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On Nov 10, 2024, 00:58 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 77,000 USDT benchmark and is now trading at 77,034.007813 USDT, with a narrowed 0.79% increase in 24 hours.

On Nov 09, 2024, 17:08 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 76,000 USDT and is now trading at 75,977.578125 USDT, with a narrowed narrowed 0.14% increase in 24 hours.

According to U.Today, Bitcoin has experienced a significant surge, reaching new all-time highs as market optimism grows. Michael Saylor, the executive chairman of MicroStrategy, expressed his enthusiasm on social media with a message that resonated with the crypto community. This comes as the Federal Reserve's recent interest rate cut has provided a boost to Bitcoin, extending its rally over the past three days. On Thursday, Bitcoin achieved a record high of $76,999, and during Friday's trading session, it briefly surpassed the $76,000 mark again, reaching $76,483 before a slight pullback. As per CoinMarketCap data, Bitcoin is currently valued at $76,160, reflecting a 2% increase in the last 24 hours and a 7% rise over the past week. The cryptocurrency's impressive 80% gain in 2024 has outperformed traditional investments like global stocks and gold, driven in part by the Federal Reserve's interest rate reduction. The recent price surge follows months of consolidation and sideways market activity. Glassnode reports that while volatility remains in options markets, there is a steady increase in on-chain capital inflows, indicating a consistent demand for Bitcoin. U.S. Bitcoin ETFs have also seen unprecedented demand, with recent inflows matching the product's early success. In the last 24 hours alone, U.S. exchange-traded funds investing in Bitcoin recorded a record daily net inflow of $1.38 billion. Additionally, the Bitcoin Realized Cap has increased by 3.8% over the past 30 days, reaching an all-time high of $656 billion. This marks one of the highest levels of capital inflow since January 2023, with a net 30-day capital inflow of $2.5 billion. As the market continues to react to the Federal Reserve's decisions, investors are closely monitoring Bitcoin's next moves, with options markets pricing in increased volatility as they hedge their bets in both directions.

According to PANews, Tom Lee, the former chief equity strategist at JPMorgan and co-founder and head of research at FundStrat Global Advisors, recently shared his insights in an interview with CNBC. Lee suggested that Bitcoin could emerge as a treasury reserve asset, potentially aiding in addressing the United States' deficit issues. He emphasized the significant growth potential of Bitcoin, predicting that it could still reach $100,000 this year. Lee's comments highlight the ongoing discussions around Bitcoin's role in the global financial system. As governments and financial institutions explore alternative assets, Bitcoin's decentralized nature and limited supply make it an attractive option for some as a hedge against inflation and economic instability. The idea of Bitcoin as a treasury reserve asset is gaining traction, with proponents arguing that it could provide a stable store of value and diversify national reserves. The prediction of Bitcoin reaching $100,000 reflects the optimism among some analysts regarding its future performance. Despite the volatility and regulatory challenges that cryptocurrencies face, the potential for substantial returns continues to attract investors. Lee's perspective adds to the broader conversation about the evolving role of digital currencies in traditional financial systems and their potential impact on economic policies.

According to PANews, recent data from Arkham reveals a notable movement of Bitcoin from ARK Invest's Bitcoin Exchange-Traded Fund (ETF), ARKB 21Shares. Approximately 15 hours ago, a total of 1,029 BTC, valued at $79.2 million, was transferred to an unknown address beginning with 'bc1qr'. This transaction has caught the attention of market observers due to its substantial size and the anonymity of the receiving address. The transfer highlights ongoing activity within the cryptocurrency market, where large movements of digital assets can often signal strategic financial maneuvers or shifts in investment strategies. Such transactions are closely monitored by analysts and investors alike, as they can provide insights into market trends and potential future developments. The identity of the recipient address remains undisclosed, adding an element of intrigue to the transaction. This event underscores the dynamic nature of the cryptocurrency market, where transparency and anonymity coexist, offering both opportunities and challenges for stakeholders. As the market continues to evolve, the implications of such large-scale transfers will be closely scrutinized by those involved in the digital asset space.

