$BTC 85K 🚀🚀

I hope you’re enjoying this rally with me 💪
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💰 Top 11 Bitcoin miners see monthly production rise 13% in October despite rising difficulty

The top 11 Bitcoin mining companies by market capitalization have achieved record monthly production levels in October, the highest since the April halving event. Data from Farside shows that every major publicly listed miner, except Terawulf, posted month-over-month production growth. Collectively, these companies increased production by 13%, bringing total Bitcoin mined in October to 3,630 BTC.

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💰 BlackRock’s spot bitcoin ETF sees record-breaking $4 billion traded on Election Day

BlackRock’s iShares Bitcoin Trust (IBIT) logged its largest daily trading volume on Wednesday, U.S. presidential election day, which saw pro-crypto Republican candidate Donald Trump reclaim the White House. “For context, that's more volume than stocks like Berkshire, Netflix or Visa saw today,” Bloomberg Senior ETF Analyst Eric Balchunas commented on X.

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🇺🇸 Crypto stocks rally as markets react optimistically to Trump election victory

In premarket trading, stocks linked to the cryptocurrency market saw notable gains, with Coinbase up 12% and MicroStrategy climbing 13%, as markets reacted positively to Donald Trump’s election victory. Futures on the Dow Jones Industrial Average surged by over 1,312 points, or 3.1%, while S&P 500 futures gained 2.12% and Nasdaq 100 futures rose 1.53%.

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💰 Mt. Gox moves $2 billion in Bitcoin, sparking speculation of additional repayments

Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence. Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to an unknown wallet address labeled “1FG2C.” About an hour later, around 2000 BTC was transferred to the address “15gNR.”

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💰 Bitcoin price falls, forward volatility jumps as traders brace for election: Analyst

As former President Donald Trump's odds of victory on prediction markets have slipped following a spate of positive polling results for Democrats, even falling briefly below Vice President Kamala Harris' odds of victory on US-regulated market Kalshi, Bitcoin's price has fallen and volatility has widely increased. The price of Bitcoin had fallen from a recent high of about $72,600 on Oct. 31 to a low of about $67,500.

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1 = 80,000$

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Analysts eye 'Uptober' rally if bitcoin stays above $60,000 amid stock market gains

QCP Capital analysts remain hopeful for a bullish "Uptober" rally, contingent on bitcoin holding above the $60,000 support level. "U.S. equities indices have rallied, with the S&P 500 notching a new high, although the same level of optimism has yet to be seen in crypto, but we remain hopeful of an 'Uptober' rally as long as the $60,000 key support level remains intact," QCP Capital analysts said.

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💰 IMF urges El Salvador to narrow Bitcoin laws amid loan negotiations

The International Monetary Fund (IMF) has recommended that El Salvador narrow the scope of its Bitcoin (BTC) law and strengthen regulatory oversight during ongoing talks regarding a potential lending program, Bloomberg News reported, citing IMF Director of Communications Julie Kozack. The discussions, held in Washington, focused on measures to enhance economic governance and bolster public finances.

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#DXY had a sharp jump due to conflict and signs of war and had a Bullish Engulfing candlestick pattern in the Weekly TF. Price on Daily TF, tapped into a resistance now and index might hodl for a while next week, before going any more up. Overall, market will me impacted towards down in this case.

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⚡️ The West and Ukraine have decided that the basis for negotiations could be security guarantees in exchange for Russia's control over the territories it has occupied — Financial Times

According to the newspaper, this would be a tacit agreement that these lands should be returned diplomatically in the future.

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💰 Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs?

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Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs?

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💰 Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The recent approval by the U.S. Securities and Exchange Commission (SEC) for BlackRock to list and trade options for its spot Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (ticker: IBIT), has added a new layer of complexity to the cryptocurrency landscape, analysts say. CryptoQuant analysts have raised a crucial question: Could this shift lead to decreased demand for physical Bitcoin as more institutional traders turn to "paper" derivatives instead of directly investing in spot bitcoin ETFs?

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🇺🇸 FED's Bostic says he is open to another 50bps interest rate cut in November.

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🇺🇸 Niraj Antani, Ohio State Senator introduces bill to require Ohio to accept #Bitcoin💰 for taxes.
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💰 US Bitcoin ETFs Close In on Satoshi’s BTC Stash, Holding 924,768 BTC

Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn’t include the hefty BTC stash held by Grayscale’s GBTC, which has experienced a total outflow of $20 billion. Right now, these bitcoin funds hold an impressive 924,768.09 BTC, and if they continue scooping up BTC at their current pace, they could surpass Satoshi Nakamoto’s famous 1 million BTC in just over a month.

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🔥 ECB cuts interest rates again by 0.25 percentage points.

The FED is next 🚀

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#STX (update)

After a long downtrend, we've finally broken out of the channel.

A massive bullish rally could be on the horizon! 📈

Target: 2.73 (+83.93%). Will the rally hold strong? 💪

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#FET (update)

Running in +25% Profit So Far😎

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