Cryptocurrency

The note, released early on Wednesday, states that with Donald Trump having won the U.S. presidential race and a likely GOP-controlled Senate, the long-standing regulatory headwinds for crypto could turn into “a tailwind,” potentially unlocking significant growth in the market.”The market is nowhere close to factoring in this shift,” Bernstein analysts state, highlighting the potential for accelerated regulatory clarity in the crypto space.They believe the impact of the shift was already evident, with Bitcoin recently breaking all-time highs, reaching over $74,000. The broader crypto market reacted positively, with Ethereum up 8% to $2,600 and Solana surging 16% to $160.Bernstein expects this trend to continue, stating, “We recommend buying the Bitcoin strength here,” and suggests taking advantage of potential marginal dips as an enhanced buying opportunity.Bernstein identifies several areas of anticipated regulatory progress, including clearer definitions for digital assets, broker/dealer law applicability to exchanges and DeFi platforms, and accelerated approvals for crypto-based ETFs.”We expect bipartisan support for crypto rule-making on an accelerated time schedule,” they note, with a specific focus on a stablecoin bill and a market structure bill to provide clarity for crypto exchanges and broker-dealers.Looking forward, Bernstein is bullish on Bitcoin miners such as Riot Platforms (NASDAQ:RIOT), CleanSpark (NASDAQ:CLSK), Core Scientific (CORZ), and Iris Energy (IREN) as high-beta trades to Bitcoin.The firm also recommends MicroStrategy (MSTR) due to its extensive Bitcoin treasury program and Robinhood (NASDAQ:HOOD) as a top play to capture surging retail crypto interest.With Bitcoin currently on a strong upward trajectory, Bernstein remains committed to its $200,000 price target for 2025, seeing this as the start of a “new Bitcoin bull cycle.” More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, starts the season of harvest with bountiful rewards for Bybit Card holders in this year’s “Double 11” (11.11) festivities. Bybit’s week-long event promises elevated cashback and exciting bonuses for users, making every swipe of the Bybit Card more worthwhile this 11.11.Dubbed Double 11, Nov. 11 marks a grassroot consumer festival and shopping day originated from Asia, and has since become a global phenomenon. From today to Nov. 14 (4:00 PM UTC), the 11.11 Bybit Card Blowout event brings exclusive perks tailored for both new and existing cardholders. From 50% cashback to double the cashback, every Bybit user eligible for the branded Mastercard (NYSE:MA) debit card has an option to boost their rewards this season:Event Highlights:To find out more: Bybit Card. About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony [email protected] article was originally published on Chainwire More

0G Foundation in conjunction with Fjord Foundry are proud to announce its upcoming node sale on Fjord, web3’s leading capital formation platform. The sale will run from November 7th to 13th, offering participants valuation terms and an opportunity to lead in the decentralized AI space.0G recently closed its last funding round and has strong participation from renowned VCs such as Hack VC and Delphi Ventures with the latest SAFE valuation exceeding $2 billion. The upcoming node sale on Fjord offers participants the chance to join the network at a significantly lower valuation. By purchasing a node, participants become integral contributors to 0G’s decentralised network, directly supporting the democratisation of artificial intelligence. As an alignment node operator, users contribute to the network’s processing, storage, and deployment of AI models, enhancing its resilience and efficiency. In return, node owners receive token rewards for their contributions, providing economic benefits as the network grows. Additionally, owning a node grants rewards that can empower users with governance rights within the 0G ecosystem, allowing owners to influence key decisions and shape the platform’s future.About Fjord FoundryFjord Foundry’s mission is to democratise access to early-stage opportunities for the community of backers while providing projects the means to bootstrap liquidity in a seamless and straightforward manner. Fjord Foundry has solidified its reputation as web3’s leading capital formation platform, facilitating over $1 billion in funds raised since September 2021. By hosting the sale on Fjord, 0G leverages a platform renowned for connecting innovative projects and community backers. Participants in the node sale can benefit from Fjord’s trusted infrastructure, higher-tier offerings, and a seamless participant experience.About 0G Foundation The 0G Foundation is an organisation dedicated to driving innovation and growth maintaining the world’s first decentralised AI Operating System. Focused on creating an open, transparent, and scalable infrastructure, the 0G Foundation is committed to fostering a vibrant, decentralised ecosystem where AI can operate as a public good. Through strategic partnerships, community initiatives, and innovative technology, 0G Foundation strives to ensure the long-term sustainability and integrity of the 0G network. The node sale will be live from November 7th to 13th. To learn more and participate, users can visit https://links.fjordfoundry.com/0GAI.ContactHead of MarketingBenFjord [email protected] article was originally published on Chainwire More

