Perhaps due to the massive outflows from the spot Bitcoin ETFs yesterday or some Mt Gox-related FUD, BTC’s price tumbled hard but managed to recover all losses.

The altcoins are relatively sluggish today as well, aside from the two largest meme coins, which have posted impressive gains.

Bitcoin Dumps and Recovers

After it failed to break into uncharted territory last Tuesday, bitcoin started to lose traction gradually and slipped to $72,000 on Wednesday and Thursday. The landscape worsened on

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Dogecoin pumped substantially following Elon Musk’s latest comments on a possible “D.O.G.E.” government department.

Analysts speculate on DOGE’s potential for $1, with some citing Trump’s possible victory as a factor that could drive sustained hype.

DOGE’s Rally

The cryptocurrency sector is slightly in the red today (November 5), with its global market capitalization dropping by over 2% to around $2.38 trillion (per CoinGecko’s data). Bitcoin (BTC) currently trades at around $68,500 (r

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Analysts foresee the potential for a massive SHIB rally, driven by numerous factors, such as the advancement of Shibarium.

One market observer believes the meme coin has a 50/50 chance to outperform its biggest rival, Dogecoin (DOGE), in this bull cycle.

New ATH Under These Conditions

Shiba Inu (SHIB) has had a turbulent year so far. It experienced a major bull run in March but erased much of the gains in the following months. Currently, it is worth around $0.00001765 (per Coingecko’s

British pension firm Cartwright has advised the allocation of 3% BTC to an unnamed pension fund, which has invested directly in the asset rather than via an exchange-traded fund.

The company is now urging institutional investors to allocate assets into Bitcoin, according to a Nov. 4 report from industry magazine Corporate Advisor.

As a percentage, this is thirty times higher than the Wisconsin Pension Fund’s allocation and the largest allocation of any Sovereign Fund in the world so far, obser

November 5 is finally here, and all eyes are on the United States as the country elects its next president – whether it will continue with its Democratic views as it did during the past four years or it will go back to the previous cycle when Republican candidate Donald Trump was in charge.

As such, it’s interesting to examine how local investors behaved during the last full trading day before the elections, at least in terms of regulated spot cryptocurrency exchange-traded funds.

BTC ETF Stre

The FTX collapse of November 2022 continues to serve as a stark reminder of the necessity for rigorous asset monitoring. This event catalyzed a shift toward transparency, with crypto exchanges now disclosing more about their reserves and user fund management.

As November 6th marks two years since the collapse, only Bitfinex and Binance witnessed their Bitcoin reserves grow out of the major exchanges.

Major Exchanges Ramp Up PoR Efforts

According to the latest report by CryptoQuant, of the maj

In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations.

The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector.

Downsizing Metaverse Unit

According to the report by South China Morning Post, which is also owned by Alibaba, this move has affected “dozens” of employees. The layoffs reportedly impacted Yuanjing’s operati

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Analysts foresee a potential XRP rally, envisioning a surge to $0.90 if the asset clears crucial resistance points, despite recent underperformance.

The US presidential election results could fuel enhanced volatility for the entire crypto market and Ripple’s native token particularly.

‘Bearish Outlook or a Strong Bullish Trend?’

Despite its slight resurgence in the past 24 hours, Ripple’s XRP remains one of the poorest performers (from crypto’s top 10 list) on a monthly scale. It curre

Binance co-founder Yi He has spoken to recent speculation about listing fees on the platform, assuring the community that it operates with transparent policies.

The address came in response to allegations by Moonrock Capital CEO Simon Dedic of costly listing fees on Binance.

Binance Accused of Charging Exorbitant Fees for Crypto Listing

On October 31, Dedic took to X with a claim that Binance demanded 15% of a project’s token supply for a listing. He used the example of an unnamed tier 1 proj

Bitcoin (BTC) could be gearing up for a historic $100,000 pump, and, according to crypto analysts, the upcoming U.S. presidential election may yet play a key role.

According to experts, the cryptocurrency may achieve this price milestone regardless of who wins. However, they suggest a Trump victory could serve as a short-term catalyst, boosting its momentum much faster.

