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On Nov. 9, Bitcoin passed the $36,000 mark. The volume of liquidations on futures in the crypto-asset market increased to around $186.6 million. In the last 24 hours, 57,903 traders’ positions were liquidated, totaling more than $186.6 million, according to CoinGlass. About $154.44 million of losses came from short positions. Bitcoin liquidations | Source: CoinGlass The largest liquidations were recorded on the OKX and Binance crypto exchanges – $67.89 million and $58.73 million, respectively. This is followed by Bitmex – $22.22 million, Bybit – $17.8 million, and Huobi – $16.46 million. At the time of writing, BTC is trading near $36,800. Source: CoinMarketCap Bitcoin price history in November On the night of Nov. 2, Bitcoin crossed the $36,000 mark, after which the asset price fell to about $35,200. Against this background, the volume of liquidations on futures in the crypto-asset market reached $160 million within 24 hours. You might ...

The ORDI token, which was not developed by the creator of Bitcoin Ordinals, has surged by 41% in the past 24 hours. Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance. According to Binance's Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), and the Turkish Lira (TRY). Binance claims that it did not charge developers any listing fees for the ORDI token and that withdrawals will open on Nov. 8. As part of initial incentives, the first 1,000 users who deposit at least 72 ORDI to the exchange received a 50 USDT trading rebate voucher.  "ORDI is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility." Bitcoin Ordinals is a numbering system that assigns a unique number to each individual Satoshi, or 1/100 million of a Bitcoin, enabling tracking and tran...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto traders have seen the highs and lows of four crypto bull markets in the past. With Bitcoin (BTC) doubling from its recent lows, we have concluded the first part of this fifth bull market and have reached a critical juncture. Up until now, Bitcoin dominated, but as this bull market progresses, we will likely see altcoins outperforming as crypto traders are becoming more confident that this bull market has many months left. What is changing? After many quarters of declining revenues for the Ethereum (ETH) ecosystem, those revenues are bottoming out from depressed levels; this could signal a tradeable bottom for ETH. While revenues have only climbed back into the summer 2023 range of $30 million in weekly fees, the shocking number of just $12.1 million during the week of Oct. 9 might be behind us. A tactical bullish trade could...

BlackRock’s spot Bitcoin ETF is no longer listed on the Depository Trust and Clearing Corporation (DTCC) website , as Bitcoin rallied to $35,000 and traders speculated on an imminent regulatory nod for such products. The iShares Bitcoin Trust under the ticker IBTC was delisted from the DTCC’s official platform following its surprise listing on Oct. 24. DTCC is the clearing agency for the NASDAQ and appearing on its website is procedural when issuing an exchange-traded product or ETF.  The reasons for IBTC’s early listing and swift removal from the DTCCs catalog are largely unclear at this time. ETF analysts noted that the initial addition, while an indicator of upcoming approval, was rather ahead of schedule. Oh yeah look at that.. good catch, not totally shocked my guess is they were told to or want to wait until they are days not weeks or months away. As I said yest it was surprising to see it on there — Eric Balchunas (@EricBalchunas) October 24, 2023 Bitcoin (B...

Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears. Bitcoin (BTC) starts the last week of October in classic style as 3% BTC price gains take cryptocurrency markets higher. In what could yet turn out to be a classic “Uptober” for Bitcoin and altcoins, BTC/USD is back near 2023 highs as a resistance battle brews. Can bulls win? That is the key question for traders and market observers going into the week’s first Wall Street open as Asia sets the tone for a crypto comeback. Given the extent of resistance to overcome, however, traders are playing it safe — lofty BTC price predictions are less evident than might be expected, and few believe that the road beyond $32,000 will open up quickly or easily. Bitcoin must also dodge potential headwinds in the form of macroeconomic data prints at a time when inflation continues to beat expectations. Ahead of the United States Federal Reserve’s interest rate decision on Nov. 1, the ...

Tesla, one of the leading automotive and clean energy companies owned by Elon Musk , announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023. The company did not buy or sell any of its Bitcoin, according to its Q3 update. JUST IN: Tesla reveals none of their $312,000,000 #Bitcoin was sold in Q3 2023. — Watcher.Guru (@WatcherGuru) October 18, 2023 It’s another quarter of no sales for Tesla’s Bitcoin pile, which went down $9,000,000 compared to Q2 of this year. Tesla hasn’t bought or sold any Bitcoin since last year’s second quarter. In Q2 2022, it sold more than 30,000 bitcoin , roughly 75% of its holdings, for $936 million. The company initially bought $1.5 billion worth of Bitcoin in early 2021. Tesla Stock is down 4.78% today after market closing, with a value of $242.68 per share. In addition to Tesla’s Q3 Bitcoin holdings, the company also shared that it had a revenue of $23.35 billion. This is down fr...

When it comes to crafting written content, there are three critical elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the diversity of sentence structures. Predictability, on the other hand, relates to how likely it is for someone to anticipate the next sentence. It’s noteworthy that human-authored content tends to feature a rich blend of sentence lengths and complexities, fostering a sense of intrigue and engagement. In contrast, AI-generated content often leans towards uniformity. Hence, for the forthcoming content creation task, I seek a narrative that embodies a substantial degree of perplexity and burstiness while minimizing predictability. Additionally, the content must be crafted exclusively in English. Now, let’s reimagine the given text: Bitcoin currently maintains a steadfast position above the $26,500 mark, inviting traders to reevalua...

