Bitcoin just pulled a 3.7% jump as U.S. election fever hit, reaching nearly $70K!
Looks like BTC is having its own Election Day rally! 🗳📈
Popular trader Exitpump summed it up: “Sudden spot buying in unison”—it’s like everyone showed up to the polls with some spare BTC to buy!
👀 Another trader Moustache pointed out a pattern, suggesting BTC may have hit its bottom just before voting, giving us that classic election-year déjà vu.
🔍 CryptoQuant noted BTC’s election track record: +37% in 2016, +98% in 2020, and +22% in 2012. If history’s any clue, we’re in for a wild ride. 🎢
With traders cautiously betting on volatility, BTC might just steal the show… at least until we find out who’s moving into the White House! 🏛
Looks like BTC is having its own Election Day rally! 🗳📈
Popular trader Exitpump summed it up: “Sudden spot buying in unison”—it’s like everyone showed up to the polls with some spare BTC to buy!
👀 Another trader Moustache pointed out a pattern, suggesting BTC may have hit its bottom just before voting, giving us that classic election-year déjà vu.
🔍 CryptoQuant noted BTC’s election track record: +37% in 2016, +98% in 2020, and +22% in 2012. If history’s any clue, we’re in for a wild ride. 🎢
With traders cautiously betting on volatility, BTC might just steal the show… at least until we find out who’s moving into the White House! 🏛
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📰 Bitcoin Hits New All-Time High of $75,000 Amid Trump’s U.S. Election Victory!
On Wednesday, November 6, Bitcoin surged to a historic peak, momentarily reaching $75,000 before a slight correction brought it down to around $73,000. This jump was fueled by the preliminary U.S. presidential election results showing Donald Trump’s lead. 🔥
According to Associated Press, Trump has secured 267 out of the 270 electoral votes needed, with his competitor Kamala Harris holding 214. While vote counting continues, Trump’s victory appears almost certain, prompting him to hold a press conference to address the win. 🎉
On Wednesday, November 6, Bitcoin surged to a historic peak, momentarily reaching $75,000 before a slight correction brought it down to around $73,000. This jump was fueled by the preliminary U.S. presidential election results showing Donald Trump’s lead. 🔥
According to Associated Press, Trump has secured 267 out of the 270 electoral votes needed, with his competitor Kamala Harris holding 214. While vote counting continues, Trump’s victory appears almost certain, prompting him to hold a press conference to address the win. 🎉
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🚀 Coinbase CEO Brian Armstrong Calls New U.S. Senate “The Most Pro-Crypto in History”!
Brian Armstrong, CEO of Coinbase, celebrated the election of over 200 pro-crypto supporters to the U.S. Senate and House, hailing it as a historic shift for the crypto industry. 🎉
Armstrong expressed gratitude to all who stood by crypto, noting this as a vital step for America’s crypto future.
“Welcome to America’s most pro-crypto Congress! 219+ crypto-friendly candidates have been elected,” Armstrong shared, highlighting that voters across the nation made their stance on crypto clear. He looks forward to collaborating with Congress to establish regulatory clarity for digital assets. 📝
Brian Armstrong, CEO of Coinbase, celebrated the election of over 200 pro-crypto supporters to the U.S. Senate and House, hailing it as a historic shift for the crypto industry. 🎉
Armstrong expressed gratitude to all who stood by crypto, noting this as a vital step for America’s crypto future.
“Welcome to America’s most pro-crypto Congress! 219+ crypto-friendly candidates have been elected,” Armstrong shared, highlighting that voters across the nation made their stance on crypto clear. He looks forward to collaborating with Congress to establish regulatory clarity for digital assets. 📝
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⚡️ Donald Trump Wins U.S. Presidential Election!
According to CNN, Trump secured 276 electoral votes, while The New York Times reports 277 – both surpassing the 270 needed to win. Democratic candidate Kamala Harris garnered 219 votes.
But let’s not get ahead of ourselves; Trump officially steps into office in January 2025. So, any crypto-friendly promises, including the potential removal of Gary Gensler, won’t be in action until then. Fingers crossed he doesn’t forget by then! 😁
According to CNN, Trump secured 276 electoral votes, while The New York Times reports 277 – both surpassing the 270 needed to win. Democratic candidate Kamala Harris garnered 219 votes.
But let’s not get ahead of ourselves; Trump officially steps into office in January 2025. So, any crypto-friendly promises, including the potential removal of Gary Gensler, won’t be in action until then. Fingers crossed he doesn’t forget by then! 😁
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Crypto guys celebrate Trump's victory! 🥂
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🐳 Polymarket Whales Cash In on Trump’s Victory!
Some Polymarket traders struck gold with Trump’s recent election win, according to Lookonchain:
▫️ Trader “Theo4” pocketed a whopping $20.4 million.
▫️ “Fredi9999” came out with a cool $15.6 million.
▫️ “zxgngl” added $11 million to their wallet.
Big wins for big bets on Polymarket! 💸
Some Polymarket traders struck gold with Trump’s recent election win, according to Lookonchain:
▫️ Trader “Theo4” pocketed a whopping $20.4 million.
▫️ “Fredi9999” came out with a cool $15.6 million.
▫️ “zxgngl” added $11 million to their wallet.
Big wins for big bets on Polymarket! 💸
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Crypto soothsayer
🐳 Polymarket Whales Cash In on Trump’s Victory! Some Polymarket traders struck gold with Trump’s recent election win, according to Lookonchain: ▫️ Trader “Theo4” pocketed a whopping $20.4 million. ▫️ “Fredi9999” came out with a cool $15.6 million. ▫️ “zxgngl”…
📈 Polymarket Sets New Betting Targets for Bitcoin in November!
