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💰 US Bitcoin National Defense Policy promotes ‘Mutually Assured Preservation’ – Lowery

US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal. He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset.

Source

@Bitcoin_Blockchain_Trading


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💰 Bitcoin primed for post-election rally despite US investor caution – CryptoQuant

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 — 98% in 2020, 37% in 2016, and 22% in 2012.

Source

@Bitcoin_Blockchain_Trading


💰 Bitcoin mining difficulty reach all-time high on US election day

Bitcoin mining difficulty has reached a historic peak, surpassing 100 trillion on the same day as the US elections, signaling an intense landscape for miners. On Nov. 5, Bitcoin’s mining difficulty jumped 6.24%, reaching 101.65 trillion at block height 868,896, setting a new all-time record. This marks the 23rd difficulty adjustment of 2024, with 14 of these increases pushing the total difficulty by 40% this year.

Source

@Bitcoin_Blockchain_Trading


💰 Crypto asset products surpass $100 billion AuM, driven by Bitcoin’s strong inflows and election optimism

Digital asset investment products saw inflows of $2.2 billion last week, bringing total inflows this year to a record-breaking $29.2 billion, according to CoinShares‘ latest report. The strong performance, coupled with recent Bitcoin price increases around $70,000, lifted the sector’s total assets under management (AuM) above $100 billion for only the second time. These levels were last seen in early June 2024, when AuM reached $102 billion.

Source

@Bitcoin_Blockchain_Trading


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🚨 Crypto Exchange M2 Confirms $13.7 Million Breach, Says Issue Resolved Within 16 Minutes

The United Arab Emirates-based cryptocurrency exchange, M2 Exchange, said it swiftly resolved a security incident on Oct. 31 that involved $13.7 million. The exchange said customer funds lost during the incident had been restored, and normal service had resumed with additional security measures in place. Cybersecurity firm Cyvers detected suspicious transactions involving the exchange across the Ethereum, Solana, and Bitcoin networks.

Source

@Bitcoin_Blockchain_Trading


💰 Vivek Ramaswamy’s Strive to integrate Bitcoin as hedge against long-term economic risks

Strive Enterprises, an asset management firm co-founded by Vivek Ramaswamy, announced a new wealth management division on Nov. 1 that will integrate Bitcoin (BTC) into client portfolios, according to a Nov. 1 press release. The move aims to use Bitcoin as a hedge against expected long-term economic risks, including inflation, rising fixed-income yields, persistent geopolitical tensions, and restrictive monetary policies.

Source

@Bitcoin_Blockchain_Trading


💰 Trump reaffirms support for Bitcoin on Satoshi’s whitepaper anniversary

Former President Donald Trump marked the 16th anniversary of the Bitcoin (BTC) whitepaper with a pledge to end the “war on crypto,” presenting a stark alternative to current policy as he seeks support from crypto advocates ahead of the Nov. 5 election. Trump’s post on social media, which also targeted Democratic rival Kamala Harris, highlighted his commitment to a crypto-friendly approach and his plan to pardon Silk Road founder Ross Ulbricht.

Source

@Bitcoin_Blockchain_Trading


💰 Spot Bitcoin ETFs on track to overtak Satoshi Nakamoto’s BTC holdings by year-end

Bloomberg ETF analyst Eric Balchunas predicted that by December, US spot Bitcoin exchange-traded funds (ETFs) BTC holdings could eclipse those of Satoshi Nakamoto. Balchunas suggested that at their current accumulation pace — roughly 17,000 BTC weekly — the ETFs may surpass 1 million BTC next week. This puts them on track to outpace Nakamoto’s holdings, estimated to be around 1.1 million BTC, as early as December.

Source

@Bitcoin_Blockchain_Trading


💰 Bitcoin trades above $70,000 for first time in over seven months

Bitcoin topped $70,100 at 22:10 UTC, the first time the largest cryptocurrency by market capitalization crossed the $70,000 level in more than seven months, according to The Block’s Bitcoin price page. It has since retraced its move and is trading hands around $69,800 at press time.