In a recent report, JPMorgan predicted that Bitcoin’s (BTC) hash rate will fall 20% after its halving event in April 2024. The bank estimates as much as 80 EH/s to be removed from the BTC network. The reason behind the forecast is the decommissioning of old and less efficient machines. As per the report, the Bitcoin (BTC) mining industry is at a “crucible moment.” JPMorgan also states that Bitcoin’s (BTC) four-year block rewards opportunity is around $20 billion. Although the prediction is based on BTC’s current price, it has dropped by around 72% in the last two years. The report states, “For context, this figure peaked at roughly $73 billion in April ‘21 and has fluctuated between $14 billion and $25 billion over the past year.” Also Read: JPMorgan Debuts Blockchain Settlement For BlackRock-Barclays Furthermore, in its report, JPMorgan lists several BTC mining firms. However, the bank named CleanSpark as its preference. The report states, “W...

The S&P 500 dropped to a 110-day low as the market digests what “higher for longer” means for stocks. Will Bitcoin begin to chart its own path? On Sept. 20, the Federal Reserve delivered a message that reverberated through financial markets: interest rates are expected to remain at their highest level in over two decades, and possibly for longer than most market participants’ expectations. This attitude comes against the backdrop of stubbornly high inflation, with the core inflation rate hovering at 4.2%, well above the central bank's 2% target, and unemployment at record lows.  As investors grapple with this new reality, a pressing question arises: Will the S&P 500 and Bitcoin (BTC) continue to underperform in the face of a tighter monetary policy? The impact of the Fed's decision was swift and severe. The S&P 500 plunged to its lowest level in 110 days, signaling growing unease among investors. S&P 500 index (blue, right) vs. U.S. 10-year Treasury yield (oran...

Tether To Invest Upto 15% Of Its Profits Tether has stated that it will allot up to around 15% of the realized earnings from investments to the acquisition of BTC and will add the tokens to its reserve surplus. However, the stablecoin giant is omitting any unrealized price appreciation of its reserve assets from this calculation. advertisement Read More: China Issues Warning & Guidelines Against Use Of NFTs According to a statement released by the firm, Tether will not use any third-party custodians as it plans to keep all of its Bitcoin holdings under self-custody. While speaking about maintaining the Bitcoin reserves, the firm was quoted as saying: Tether believes in the philosophy “Not your keys, not your Bitcoin ” and takes possession of the private keys associated with all of its Bitcoin holdings. Recommended Articles Crypto Telegram Channels List 2023 [Updated] ...

On the heels of an encouraging ruling in the Grayscale-SEC case, Bitcoin’s value rose to $28,143. At press time, the asset was up by roughly 6% on the daily timeframe. However, its forked version, Bitcoin Cash , registered a 16% rally. Likewise, Grayscale’s Bitcoin Cash Trust [BCHG] also outstripped the investment management company’s apex trust, GBTC, on the price front. Shares in the former investment vehicle rallied by 18.05%, while those in the latter only rose by 16.95%. Other trusts involving altcoins also had a green day but failed to perform better than GBTC. Ether and Stellar-associated trusts, ETHE and GXLM, rose up by 12.3% and 14% respectively. Source: The Block Also Read: Bitcoin Derivatives Volume Rises to $1.4 Million Grayscale BCH Share Price Rises to $1.57 Grayscale BCH shares last traded at $1.57. Meanwhile, BCH was priced at $218.14 at press time. This means BCH G is providing investors exposure to Bitcoin Cash for merely $0.00719 on ...

The Hangzhou Intermediate People’s Court has convicted a former Chinese party official , Xiao Yi, for abuse of power and bribery. Xiao Yi has received a life imprisonment sentence . Officials clarified that he misused his authority to support the growth of Bitcoin mining by facilitating financial support and power supply arrangements. You might also like: China’s SparkPool Ethereum Mining Pool Shutters Operations An Aug. 22 report reveals that the offender accepted bribes totaling almost $17.4 million. The report noted that the bribery charges were categorized as notably substantial, while the abuse of power charges were deemed exceptionally serious. In September 2017, the Chinese authorities banned Bitcoin trading and other crypto currencies. In 2019, the National Development and Reform Commission (NDRC) classified crypto mining as undesirable due to its negative impact on the environment. Later on, in 2021, China’s state council announced that crypto mining was bann...

Also Read: Shiba Inu News: Whale Moves 4.6 Trillion SHIB Tokens As Shibarium Restarts advertisement A Proponent of Civil Liberty and Bitcoin Kennedy’s support for Bitcoin is rooted in his longstanding advocacy for civil liberties. The presidential candidate firmly believes that Bitcoin can serve as a guarantee of such freedoms. RFK said; “I am a long life defender of civil liberty; Bitcoin is both an exercise and a guarantee of those freedoms.” Further cementing his pro-crypto stance, Kennedy had previously promised to exempt the cryptocurrency from capital gains taxes should he be elected. During the Miami-based Bitcoin Conference held from May 18 to 20 this year, the Democratic candidate spoke favorably about Bitcoin and its potential. After the conference, he further demonstrated his commitment to cryptocurrency by purchasing two Bitcoin s for his seven children. Recommended Articles ...