According to BlockBeats, recent data from IntoTheBlock indicates a significant increase in large Bitcoin transactions following the election. On Wednesday, the transaction volume peaked at $90 billion, highlighting a noticeable rise in whale activity. This surge suggests that major investors are actively engaging in the market, potentially influencing Bitcoin's price dynamics. The increase in large transactions could be attributed to strategic moves by these investors in response to the election outcomes, reflecting their impact on the cryptocurrency landscape. As the market adjusts to these developments, the heightened activity among whales may play a crucial role in shaping Bitcoin's future trends.

According to PANews, data from SoSoValue indicates that on November 8, Bitcoin spot ETFs experienced a total net inflow of $293 million. This development highlights the growing interest and investment in Bitcoin-related financial products. On the same day, Grayscale's Bitcoin Trust (GBTC) reported no net inflow or outflow, maintaining its historical net outflow at $20.188 billion. Similarly, Grayscale's Bitcoin Mini Trust ETF also saw no net movement, with its historical total net inflow standing at $542 million. Among the Bitcoin spot ETFs, BlackRock's ETF IBIT recorded the highest single-day net inflow of $206 million, bringing its historical total net inflow to $27.387 billion. Fidelity's ETF FBTC followed with a net inflow of $33.5197 million, contributing to its historical total net inflow of $10.761 billion. As of the time of reporting, the total net asset value of Bitcoin spot ETFs stands at $78.908 billion. The net asset ratio, which compares the market value of ETFs to the total market value of Bitcoin, is at 5.21%. The cumulative historical net inflow for Bitcoin spot ETFs has reached $25.788 billion, reflecting the sustained interest and investment in these financial instruments.

According to BlockBeats, Ari Paul, the founder and Chief Information Officer of digital asset investment firm BlockTower, shared insights on social media on November 9 regarding the current state of the cryptocurrency market. Paul indicated that the market is in the early stages of the latter part of an overall bull market, estimating progress at approximately 66% to 70%. He noted that recent buyers are preparing for a price increase over the next 6 to 12 months, with institutional investors playing a more significant role than retail speculators. Paul anticipates a gradual rebound in the market during this phase, with Bitcoin potentially reaching values of $90,000 or even $125,000. He expects retail participation to increase gradually, which will lead to rising leverage and volatility. In his view, purchasing suitable assets and holding them for the coming months could be the most prudent strategy. As the bull market progresses, more aggressive trading strategies are likely to yield rewards.

According to BlockBeats, data from the Bloomberg Terminal on November 9 indicates that BlackRock's IBIT experienced a net inflow of $205.1 million yesterday. This substantial movement highlights the ongoing interest and investment in BlackRock's offerings, reflecting broader market trends and investor confidence.The inflow into BlackRock's IBIT is noteworthy as it underscores the firm's position in the financial market, particularly in the context of current economic conditions. Such significant capital movements can influence market dynamics and investor strategies, potentially impacting related financial instruments and sectors. As investors continue to navigate the complexities of the market, the inflow into BlackRock's IBIT may serve as an indicator of prevailing investor sentiment and market direction.This development comes amid a backdrop of fluctuating market conditions, where investors are keenly observing economic indicators and policy changes. The substantial inflow into BlackRock's IBIT could be seen as a strategic move by investors seeking to capitalize on potential opportunities or hedge against uncertainties. As the financial landscape evolves, such data points provide valuable insights into investor behavior and market trends.