Source

@Bitcoin_Blockchain_Trading


💰 UK central bank leader reassures cash’s place with rising Britcoin

Amid growing fears that Britcoin, the UK’s central bank digital currency (CBDC), is going to supplant cash, Bank of England (BOE) governor Andrew Bailey said that the central bank will continue to supply cash “for as long as people want.” Bailey was speaking at the Group of Thirty’s 39th Annual International Banking Seminar.

Source

@Bitcoin_Blockchain_Trading


💰 Bitcoin call options see surge in demand for first expiry after US election, Deribit CEO says

Derivatives traders are positioning for a bullish trajectory for bitcoin in the days after the U.S. election on Nov. 5, according to Deribit CEO Luuk Strijers. He added that data shows there are twice as many bitcoin call options as put options set for the Nov. 8 options expiry, the first expiry following the U.S. presidential election. Strijers added that the forward implied volatility is 72.29%, which indicates a potential price swing of around 3.78% in the days following the presidential election.

Source

@Bitcoin_Blockchain_Trading


🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising


💰 Saylor’s disparaging remarks about self-custody provoke Bitcoin community’s ire

MicroStrategy CEO Michael Saylor has dismissed the idea of a government seizure of Bitcoin as a “trope” while advocating for custodianship through large financial institutions over self-custody. In a recent appearance on the “Markets with Madison” podcast, Saylor addressed concerns from what he called “paranoid crypto-anarchists” who fear such seizures.

Source

@Bitcoin_Blockchain_Trading


💰 Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level

Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level. For the week, the price of bitcoin is up about 9% and trading around $68,800 at time of writing. Ethereum follows closely behind with a gain of 8.3% over the same period while Solana is up 7.2%, according to The Block's price page. Those gains outpace the rise in traditional market indices like the S&P 500 and the Nasdaq, which are up less than 1% over the past five trading sessions.

Source

@Bitcoin_Blockchain_Trading


💰 Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level

Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level. For the week, the price of bitcoin is up about 9% and trading around $68,800 at time of writing. Ethereum follows closely behind with a gain of 8.3% over the same period while Solana is up 7.2%, according to The Block's price page. Those gains outpace the rise in traditional market indices like the S&P 500 and the Nasdaq, which are up less than 1% over the past five trading sessions.

Source

@Bitcoin_Blockchain_Trading


💰 Bitcoin miner MARA warns AI mirrors 2000s internet boom, firms risk overbuilding infrastructure: Bernstein

In a recent interview with analysts at research and brokerage firm Bernstein, Fred Thiel, CEO of bitcoin miner MARA (formerly Marathon Digital), said the current AI environment resembles the early 2000s internet boom — and many companies, particularly smaller players, risk overbuilding infrastructure without sufficient demand.

Source

@Bitcoin_Blockchain_Trading


💰 Bitcoin ETFs records over $800 million inflows in 2 days, Ethereum remains quiet

On Oct. 11, Bitcoin ETF net inflows totaled $253.6 million. Fidelity’s FBTC ETF led the way with $117.1 million in inflows, while Ark’s ARKB ETF added $97.6 million. Bitwise’s BITB ETF posted $38.8 million in inflows, and Invesco’s BTCO said $7.9 million. VanEck’s HODL ETF contributed $14.3 million. Grayscale’s GBTC ETF, however, saw outflows of $22.1 million. Other funds, including those from BlackRock, Franklin, Valkyrie, and WisdomTree, remained flat.

Source

@Bitcoin_Blockchain_Trading


💰 Bitcoin on track for longest flat market in halving year history

Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn’t show significant upward movement within the next 14 days. Bitcoin achieved its highest return index during a halving year in 2020, when it hit 4.05 points, while 2016 marked the worst halving year in terms of returns, with the index only reaching 2.26 points.

Source

@Bitcoin_Blockchain_Trading

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