With the U.S. election won by Trump, the action on Polymarket is far from over. The current hot topic? Bitcoin's price in November. 🚀
Bettors are placing an 85% probability that Bitcoin will reach $77,500 this month. The odds for Bitcoin hitting $90,000 or dropping back to $60,000 are much lower, at 27% and 15%, respectively. 🧐
Predictions are based on Bitcoin's performance against USDT on Binance between November 1-30.
With the U.S. election won by Trump, the action on Polymarket is far from over. The current hot topic? Bitcoin's price in November. 🚀
Bettors are placing an 85% probability that Bitcoin will reach $77,500 this month. The odds for Bitcoin hitting $90,000 or dropping back to $60,000 are much lower, at 27% and 15%, respectively. 🧐
Predictions are based on Bitcoin's performance against USDT on Binance between November 1-30.
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😂 SEC’s Gary Gensler Likely Out After Trump’s Win, But Justin Sun Has a Job Offer Ready!
With Trump back, SEC Chair Gary Gensler may soon exit, says analyst Markus Thielen. It’s tradition for SEC heads to step aside with a new president, and Trump’s promised to end the “anti-crypto crusade” on day one. Could a friendlier SEC be on the horizon?
And here’s the twist: Justin Sun joked he’d be happy to hire Gensler—if he promises to play nice with crypto. "As an industry, we should have an inclusive heart," Sun said. Now that's a plot twist! 😁
With Trump back, SEC Chair Gary Gensler may soon exit, says analyst Markus Thielen. It’s tradition for SEC heads to step aside with a new president, and Trump’s promised to end the “anti-crypto crusade” on day one. Could a friendlier SEC be on the horizon?
And here’s the twist: Justin Sun joked he’d be happy to hire Gensler—if he promises to play nice with crypto. "As an industry, we should have an inclusive heart," Sun said. Now that's a plot twist! 😁
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🚀 Bitcoin ETF by BlackRock Hits $2 Billion Trading Volume in Hours!
In a remarkable start, BlackRock’s Bitcoin ETF raked in over $1 billion in just 20 minutes after the market opened, a level usually seen across a full trading day. Total volume hit $2 billion within hours, signaling massive interest. 💰
Looks like Wall Street has caught some serious FOMO! Will we see new records in Bitcoin ETF inflows tomorrow? 😏
In a remarkable start, BlackRock’s Bitcoin ETF raked in over $1 billion in just 20 minutes after the market opened, a level usually seen across a full trading day. Total volume hit $2 billion within hours, signaling massive interest. 💰
Looks like Wall Street has caught some serious FOMO! Will we see new records in Bitcoin ETF inflows tomorrow? 😏
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💉 In the last 12 hours, Tether has injected $1.845 billion USDT into exchanges.
• $1.706 billion on Binance
• $101.7 million on Coinbase
• $20 million on OKX
• $17.86 million on Kraken
Over the year, Tether has issued 37 billion USDT on the Ethereum and Tron networks, which is considered the main driving force behind the two new ATHs in 2024. 🚀
• $1.706 billion on Binance
• $101.7 million on Coinbase
• $20 million on OKX
• $17.86 million on Kraken
Over the year, Tether has issued 37 billion USDT on the Ethereum and Tron networks, which is considered the main driving force behind the two new ATHs in 2024. 🚀
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The largest early Ethereum investor has started selling ETH tokens purchased 8 years ago at $3.5 per coin! 💵
During that period, they accumulated 398,891 ETH ($1.14B) and have so far sold only 13,400 ETH ($37.3M).
Despite this, Ethereum’s price has finally begun to catch up with Bitcoin’s growth, rising 9% in the past 24 hours! 🚀
During that period, they accumulated 398,891 ETH ($1.14B) and have so far sold only 13,400 ETH ($37.3M).
Despite this, Ethereum’s price has finally begun to catch up with Bitcoin’s growth, rising 9% in the past 24 hours! 🚀
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📊Record Trading Volume in Bitcoin ETFs!
Amid Bitcoin’s surge, U.S. spot Bitcoin ETFs saw a trading volume of over $6 billion on November 6 — the highest since their launch in January. The iShares Bitcoin Trust by BlackRock alone contributed $4 billion. 💵
Total capital inflow reached $621.9 million, and spot ETFs now hold $76.48 billion in Bitcoin, which is 5.08% of all existing coins.💰
Ethereum-based ETFs also attracted $52 million on January 6, the highest in a month, managing a total of $7.42 billion in ETH.
Bitcoin hit an all-time high of $76,400 on November 7 (Binance), and Ethereum surged nearly 10%, nearing $2,900 for the first time since August! 🚀
Amid Bitcoin’s surge, U.S. spot Bitcoin ETFs saw a trading volume of over $6 billion on November 6 — the highest since their launch in January. The iShares Bitcoin Trust by BlackRock alone contributed $4 billion. 💵
Total capital inflow reached $621.9 million, and spot ETFs now hold $76.48 billion in Bitcoin, which is 5.08% of all existing coins.💰
Ethereum-based ETFs also attracted $52 million on January 6, the highest in a month, managing a total of $7.42 billion in ETH.
Bitcoin hit an all-time high of $76,400 on November 7 (Binance), and Ethereum surged nearly 10%, nearing $2,900 for the first time since August! 🚀
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89% of users on the Polymarket betting platform are losing money. 🧐
One reason is the relatively small bets (59% range from $0 to $100, and another 27% range from $100 to $500), which makes it easy for users to take losses lightly. 🤷
One reason is the relatively small bets (59% range from $0 to $100, and another 27% range from $100 to $500), which makes it easy for users to take losses lightly. 🤷
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