According to Odaily, Lookonchain recently shared insights on the X platform, analyzing various indicators to assess Bitcoin's current market status. Despite Bitcoin reaching an all-time high, several metrics suggest that it has not yet hit the peak of a bull market.The analysis considered several key indicators, including the Rainbow Chart, Relative Strength Index (RSI), 200-Week Moving Average Heatmap, Cumulative Value Days Destroyed (CVDD), and the 2-Year MA Multiplier. These tools are commonly used to evaluate Bitcoin's market trends and potential future movements.The Rainbow Chart, a long-term valuation tool, visually represents Bitcoin's price movements over time, indicating potential buying or selling opportunities. Meanwhile, the RSI, a momentum oscillator, measures the speed and change of price movements, helping to identify overbought or oversold conditions. The 200-Week Moving Average Heatmap offers insights into long-term price trends, while the CVDD tracks the cumulative value of coins destroyed, providing a historical perspective on market activity. Lastly, the 2-Year MA Multiplier is used to identify potential market tops and bottoms by comparing the current price to a long-term moving average.These indicators collectively suggest that while Bitcoin has achieved significant price milestones, it has not yet reached the zenith typically associated with a bull market peak. This analysis provides valuable insights for investors and market watchers, highlighting the importance of considering multiple metrics when evaluating Bitcoin's market position.

On Nov 08, 2024, 19:30 PM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 77,000 USDT benchmark and is now trading at 77,000 USDT, with a narrowed 0.94% increase in 24 hours.

According to Decrypt, BlackRock, the world's largest asset manager, has achieved a significant milestone as its iShares Bitcoin Trust ETF (IBIT) now holds more net assets than its iShares Gold ETF (IAU). This development is noteworthy considering the Bitcoin ETF was only launched in January, while the Gold ETF has been available since 2005. BlackRock acquired the iShares brand from Barclays in 2009. As of the market close on Thursday, BlackRock's spot Bitcoin ETF has amassed $33.17 billion in value, surpassing the Gold ETF's $32.96 billion in net assets.Bitcoin and gold are often compared as stores of value, with Bitcoin frequently dubbed "digital gold" by cryptocurrency enthusiasts. The surge in BlackRock's Bitcoin ETF was notably influenced by Donald Trump's re-election, which has positively impacted market sentiment. Following Trump's return to the White House, the Bitcoin ETF experienced its highest-ever daily trading volume of $4.1 billion, surpassing the daily volume of major stocks like Netflix, Visa, and Berkshire Hathaway during the same period. This indicates strong investor confidence that Trump's administration will support the cryptocurrency industry and ease regulatory pressures.On Thursday, BlackRock recorded its largest-ever net inflow for the iShares spot Bitcoin ETF, amounting to $1.12 billion. Pav Hundal, lead market analyst at crypto exchange Swyftx, described the current market conditions as a "goldilocks scenario" characterized by monetary easing, political stability, and robust U.S. economic data. He noted that capital is flowing into ETFs at an unprecedented rate. Among the 11 spot Bitcoin ETFs available on Wall Street, BlackRock's is the largest, with Grayscale's ETF being the second-largest, holding $16.79 billion worth of Bitcoin, which is approximately half the size of BlackRock's ETF.

On Nov 08, 2024, 5:19 PM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 76,000 USDT benchmark and is now trading at 76,014.242188 USDT, with a narrowed 0.24% decrease in 24 hours.

According to Odaily, German parliament member Joana Cotar has expressed her views on the potential impact of the United States purchasing Bitcoin as a strategic reserve. Cotar stated that if the U.S. were to make such a move, it could trigger a fear of missing out (FOMO) among European nations, prompting them to consider similar actions.Cotar's comments highlight the growing interest and potential geopolitical implications of Bitcoin as a strategic asset. As digital currencies continue to gain traction globally, the actions of major economies like the United States could significantly influence the financial strategies of other countries. The notion of Bitcoin being used as a strategic reserve underscores its evolving role in the global financial landscape.The idea of countries holding Bitcoin as part of their reserves is not entirely new, but Cotar's remarks bring attention to the potential ripple effects such a decision by the U.S. could have across Europe. As nations navigate the complexities of digital currencies, the strategic decisions made by leading economies will likely play a crucial role in shaping the future of global finance.

