentially playing a role in its short-term momentum. A Trump win might accelerate BTC's rise due to anticipated favorable regulatory changes, while a Kamala Harris victory could introduce a temporary dip from cautious investor sentiment. However, analysts agree that the election's impact will mainly influence the short term, as Bitcoin’s long-term upward trend appears secure. Historically, BTC has rallied post-election, regardless of the winning party, and in 2024, it has already outperformed traditional assets significantly. 0 reply
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$782 Million Crypto Investment in October 2024: Blockstream, Azra Games, and More
In October, crypto VC funding saw 95 rounds, down slightly from September’s 98, but the total raised surged to $782 million—a 28.84% increase. The infrastructure sector led with $249 million, followed by gaming, DeFi, and CeFi. Blockstream’s $210 million round was the largest, supporting its Layer-2 and mining efforts. Azra Games raised $42 million for Project Legends, while Yellow Card’s $33 million Series C will expand its digital financial services in Africa. 1 reply
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Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds
U.S. spot Bitcoin ETFs are nearing the milestone of holding one million BTC, driven by recent inflows and anticipated November tailwinds, including potential U.S. interest rate cuts, the presidential election, and Russia’s lifting of its Bitcoin mining ban. ETFs currently hold 976,893 BTC, representing nearly 5% of Bitcoin’s market cap, with $301 million in daily inflows needed to hit the milestone. Analysts suggest that continued inflows and favorable conditions could lead to a new all-time high, with some predicting a surge to $100,000 if Donald Trump wins the U.S. election. Bitcoin remains stable at $67,700, with strong support at $65,000. 0 reply
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Dogecoin (DOGE) Explodes 8% Daily, Bitcoin (BTC) Eyes $68K (Market Watch)
Bitcoin attempted to break above $68,000 but faced rejection, currently trading just below that level, while maintaining market dominance over 55%. The recent price action follows a surge fueled by renewed interest in spot Bitcoin ETFs with significant net inflows. Meanwhile, Dogecoin saw a notable rise of over 8% after public support from Elon Musk, hitting a multi-month high. Other gainers include POPCAT, INJ, MEW, and FTN, while altcoins like Binance Coin, Tron, Solana, and others saw minor losses. The total crypto market cap has risen slightly to $2.436 trillion. 0 reply
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New Bitcoin Whales’ Holdings Skyrocket 813% Year-to-Date to Over $130 Billion
Bitcoin whales have significantly increased their holdings, now owning 9.3% of Bitcoin's total supply, valued at around $132 billion. These new wallets, containing over 1,000 BTC each, have seen an 813% increase in balance year-to-date, mainly attributed to institutional investors and custodial wallets. Bitcoin's price is currently at $67,000, with predictions suggesting it could surge to $233,000 by Q1 2025 based on historical RSI data. On-chain analytics indicate that Bitcoin reserves on exchanges have reached a record low, implying reduced market supply. Meanwhile, long-term holders are accumulating while short-term holders are showing signs of selling. 2 replies
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Bitcoin “Super Cycle” Could Drive BTC To $400,000, Predicts Analyst
Bitcoin continued its upward momentum, reaching $63,700 despite heavy shorting on major exchanges. Analysts forecast a potential surge to $400,000, citing factors like Bitcoin halvings, institutional adoption, and its role as a hedge against inflation. The Bitcoin Risk Index signals an imminent price move, while technical patterns suggest a 72% chance of an upside breakout. Additionally, over 236,000 BTC, worth $14.22 billion, have been withdrawn from exchanges, tightening supply and supporting a bullish outlook. 5 replies
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