This coincided with a massive price surge demonstrated by the Ripple-affiliated cryptocurrency over the last day as XRP touched the $0.57825 price level.The second and the largest transfer was performed by San Francisco-based blockchain juggernaut Ripple headed by Brad Garlinghouse. Both transfers took place within a single hour.Ripple made this mammoth-sized XRP transfer to an anonymous blockchain address. However, data shared by XRP-focused explorer Bithomp shows that this wallet was also affiliated with Ripple. After these 470 million XRP landed on it, Bithomp noticed an outgoing transfer carrying 100,000,000 XRP in an unknown direction, too. The motives behind this enormous XRP transfer initiated by the blockchain heavyweight remain unknown, however, Ripple frequently performs such transactions which result in XRP sales. The proceeds are used by the company to cover its operations and (over the past four years) legal expenses in its case against the SEC regulator.These ATHs were reached after a new political development (a drastic change in government leader) in the U.S. on Nov. 5, with the results officially announced the following day.Following Bitcoin, other cryptocurrencies demonstrated big price surges as well. Among them was XRP, which soared by almost 10% in the last 24 hours, briefly hitting $0.57825. By now, it has experienced a pullback of 4% and is changing hands at $0.55601 on major exchange Bitstamp.This article was originally published on U.Today More

Bitunix exchange announced on November 1st that it has launched its Copy Trading Feature. With this tool, Bitunix enables new traders to take their first steps in futures trading by copying experienced traders. The fastest-growing crypto derivatives exchange with this move aims to make involvement in crypto trading as easy as possible for everybody.According to Dailycoin, crypto copy trading has rapidly grown in popularity among retail investors, offering a way for newcomers to enter the market. Considering that and based on user feedback and analysis of market trends, Bitunix came up with their advanced version of Copy Trading Feature.This new tool lets users follow experienced traders, automatically replicating their trades in the user’s account, which simplifies trading for newcomers. Both users and traders benefit—traders gain followers and a share of potential earnings, while users can view transparent performance metrics (such as ROI, win rate, and trade size) to choose traders wisely. Traders without followers can also publish trading signals to attract users.How Much Can a User Invest and What is the Profit-Sharing Fee with the Copied Trader?Bitunix Copy Trading, has its limits on how much a user can invest and here’s how it works:How Can Users Monitor Their Copy Trades?The “My Copy Trading” module gives users detailed insights into both active and completed copy trades, including amounts, margin balances, and profit/loss. Users can monitor unlimited ongoing trades in real time (with up to 10 copy trading accounts). It also provides access to the trading positions, profit status, and past records of completed trades for review.How Can Users detect Top-Performing Traders to Copy?The trader list is organized to help users find top-performing traders, with rankings based on key metrics like profit and loss, return on investment, win rate, and trade volume. This structured approach makes it easier for users to select traders that best fit their investment goals.Additionally, users can use a search function to locate specific traders within the list. For those seeking different results, the platform offers flexibility. Users unsatisfied with their current copy trading outcomes can stop following a trader or choose to follow a new one.For detailed steps on how to participate in Bitunix Copy Trading, users can visit this tutorial on their website.With features such as top-tier liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of providing a reliable trading experience for the global crypto community. Bitunix has attracted more than 1,000,000 users from over 100 countries, facilitating a daily trading volume exceeding $1 billion on its platform.Website | Telegram | X | LinkedInContactCOOKX [email protected] article was originally published on Chainwire More

