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🚀 Bitcoin Bulls Set Their Sights on $70K 🚀 Bitcoin’s surge isn’t just fueled by market dynamics; it’s riding a political wave too. As Donald Trump’s political presence re-emerges stronger, we see bullish behavior in the crypto market, particularly Bitcoin. 🔥 Key Insights: 🔷 Trump Effect: As Trump regains political traction, his supportive stance towards crypto is injecting confidence into Bitcoin bulls. 🔷 Price Target: Analysts are now aiming for the $70,000 mark, driven by renewed investor interest and positive political signals. 🔷 Market Sentiment: The market is buzzing with optimism. Historic data shows geopolitical influences often impact Bitcoin's trajectory significantly. Bitcoin’s resilience is a testament to its growing maturity in the financial world. Are we entering a new era of political-crypto symbiosis? 📊 Data Point: Bitcoin has already shown a remarkable recovery, making startling gains in recent months. Some experts believe this could be just the beginning. Are your portfolios ready for another Bitcoin boom? 🌟 Your thoughts? Is political influence a significant driver for Bitcoin's future? Share your insights below! 👇 #Bitcoin #BTC #Crypto #Trump #CryptoMarket #Blockchain #DigitalAssets Read More:

🚀 Bitcoin Surges Beyond $93,000 Amid Political and Institutional Backing 🚀 Bitcoin’s remarkable climb past the $93,000 mark reflects a perfect storm of supportive political shifts and surging institutional interest. Recent political developments, including the U.S. administration’s strong stance in favor of crypto, are setting the stage for the U.S. to become a major crypto hub, with discussions around a potential national Bitcoin reserve boosting market optimism. The approval of spot Bitcoin ETFs by the SEC has opened doors to substantial institutional investments, pushing BTC to unprecedented heights. However, while investor sentiment remains high, some caution that elevated leverage and market euphoria could lead to volatility. For those in Dubai’s dynamic finance scene, this surge is a timely reminder of crypto's evolving role in the global investment landscape. At Exchange Desk, we provide solutions to help our clients harness the power of these trends in both real estate and crypto markets. #Bitcoin #Crypto #DigitalAssets #InstitutionalInvestment #DubaiFinance #WealthManagement

Bitcoin rate today: level near $72k with Fed cues, elections in emphasis Bitcoin traded flat on Thursday after an excellent run-up to near-record highs today, with traders now waiting more cues on the united state economy and the governmental elections. The world’s largest cryptocurrency led a rally throughout crypto markets this week in the middle of increased bank on a Donald Trump presidency, which can herald friendlier crypto guidelines in the coming years. Bitcoin continued to be little bit changed at $71,855.0 by 09:40 ET (13:40 GMT). Bitcoin near document highs with political elections in focus The globe’s biggest crypto was currently trading less than $2,000 away from a record high of $73,798. Bitcoin had actually hit the height in March, and had traded mostly rangebound ever because, till October. The token was trading up nearly 80% till now this year with its gains in October. Recent gains were due to mainly by increased conjecture over a Trump victory, as on the internet prediction markets placed him well ahead of Vice President Kamala Harris......... https://lnkd.in/eBTwSTF5

🚀 Bitcoin Surges Beyond $93,000 Amid Political and Institutional Backing 🚀 Bitcoin’s remarkable climb past the $93,000 mark reflects a perfect storm of supportive political shifts and surging institutional interest. Recent political developments, including the U.S. administration’s strong stance in favor of crypto, are setting the stage for the U.S. to become a major crypto hub, with discussions around a potential national Bitcoin reserve boosting market optimism. The approval of spot Bitcoin ETFs by the SEC has opened doors to substantial institutional investments, pushing BTC to unprecedented heights. However, while investor sentiment remains high, some caution that elevated leverage and market euphoria could lead to volatility. For those in Dubai’s dynamic finance scene, this surge is a timely reminder of crypto's evolving role in the global investment landscape. At TAA we provide solutions to help our clients harness the power of these trends in both real estate and crypto markets. #Bitcoin #Crypto #DigitalAssets #InstitutionalInvestment #DubaiFinance #WealthManagement #AssetsAdvisors https://lnkd.in/dVXEXgpf

I believe BTC could reach $100k before the end of 2024 but we might get a pullback to the $80k-$95k range as $100k is a major psychological zone, everyone is eyeing this level. Regardless, I view the potential crypto-friendly regulation to be the most important fuel to push BTC to $100k+ - 48 out of 48 candidates backed by crypto’s biggest PAC won, and in total, there are 219+ Pro-crypto candidates - BTC US ETFs saw a new high in the daily inflow of $1.36B, which indicates institutional investors are becoming more optimistic about the future outlook of Bitcoin - With the anticipation of crypto-friendly regulation, I believe we should see more institutional investors like pensions, RIAs, state governments, and public companies start allocating to crypto, which could fuel BTC to rise above important price levels. Some examples include: 1. The State of Michigan Retirement System invested $10M in spot ETH ETFs 2. Semler Scientific owns 1,058 Bitcoin 3. Microstrategy announcing the plan to buy $42B more Bitcoin in the next 3 years However, it is also important to understand there will always be pullbacks in the market. Current BTC Open Interest is at the highest level since Feb 2024, which could be an indication of overleveraged in the market at the moment Thank you Cointelegraph for quoting! Disclaimer: Not Financial Advice

