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Bitcoin soars above $71,000, showing strongest daily performance in monthsBlackRock's Bitcoin ETF attracted over $300 million in inflows in one dayPre-election market sentiment sparks broad crypto rallyOver $175 million of leveraged short positions were closed out.Altcoin market shows new strength with double-digit gains in some tokensThe crypto market showed strength on Tuesday, October 29, 2024, with Bitcoin topping $71,000, its highest level in four months. Trading activity surged across major exchanges, with daily trading volume reaching $48 billion.Market data showed that momentum is clearly shifting, with buyers dominating the trading session across Asian and European markets. The price change caused…

Appearing on CNBC's “Squawk Box,” Matthew Siegel, head of digital asset research at investment firm VanEck, predicted that the potential adoption of Bitcoin by BRICS countries would lead to major changes in global trade dynamics. Mr. Siegel's insights come as concerns about fiscal policy grow in the United States and emerging economies step up efforts to circumvent traditional financial systems. “Once the election results are confirmed, we believe Moody's will downgrade U.S. Treasuries, which could be a catalyst for Bitcoin,” Siegel said. He emphasized BTC's unique properties, saying, “Bitcoin is a chameleon.” It's hard to predict what that correlates with.…

It was a bad day for the bears as Bitcoin rose to a seven-month high, triggering massive liquidations. Posted on October 29, 2024 at 4:00 AM EST. Bitcoin breached the $71,000 mark on Monday, rising 5% to March levels when the digital currency traded at all-time highs. This price movement triggered a wave of liquidations on major crypto exchanges, hitting short sellers the hardest. Data from CoinGlass show In the 24 hours leading up to this article, a total of $238 million was liquidated, of which $176 million came from short positions alone. Bitcoin traders confirmed that $35.5 million was…

Germany's first GDP figures for the third quarter will confirm further recession in Europe's largest economy. Eurozone GDP may also be dragged down by Germany's weakness, with falling inflation a sign of a worse outcome. Contrast with strong US growth could put further pressure on EUR/USD. Sick Man of Europe – That not-so-flattering nickname for the German economy has resurfaced. The term was first used in the early 2000s, when the former continent's largest economy was struggling with high unemployment, low productivity, and an ongoing struggle for unification. This time, Germany is also plagued by other problems, including overreliance on…

CHICAGO, IL, Oct. 28, 2024 (Globe Newswire) — Crypto Dispensers, a pioneering cryptocurrency company, is redefining How to access Bitcoin for beginners By becoming the go-to option for those new to the digital currency space. To celebrate, Crypto Dispensers is offering $25 free to all new users who make their first cash deposit at a participating retailer. This special promotion allows first-time users to instantly purchase Bitcoin using their Crypto Dispensers account and experience the easiest and most beginner-friendly way to enter the world of cryptocurrencies. Crypto Dispensers goes beyond traditional platforms and focuses on simplifying Bitcoin purchases for beginners…

Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Cutushi made headlines with a 46% jump in pre-sales and has emerged as a strong competitor in the meme coin market to established tokens such as Toncoin and Sui. The meme coin craze is at its peak, with all eyes on CUTO, which has surged an explosive 46% to break out of the pre-sale. In an Ethereum-driven market where token after token is reaching new heights, CUTO’s blend of memetic energy and real-world practicality has investors excited. With the…

Ethereum is performing well, but is well below other top altcoins such as Solana and BNB. As it stands, the coin has been stable over the past day, but has fallen by 2% in trading over the past week. Technically, the seller is in control and can crush any attempt by the buyer to gain momentum. Traders can wait for a close above $2,600 to consider going long, but a better entry could open if the coin breaks above $2,800 and August highs. Before that, the bearish range from August 2nd to 6th defines the medium-term price trajectory.Looking at the…

Ripple co-founder Chris Larsen made headlines this week after donating more than $1.8 million to Vice President Kamala Harris' presidential campaign. Bitcoin and Ether fell 1.2% and nearly 5%, respectively. At DC Fintech Week, Ripple CEO Brad Garlinghouse expressed optimism about the future of crypto regulation in the United States. He believes that the upcoming election could lead Congress to adopt a more supportive stance toward cryptocurrencies than in previous years. Larsen’s support for Harris stems from concerns about the current approach to cryptocurrencies by Sen. Elizabeth Warren and others, which Larsen described in an interview with CNBC as a…

Popular cryptocurrency strategist Benjamin Cowen warns that certain macroeconomic data could derail Bitcoin's (BTC) breakout above $70,000. Cowen told his 873,000 followers on social media platform He said he believed it would be decided. The analyst said Bitcoin has historically rallied during the fourth quarter of a halving, but if BTC takes cues from macroeconomic data and follows monetary policy's view, the expected surge could be delayed by several months. It is pointed out that there is. “According to the cyclical view of BTC, BTC should rise in the fourth quarter of 2024. The monetary policy view says it will…

Miami, FL – June 4: MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention. … [+] Cryptocurrency Conference held at the Mana Convention Center in Wynwood, Miami, Florida on June 4, 2021. The crypto conference is expected to attract 50,000 attendees and will run from Friday, June 4th to June 6th. (Photo by Joe Radle/Getty Images)Getty Images Since MicroStrategy CEO Michael Saylor has gone down the Bitcoin path and made Bitcoin the company's primary reserve asset, he has become one of the leading voices in the Bitcoin community and advocated for Bitcoin's main role for enterprises. I became a…