CHINA BITCOIN HOLDINGS
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.
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.
Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds
Binance has announced the resumption of cryptocurrency withdrawals after recovering a significant portion of stolen assets. The exchange has identified a North Korean unit behind the theft and is actively working to recover remaining tokens. Law enforcement agencies are tracking the laundering of stolen assets into cryptocurrencies. Binance has committed to covering the financial losses incurred due to the hack.
Yen jumps after JGB auction draws big demand, euro finds relief
The yen experienced a notable rise against the dollar, driven by unprecedented demand for long-term Japanese government bonds. In France, curfews were enacted in response to widespread anti-government protests, which pose challenges for President Emmanuel Macron's administration. Meanwhile, the euro gained momentum alongside a rise in European bond futures amid persistent political uncertainties in France and Italy.
Dollar and euro drift, yen slips as markets seek direction
The euro was steady at $1.1216, while the British pound rose 0.1% to $1.3308. The Australian dollar was up 0.1% at $0.6986, while its New Zealand counterpart nudged 0.1% higher to $0.5668.
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Dollar firmer, euro weakens as French protests turn violent
In Asia, the dollar saw a minor uptick as unrest in France put pressure on the euro, causing a small decline. Emerging market currencies, notably the Indonesian rupiah, are struggling with the looming threat of a stock market downgrade. Oil prices dipped following the lifting of sanctions on Russia, which may boost fuel exports. Upcoming meetings of the Federal Reserve and European Central Bank are fostering cautious market positioning.
Bitcoin retreats from eight-month high after dizzying 13% rally
Bitcoin pulled back to about $85,500 after a surge of 13% in four days, supported by broader risk-asset gains, ETF inflows, bullish options positioning, and corporate buying. Analysts debate whether momentum reflects renewed conviction or short covering. Despite improved sentiment, elevated oil prices, Treasury yields, and competition from AI investments remain significant headwinds.
US stocks: US market ends sharply higher as AI optimism reignites and Treasury yields retreat
Stock markets surged on Monday, driven by impressive gains from leading AI companies such as Advanced Micro Devices. Meanwhile, Treasury yields pulled back from their recent highs and crude oil prices fell to an eleven-day low. Meta's shares skyrocketed after analysts adjusted their price targets post the introduction of its new AI assistant.
Dollar rises after Fed hikes rates in bid to counter inflation
The US dollar rises against major currencies after the Federal Reserve hikes interest rates and signals further tightening to tackle inflation. The dollar index reaches a nearly five-week high, while traders see an 80% chance of a Bank of Japan rate hike on Friday. Bitcoin remains steady after Tuesday's sharp fall.
How bitcoin and gold went from a slump to an MVP week in just a few days
Bitcoin had dropped from a January high of around $95,000 to below $60,000 at the end of June. Investors shied away from speculative assets earlier in the year and crypto supporters were concerned about the lack of movement on proposed regulation of the industry. On Friday, bitcoin rose above $77,000.
Bitcoin hits $116K: Do on-chain metrics signal more upside?
Bitcoin hits an all-time high of $116K, driven by institutional adoption, ETF inflows, and strong on-chain metrics. With governments and investors treating it as a strategic asset, Bitcoin is evolving from speculation to a credible, global store of value amid rising geopolitical and financial uncertainty.
Crypto prices today: Bitcoin tops $105K on US-China trade optimism; Altcoins mixed
Bitcoin price increased beyond $105,000. This rise happened because of positive news about trade between the U.S. and China. More people are also interested in cryptocurrencies. The value of all cryptocurrencies is now $3.46 trillion. Some experts think Bitcoin might go even higher. Others suggest a possible slight drop in price soon. Altcoins showed mixed performance.
Explainer: How would a US crypto strategic reserve work?
Donald Trump signed an executive order in January for the creation of a digital asset working group to explore the possibility of a strategic bitcoin reserve. Trump had directed the group to turn in a report by July addressing criteria for such a stockpile, potentially derived from cryptocurrencies seized by the federal government.