## Crypto Market Navigates Turbulence: Fear & Greed Collide with Regulatory Winds The crypto market is currently caught in a whirlwind of conflicting forces. While fear grips investors, regulatory developments and emerging opportunities offer glimmers of hope for a potential rebound. Fear Takes Hold: The Fear & Greed Index has plummeted to its lowest level since early 2023, reflecting the widespread anxiety gripping the market. This sentiment is fueled by a recent wave of liquidations, with over 234,518 traders losing $679.38 million in the last 24 hours. Bitcoin and Ethereum, the two leading cryptocurrencies, have both experienced significant price drops, hovering around $54,300 and $3,400 respectively. Regulatory Clarity Emerges: Amidst the turmoil, the CFTC Chair's recent testimony reiterating Bitcoin and Ethereum's classification as commodities offers a beacon of hope. This move towards regulatory clarity could pave the way for increased institutional investment and market stability. Government Actions Impact Sentiment: Government actions have played a significant role in shaping market sentiment. While the US and German governments moving large amounts of Bitcoin to centralized exchanges has contributed to negative sentiment, Germany's recent recovery of $200 million worth of Bitcoin from exchanges has injected a much-needed dose of optimism. AI Offers New Opportunities: The crypto mining industry is finding new life in the burgeoning AI sector. Bitcoin miners, with their access to vast amounts of electricity, are leveraging their infrastructure to provide data-center services to AI companies, creating a potential new revenue stream. ETF Launches on the Horizon: The launch of spot ETH ETFs is nearing, with Bitwise reporting that the SEC is open to discussing crypto ETFs beyond Bitcoin and Ethereum. This development has sparked excitement among investors, with options traders already betting on a significant Ethereum price rally post-ETF launch. Navigating the Volatility: The crypto market remains highly volatile, presenting both risks and opportunities. While the current climate is undoubtedly challenging, the potential for long-term growth remains strong. Investors should carefully consider their risk tolerance and conduct thorough research before making any investment decisions. #CryptoMarket #Bitcoin #Ethereum #Regulation #AI #ETFs #Investment #Volatility #FearAndGreed

Bitcoin Sees Muted Volatility as Investors Await US Election Outcome (Bitfinex) - https://lnkd.in/dy82s_xd #cryptocurrency #bitcoin #news #affiliateprogram #affiliatemarketing With the United States presidential election a few hours away from conclusion, crypto investors are exercising caution, which is evident in the low volatility in the bitcoin options market. Crypto exchange Bitfinex’s analysts reported that crypto investors have adopted a wait-and-see approach, expressing a lack of market confidence in BTC’s current price movements. Investors Await Election Results Crypto analysts generally expected heightened volatility leading up to the U.S. presidential election on November 5; however, investors seem hesitant to take action in the market. The front end of the options market faces significant pressure, and implied volatility for bitcoin options is in the low 40s. Bitfinex explained that front-end volatility is the implied volatility of option contracts closest to their expiration dates. This often indicates the crypto market’s expectations for near-term price fluctuations. “Another possible interpretation of current low front-end volatility ahead of election day is that it could signal a more profound concern for Bitcoin and altcoins as is shown in both BTCʼs current correction and the more significant corrections being seen in altcoins. Moreover, with options approval pending for Bitcoin spot ETFs, any shifts in sentiment surrounding these developments could further influence volatility and trading activity,” the exchange added. While implied volatility remains suppressed and investors continue to apply caution, Bitfinex analysts expect the fluctuation structure to change between November 5 and 8. This prediction is fueled by expectations of significant price action within the week, although there is no certainty that the market will move in any particular direction. If the market fails to experience the expected volatility, Bitfinex says a more substantial issue would likely be at play, and BTC may witness a much deeper correction. Trump Still Leads on Polymarket Multiple predictions of BTC at $100,000 by year-end may materialize in the coming weeks, depending on the election outcome. The general market consensus remains that a Republican victory by Donald Trump would be bullish for BTC, while a Democratic win by Kamala Harris could be bearish. Meanwhile, data on the blockchain prediction platform Polymarket shows that the odds of Trump winning the election are 62.5%, while Harris’s is 37.6%. Data from CoinMarketCap showed BTC trading at $68,628 at the time of writing. SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link

Sunday 10 November 2024 Source: Bloomberg News Bitcoin Reaches $80,000 for First Time on Optimism Over Trump The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday. * President-elect Trump’s crypto ardor is energizing the market * Digital-asset traders predict a friendlier regulatory backdrop  Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. Trump vowed on the campaign trail to put the US at the center of the digital-asset industry, including creating a strategic Bitcoin stockpile and appointing regulators enamored with digital assets. He emerged from Tuesday’s election in a stronger position than expected — his Republican Party has control of the Senate and is on the verge of holding a narrow majority in the House. ETFs, Fed Bitcoin has added about 91% so far in 2024, helped by robust demand for dedicated US exchange-traded funds and interest-rate cuts by the Federal Reserve. The rise in the largest digital token, which scaled fresh records after the US vote, exceeds the returns from investments such as stocks and gold. The ETFs, powered by BlackRock Inc.’s $35 billion iShares Bitcoin Trust, posted a record daily net inflow of almost $1.4 billion on Thursday, according to data compiled by Bloomberg. A day earlier, the iShares ETF’s trading volume jumped to an all-time peak — all signs of how Trump’s victory is reshaping crypto. ***************