Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.
Bitcoin news
Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.
Memecoins DOGE and SHIB have outperformed on US election day as US citizens cast their ballots.
Analysts say Bitcoin is ready to test new highs after the US elections conclude, but $70,000 needs to hold as support first.
No matter who wins the 2024 US presidential election, Polymarket users may have to wait months for their settlements.
BTC price volatility makes a snap entrance as US Presidential Election voting begins — and Bitcoin analysts have a sense of deja vu.
The ETN will trade on Euronext Amsterdam and Euronext Paris and will be available in 15 countries.
The latest market analysis suggests that if Bitcoin’s MVRV ratio continues to increase, BTC price could be in the six-figure range by 2025.
Other key indicators suggest that Bitcoin’s long-term floor price is above $40,000.
Crypto investors are calling for a Trump victory due to the infamous “inverse Cramer” effect following the popular television host’s Monday predictions of a Harris victory.