But while Bitcoin’s rally cooled, other major altcoins extended their recent gains, given that they were still trading at a significant discount to their 2021 record highs. Bitcoin steadied at $74,794.7 by 00:19 ET (05:19 GMT). The world’s biggest crypto surged to a record high of $76,401.4 on Wednesday. Gains in Bitcoin came as Trump pulled ahead of Kamala Harris in early vote counting, before being declared as the president-elect later on Wednesday. Trump had presented a largely pro-crypto stance, promising to introduce friendly regulation if elected, while also potentially giving Bitcoin more credibility as an investment vehicle. Bitcoin rose sharply on this notion, crossing record highs last seen in March 2024. Broader cryptocurrency prices also rose, while crypto stocks, such as Coinbase Global Inc (NASDAQ:COIN) and Marathon Digital Holdings Inc (NASDAQ:MARA), clocked strong gains.Trump’s swift victory also helped clear a major point of uncertainty for markets, sparking a rally across risk-driven assets. U.S. stock indexes rallied to record highs on Wednesday.But this rally now appeared to be cooling, as focus turned to the conclusion of a Federal Reserve meeting on Wednesday. The central bank is widely expected to cut interest rates by 25 basis points.The dollar steadied at four-month highs before the Fed meeting, also stifling further gains in risk-driven assets.Traders were skittish ahead of any signals on future rate cuts from the Fed, especially in the face of a Trump presidency and recent stickiness in inflation.While Bitcoin’s rally cooled, major altcoins saw extended gains as traders bet on a bull run akin to that seen in 2021.World no.2 crypto Ether rose nearly 10% to a three-month high of $2,848.60.SOL, XRP, ADA and MATIC surged between 1.8% and 7%, while DOGE cooled after strong gains in recent sessions, falling 5.8%.Most major altcoins were still trading at significant discounts to record highs hit in 2021, having largely lagged Bitcoin over the past three years. More

However, their movement may upset some, as the address holder of these BTCs under the code “1QHvbR” were transferred to the wallet of major U.S.-based exchange Kraken.According to the general consensus among crypto-market participants, such transfers are interpreted as the intention of a large investor to sell their assets by moving them from their own custody to a liquid cryptocurrency buying and selling platform.This was likely the reason in our case, as the transfer occurred on the day Bitcoin hit a new high. Back in March, the price of one BTC was less than $100, and the cryptocurrency itself had just experienced its first bull run. But 12 years later, the price of Bitcoin is already over $75,000, and the asset itself is a full-fledged, institutionalized financial instrument with tens of millions of holders and a capitalization of nearly $1.5 trillion.However, this unknown Bitcoin investor did not transfer all 235 BTC to Kraken, and most of the position remained in his wallet. Now, according to on-chain data, “1QHvbR” continues to hold 125.55 BTC, which equals about $9.31 million. The question is whether these Bitcoins will be realized on some exchange, or whether the unknown investor will disappear again for a few years before resurfacing.This article was originally published on U.Today More

The move upwards pushed Ethereum’s market cap up to $322.71B, or 12.92% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.Ethereum had traded in a range of $2,422.03 to $2,677.91 in the previous twenty-four hours.Over the past seven days, Ethereum has seen a stagnation in value, as it only moved 0.43%. The volume of Ethereum traded in the twenty-four hours to time of writing was $38.82B or 18.59% of the total volume of all cryptocurrencies. It has traded in a range of $2,362.9089 to $2,677.9063 in the past 7 days.At its current price, Ethereum is still down 44.97% from its all-time high of $4,864.06 set on November 10, 2021.Bitcoin was last at $75,245.8 on the Investing.com Index, up 9.03% on the day.Tether USDt was trading at $1.0010 on the Investing.com Index, a gain of 0.09%.Bitcoin’s market cap was last at $1,488.40B or 59.58% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $120.60B or 4.83% of the total cryptocurrency market value. More