Election’s Influence on Bitcoin Price Action

The market watchers have noted that on previous occasions, bitcoin’s performanc

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Binance’s support for certain tokens drives price surges, as seen with recent additions.

Delistings from the platform often lead to significant drops for affected tokens.

The Binance Effect

Most leading cryptocurrencies have recorded little to no price volatility in the past 24 hours, seemingly preparing for action after the final results of the US presidential elections (set for November 5).

However, some assets still charted substantial gains amid the overall consolidation. One exam

Meme coins aren’t just speculative assets. They have slowly started representing a symbolic rebellion against established financial norms, aligning with the demographic and ideological shifts shaping modern markets, as highlighted by Binance Research’s latest report.

Since 2022, the collective market cap of meme coins, measured as a share of Total 3 (the crypto market excluding BTC, ETH, and stablecoins), has nearly tripled from 4% to 11%, driven in part by a sense of financial disillusionment

With BTC’s value nearing its all-time high of $73,700 a few days ago, Bitcoiners seemed poised to see a new price high for their favorite crypto asset.

Even Bitcoin miners are not left out in the anticipation. A CryptoQuant report confirms that the network’s mining difficulty and hash rate have unlocked new heights. This record shows that more mining machines have joined the bandwagon, sparking competition in the ecosystem.

Bitcoin Mining Competition on the Rise

Bitcoin adopts a proof-of-work

The excitement surrounding a potential Republican victory spurred $2.2 billion in weekly inflows, pushing year-to-date inflows to a whopping $29.2 billion. This increase, along with rising prices, propelled assets under management past $100 billion. Interestingly, this level was last seen in early June 2024, when AuM hit $102 billion.

As a result, the trading volume surged 67% over the week, totaling $19.2 billion and comprising 35% of all bitcoin trading on reliable exchanges.

Republican Win

PNUT, a Solana-based meme coin, has witnessed an astronomical surge in trading activity, with its market cap skyrocketing to over $120 million less than three days after its launch.

The meme coin was inspired by Peanut the Squirrel, a social media-famous pet squirrel that was recently confiscated and euthanized by the New York State Department of Environmental Protection for rabies testing.

Peanut the Squirrel became an internet sensation after its caretaker, Mark Longo, posted heartwarming pi

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Meme coins tied to the US presidential contenders have recorded substantial price swings in the past 24 hours.

The election results are expected to impact BTC volatility, influenced by differing candidate views on crypto regulation and industry support.

The Presidential Battle

The highly anticipated presidential elections in the United States (November 5) seem to have already caused enhanced volatility in the meme coin niche. Some of the most affected tokens include those related to th

Over the weekend, bitcoin’s value slumped from over $71,000 to a depth of $67,700. This price drop paved the way for some whales to acquire the leading cryptocurrency.

According to on-chain data that the blockchain analytics platform Lookonchain shared via X, five whales bought 2,780 BTC (worth $192.4 million) since November 1st.

Whales Accumulate BTC

These whale accounts withdrew their BTC stash from Binance and moved it to other bitcoin wallets. Such asset movement from crypto exchanges ind

Bitcoin’s price experienced some volatility during the weekend, but the daily scale shows little to no movement. However, fireworks are expected in the next few days.

Even the more volatile by nature altcoins stand quiet today, with XRP being the biggest gainer and LINK the most substantial loser from the larger caps.

BTC Calms Ahead of Elections

Last Monday started on a more positive note for the primary cryptocurrency, which continued and culminated on Tuesday. At the time, the asset skyroc

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Ripple-SEC lawsuit continues, with the next key filing due by January 2025.

Bitcoin’s price recently surged to nearly $73,600 before dropping to around $67,400, potentially influenced by political factors.

Ethereum plunged from $2,700 to $2,400, with analysts watching key support levels.

The Prolonged Lawsuit

The legal battle between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing approximately four years after its start. It all began in 2020 when the agency

There will be a new president in the White House this week, and the victor will have a huge impact on the crypto landscape in the United States over the next few years.

“Regardless of who wins, we should see elevated volatility in the coming days,” commented the Kobeissi Letter.

Meanwhile, industry experts and analysts have been airing their thoughts over the weekend.

Up or Down After Election?

Capriole Fund founder Charles Edwards opined that he didn’t think there would be much of a dip if