According to BlockBeats, Elon Musk's net worth has continued to rise, surpassing the $300 billion mark. This milestone places Musk among the wealthiest individuals globally, reflecting the ongoing success and growth of his business ventures. Musk's financial ascent is attributed to the performance of his companies, particularly Tesla and SpaceX, which have seen significant advancements and market value increases.Musk's achievement highlights the dynamic nature of the global wealth landscape, where technological innovation and strategic business decisions play crucial roles in wealth accumulation. His ventures have consistently pushed the boundaries of technology and transportation, attracting substantial investor interest and driving up stock prices. This financial milestone underscores Musk's influence in the tech industry and his role as a leading figure in shaping future technological trends.The increase in Musk's net worth also reflects broader economic trends, including the rising valuation of tech companies and the growing importance of sustainable energy solutions. As Tesla continues to expand its market presence and SpaceX advances its space exploration goals, Musk's financial trajectory is likely to remain a focal point in discussions about wealth and innovation in the coming years.

According to BlockBeats, on November 8, Bitcoin Magazine CEO David Bailey shared insights on social media regarding the current Bitcoin bull market cycle. Bailey expressed that this cycle is expected to be significantly extended compared to previous ones. Historically, Bitcoin experiences a price increase, often referred to as 'Number Go Up' (NgU), approximately 18 months after a halving event. However, Bailey noted that six months have already passed since the last halving, and it is now evident that the influx of capital will not peak within the next 12 months.Bailey further elaborated that the current market dynamics suggest a prolonged bull market cycle, potentially lasting three to four years before reaching a cooling-off period. This extended duration contrasts with previous cycles, indicating a shift in the market's behavior and the factors influencing Bitcoin's price movements. The CEO's comments highlight the evolving nature of the cryptocurrency market and the potential for longer-term growth trends. As the market continues to develop, investors and analysts are closely monitoring these changes to better understand the future trajectory of Bitcoin and other cryptocurrencies.

According to BlockBeats, data from Farside Investors reveals that all major publicly listed Bitcoin miners have reported their production figures for October. The total Bitcoin production saw a month-on-month increase of 13%, reaching 3,630 BTC. This growth was observed across all mining companies except for WULF, which did not report an increase in production. The data highlights a significant uptick in Bitcoin mining output, reflecting the ongoing adjustments and optimizations within the industry. This increase in production comes amid a backdrop of fluctuating market conditions and technological advancements in mining operations. The report underscores the resilience and adaptability of the mining sector, as companies continue to enhance their capabilities to meet the growing demand for Bitcoin. The performance of these miners is closely watched by investors and market analysts, as it provides insights into the operational efficiency and strategic direction of the industry. The increase in Bitcoin production is a positive indicator for the market, suggesting a robust mining environment and potential for future growth. As the industry evolves, miners are expected to continue optimizing their operations to capitalize on the opportunities presented by the cryptocurrency market.

On Nov 08, 2024, 09:19 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 76,000 USDT benchmark and is now trading at 76,002 USDT, with a narrowed 1.30% increase in 24 hours.

According to BlockBeats, the Australian Monochrome Spot Bitcoin ETF (IBTC) has reported a significant milestone in its holdings. As of November 7, the ETF's Bitcoin holdings have reached a total of 187 BTC. This development highlights the growing interest and investment in Bitcoin through exchange-traded funds in the Australian market. The Monochrome Bitcoin ETF, which allows investors to gain exposure to Bitcoin without directly purchasing the cryptocurrency, has been steadily increasing its holdings. This increase reflects a broader trend of institutional and retail investors seeking to diversify their portfolios with digital assets. The ETF's growth is indicative of the rising acceptance and integration of cryptocurrencies into mainstream financial products. This achievement by Monochrome comes amid a backdrop of increasing regulatory scrutiny and evolving market dynamics in the cryptocurrency sector. As more investors look for regulated and secure ways to invest in Bitcoin, ETFs like Monochrome's are becoming an attractive option. The fund's ability to accumulate 187 BTC underscores its role in facilitating access to Bitcoin for a wider audience, contributing to the overall maturation of the cryptocurrency market.