BITCOIN LOW
Dollar gains traction as Fed speakers warn of risks from inflation
The US dollar is holding onto gains following a stronger-than-expected inflation report. Federal Reserve comments indicate potential rate hikes to address ongoing inflation concerns. Market expectations are shifting, with traders anticipating a rate hike at the upcoming policy meeting. The yield on the US 10-year Treasury bond has also increased, reflecting market sentiments. Cryptocurrencies like bitcoin and ether are trading near three-month lows amidst these developments.
Bitcoin drops below $75,000 as strong US jobs data and ETF outflows weigh on crypto markets
The price of Bitcoin has recently fallen under $75,000, as strong US job data signals potential tightening of monetary policies. Trading at $74,796, Bitcoin is dealing with considerable strain from ETF outflows and liquidations. Analysts predict that regaining the $76,000 threshold could enhance its prospects. Additionally, Ethereum is under pressure, requiring a rise above $2,230 to gain any positive traction in the current volatile cryptocurrency market.
Bitcoin price prediction: BTC USD could crash to $68,000 before recovery - here's what analysts expect
Bitcoin price prediction: BTC USD is struggling to recover after briefly falling below $75,000, with analysts warning that another decline could come before a sustained rebound. While some see potential downside towards $73,400, a more bearish forecast points to $68,000. Spot Bitcoin ETF outflows have added to market pressure.
Global Market Today: Asian stocks open mostly higher, Nvidia probe looms
Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest daily gains, major cryptocurrencies remained under weekly pressure, with ETF outflows, macroeconomic data and market volatility influencing investor appetite.
Trump Media's investors lost $2.2 billion while Trump holds $460 million stake
Ske Jarzenske and other Trump Media investors are facing severe losses as the company's stock value has plummeted. Many investors had high hopes for the social media platform, believing in its potential profitability under Trump's leadership. Instead, Trump Media's shares have lost significant value, and discontent among shareholders has grown. The company's revenue remains stagnant, leading investors to question management practices and investor trust.
Bitcoin nears $80,300, Ethereum trades at $2,400 as crypto market rebounds after US midterm volatility
Bitcoin rebounded above $80,000, while Ethereum climbed to $2,417 amid improving market sentiment following US midterm elections. The global crypto market capitalisation rose 2.32% to $2.69 trillion, supported by short liquidations and renewed buying interest.
Bitcoin rebounds with stocks despite threat to crypto agenda
Bitcoin rebounds more than 4% to above $81,000, tracking a broader recovery in financial markets after the US midterm elections. However, Democratic control of Congress threatens to stall crypto-friendly legislation and increase regulatory scrutiny. Investors are also weighing the impact of political uncertainty, Treasury yields and institutional adoption.
How are global stock markets reacting to the US midterm election results?
Following the midterm elections where Democrats took control of both Congressional chambers, global stock markets felt the impact. Initial hesitation in European stocks soon gave way to strength, driven by financial sector gains. Precious metals experienced a notable uptick, but defense stocks reeled from concerns over military expenditures. In Asia, markets showed volatility, underscoring investors' adaptative strategies to the altering political scenario.
Binance hack raises crypto security fears: Why are Strategy and Bitmine still buying Bitcoin (BTC USD) and Ethereum (ETH USD)? What did Michael Saylor and Tom Lee say
Strategy purchased 811 BTC USD worth more than $65 million, its largest acquisition since late September, while Bitmine added $19 million in ETH USD. The buying came as the crypto industry faced renewed security concerns following the massive Binance hack, with Bitmine chairman Tom Lee arguing that the market’s relatively muted reaction was “very constructive.”
Why are US stock futures rising today? Dow Jones, S&P 500 and Nasdaq rebound, but will midterm elections hit Wall Street? Apple, Nvidia, Intel and AMD to watch
US stock market today: A day before the midterm elections, Wall Street is trying to bounce back. Dow futures are up 0.60% at 52,229, S&P 500 futures 0.53% at 7,654.50 and Nasdaq futures 0.84% at 28,773.50. Intel fell nearly 29% in its last session, and AMD, which reports Tuesday, lost 11%. Apple reports today and is seen as safer. Nvidia is up 1.41% premarket.
Binance sees outflows stabilising as exchange returns online after $6.3 billion heist
Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 billion stolen from the platform last week.
Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist
Major currencies remained steady as traders evaluated the upcoming US midterm elections and significant economic data. Bitcoin and Ether experienced losses after a major security breach at Binance, raising investor concerns. The euro hovered near a 17-month low following Fitch's revision of France's outlook to negative. Hedge funds reportedly faced significant losses that could limit market reactions to election results.
Binance sees net outflows of $3.64 billion after resumption of withdrawals
On November 1, Binance reported net outflows of around $3.64 billion as withdrawals resumed after a pause. During this period, withdrawal volumes reached over $4.64 billion while deposits amounted to $1.01 billion. The exchange stated that the percentage of outflows represented 2.1% of its total assets. Despite the large outflows, Binance highlighted that deposit volumes remained substantial and withdrawal volumes began to stabilize.
Bitcoin price today crashes to 5-week low: Why is BTC USD near $77,000 amid crypto exchange Binance hack reports
Bitcoin price today: BTC USD fell to a five-week low of $76,301 on Friday as $1.49 billion in leveraged crypto positions were liquidated. With long traders bearing most of the losses, BTC faces pressure below key technical levels even as US spot Bitcoin ETFs recorded net inflows. A reported Binance security breach added to market concerns.
Bitcoin hits 6-week low, drops below $78,000 as Binance’s $6 billion hack rattles crypto markets. What should investors do?
Bitcoin fell more than 4% to a six-week low below $78,000, while Ether and BNB also slumped after a reported $6.3 billion security breach at Binance rattled crypto markets. Analysts flagged key support levels and advised investors against panic selling or aggressive dip-buying, favouring staggered entries and smaller positions.
Binance hit by $6.3 billion crypto hack: Here’s what you need to know
Binance has reported a substantial security breach resulting in estimated losses of $6.3 billion. The breach was linked to a compromised laptop of a DevOps engineer facilitating unauthorized transactions. Global cryptocurrency firms have responded by freezing assets totaling nearly $2.4 billion. Additionally, Binance stated that user funds remain safe due to its Secure Asset Fund for Users.
Bitcoin, cryptocurrency prices fall after Binance reports security issue
Cryptocurrency prices fell on Friday after Binance reported a potential security issue and said more than $2.5 billion in assets had been frozen. Bitcoin dropped to a six
Bitcoin trades near $80,000 after Fed holds rates, signals possibility of further tightening
Bitcoin traded near $80,000 after the US Federal Reserve held interest rates at 3.75%-4%, while the possibility of further tightening weighed on sentiment. Bitcoin and Ethereum fell 1.51% and 1.99% over 24 hours, respectively. Analysts flagged resistance near $81,500-$82,000, citing weak technical indicators and subdued institutional demand.
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