Crypto Price Today: Bitcoin slips below $98,000; Altcoins trade mixed
Bitcoin slipped below $100,000 amid U.S.-China trade tensions, while Ethereum and other altcoins saw mixed movements. Market sentiment remains cautious, with Bitcoin dominance at a four-year high. Analysts warn of potential downside to $86K but highlight February’s historically strong performance. Traders are advised to monitor support levels and global market conditions closely.
What does Trump's new cryptocurrency initiative mean for the future of bitcoin?
President Trump has directed the creation of a digital asset working group to explore a US cryptocurrency stockpile, potentially sourced from federally seized cryptocurrencies. The initiative sparked debate over the benefits and risks, such as market impacts and strengthening the U.S. dollar versus bitcoin's volatility and lack of intrinsic value.
How would a U.S. bitcoin strategic reserve work?
President-elect Trump's proposed U.S. bitcoin strategic reserve, potentially starting with seized tokens, aims to bolster American dominance in the crypto market. This reserve could be funded by Treasury profits or gold sales, with potential benefits including deficit reduction and a stronger dollar. However, critics question bitcoin's long-term value and vulnerability to cyberattacks.
Trump cites China competition in vowing to create bitcoin 'stockpile'
Speaking at the Bitcoin 2024 convention in Nashville, Trump positioned himself as the pro-cryptocurrency candidate ahead of the Nov. 5 presidential election, saying he would make the U.S. the world's cryptocurrency leader and embrace friendlier regulations than likely Democratic nominee Vice President Kamala Harris.
Bitcoin sinks 4% before Fed after mixed investment launch
Bitcoin sank Wednesday before the US Federal Reserve's interest rate call, and after a mixed launch in Hong Kong of investment products tracking the world's top cryptocurrency and rival ether. However, Hong Kong's first spot bitcoin and ether ETFs, launched on Tuesday, received a lukewarm reception.
Cryptoverse: Asian traders give bitcoin blast-off; huge interest visible in India
Asia accounted for $791 billion of the $1.17 trillion worth of bitcoin traded in February, with North American investors lagging way behind with $113 billion, broadly reflecting a trend seen since November, the data shows.
US becomes largest bitcoin mining centre after China crackdown
The United States now accounts for the largest share of mining, some 35.4% of the global hash rate as of the end of August, followed by Kazakhstan and Russia, the data showed.
Has a long winter set in for Bitcoin? Top analyst says it’s just bear market
It is important to note that while China has banned Bitcoin mining, it has not banned holding or transaction of Bitcoin. Its own central bank had earlier this year suggested that the cryptocurrency could emerge as a means for alternative investment.
Not sure about investing in Bitcoin? Here’s what can help you understand better
Retail investors are taking advantage of the dip to - India based cryptocurrency exchange CoinSwitch Kuber that grew by nearly 4.5 million new users during the descent.
Cathie Wood's ARK Invest files to offer a Bitcoin ETF
Wood, whose ARK Innovation ETF was the top-performing U.S. equity fund last year, has been a vocal proponent of bitcoin.
Crypto honchos see miners fleeing China as crackdown deepens
“We’re seeing a lot of those miners moving out of China to other places,” Changpeng Zhao, the CEO of Binance Holdings said in an interview at the Qatar Economic Forum on Tuesday. “Some of them are sending their mining equipment to overseas. There’s big shipments.”
Billionaire Novogratz still backs Bitcoin over gold
Billionaire investor Novogratz said he looks at Bitcoin as “digital gold.” “If you’re going to be long gold, Bitcoin is a better version because it’s got the same macro tailwinds but it is also very early in the adoption curve.”
Bitcoin tumbles 10% in wake of deepening China crackdown
Bitcoin fell as low as $32,094 to its lowest in 12 days, dragging smaller coins down. It was last down 8.3%, on course for its biggest daily drop in a month.
Bitcoin tumbles 10% in wake of deepening China crackdown
The world's biggest cryptocurrency, long plagued by volatility, has lost over 20% in the last six days alone
In widening Chinese bitcoin crackdown, Sichuan to probe cryptomining: Official
China's central government vowed last week to crack down on bitcoin mining and trading, while this week Inner Mongolia, also a major mining centre, proposed measures to root out the business.
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