🕯 Funds are investing in #Bitcoin, while #Tether prints money

While #BTC was climbing towards its price peaks in an attempt to break through the #ATH, and all BTC holders were in profit, according to #IntoTheBlock, two more events added fuel to the market:

🔼 Spot #ETFs on digital gold brought in $870 million in yesterday's session, marking the third-largest inflow since the instrument's launch.

🪙 The issuer of #USDT released another 1 billion coins on the #TRON blockchain.

Meanwhile, Bitcoin dominance has reached 60%, and experts anticipate an upcoming market shift toward altcoins. However, this is likely only after a new potential BTC growth trigger, driven by a key interest rate cut in the U.S., expected as soon as November 7, with a 98% market expectation.

#CryptoNews

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🧭 The Fear and Greed Index has reached a value of 77 — extreme greed

This may indicate an overheated market and an increased likelihood of a correction. Additionally, according to the #DCA investment strategy, selling some assets during periods of market greed can help reduce the risk of losses, which may put some pressure on #BTC.

🪙 Meanwhile, analysts attribute yesterday’s growth not only to record inflows into #ETFs over the past six months but also to a short squeeze. Liquidations of shorts on #Bitcoin alone amounted to $115 million.

Which direction are we headed?

😢 — Correction
😎 — Break #ATH

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#CryptoNews

#Opinion

🪙 Analysts from #10XResearch predict $100,000 for #Bitcoin by January 2025

The company’s experts are confident that current market trends and upcoming events, such as the U.S. elections and a potential key rate cut, could lead #BTC to a sharp rise to the psychological mark of $100,000.

🕯 According to 10XResearch, based on the last 15 signals, the accuracy of their forecasting models is 86.7%. Meanwhile, Bitcoin is under pressure from whales who are taking profits near the #ATH, anticipating possible price fluctuations.

Waiting for January? 🚀

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📆 Today marks the 16th anniversary of the #Bitcoin White Paper. On this day, Satoshi Nakamoto introduced the legendary document that laid out the concept of decentralized digital currency, sparking a revolution in electronic payments and becoming the foundation for blockchain and cryptocurrency as a whole.

He also managed to unsettle traditional financial institutions—first with new technology, and now with #FOMO. It’s likely that Satoshi had long-term plans for #Bitcoin, and it seems no coincidence he chose October 31 for the publication 😄

#QuoteOfTheDay

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On #Halloween, let’s recall the price of #Bitcoin #BackInTheDay over the past 14 years 🎃

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📆 Friday's #CryptoDigest of news:

🪙 #Bitcoin has dropped below the support level of $70,000, presumably due to a sell-off in #Nasdaq and #S&P500 stocks triggered by statements from tech giants about increased AI investments. Total outflows from the stock market amounted to $953 billion.

⏰ Today, options contracts for #BTC and #ETH worth a total of $2.3 billion are set to expire, which may impact the short-term price movements of these assets.

🪙 #CanaryCapital has officially filed an application with the #SEC for a Solana-based ETF.

🕯 Inflows into spot Bitcoin #ETFs remain close to zero.

📌 The market is bracing for volatility due to today’s release of non-farm payroll data.

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📆 #EventOfTheDay: U.S. Elections

Tomorrow, November 5, one of the most significant events for the entire crypto market will take place: the U.S. presidential election. The publication of results is expected on November 6, and many experts agree that regardless of which candidate wins, #Bitcoin is likely to continue its growth.

📌 For instance, analysts at #SpotOnChain point out that historically, a bull market has often followed the election. In their view, regardless of whether Donald Trump or Kamala Harris wins, #BTC will set a new #ATH (all-time high) and reach $100,000 by the end of the year.

Meanwhile, betting platforms show improved odds for the Democratic candidate, with Harris’s chances rising to 44%, which may have contributed to recent market corrections.

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⚡️ #BTC Mining Difficulty Hits All-Time High

The metric has risen above 101.6T, causing calculation algorithm failures on some analytics platforms, as such high values were not anticipated in their design.

🕯 Meanwhile, spot #Bitcoin-#ETFs faced a record outflow of $540.9 million one day before the elections. The only ETF with a positive inflow was #BlackRock, recording $38.6 million.

#CryptoNews

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🪙 Historical trends of #BTC show that the market doesn’t care who wins the election — after U.S. elections, #Bitcoin has typically shown growth.

💯 — Growth will repeat
😢 — This cycle is different from previous ones

#BackInTheDay

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🔥 #Bitcoin has set a new all-time high

After the release of preliminary results, Trump’s chances of winning stood at 93%. Although the count is ongoing, this data was enough to give #BTC a boost and push it to a new #ATH.

🕯 Alongside digital gold, top-100 altcoins also saw gains: #GOAT +48%, #DOGE +29%, #UNI +23%, #SUI +21%, #WIF +20%.

📈 Additionally, political #memecoins are on the rise, with some showing gains of up to +1,000%.

#CryptoNews

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🔼 Is the Bull Market Here?

The U.S. election results have pushed #Bitcoin to a new all-time high of $76,400, with funds adding over $621 million to #ETF. Additionally, the Fear and Greed Index has risen to 77, sitting firmly in the greed zone.

🪙 According to data from #CoinGlass, open interest in #BTC has reached a new record high, which could signal further market growth.

📌 Moreover, the Fed meeting is scheduled for today, and expectations are for a 0.25% rate cut. Jerome Powell is expected to provide an outlook on inflation and the overall state of the U.S. economy.

#CryptoNews

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over altcoins) — 59.43%

🧭 Fear and Greed Index — 76

🇺🇸 13.11 16:30 USD — Consumer Price Index (YoY) (Oct). Forecast — 2.4%. Previous — 2.4%.

🇺🇸 13.11 16:30 USD — Consumer Price Index (MoM) (Oct). Forecast — 0.2%. Previous — 0.2%.

🇺🇸 14.11 16:30 USD — Initial Jobless Claims. Forecast — 222k. Previous — 221k.

🇺🇸 14.11 19:00 USD — Crude Oil Inventories. Previous — 2.149M.

🇺🇸 14.11 23:00 USD — Fed Chair Powell’s Speech.

🪙 #Bitcoin reached $82,000 per coin, setting a new #ATH.

🕯 Over the past 24 hours, positions worth more than $650 million were liquidated.

🪙 Over the weekend, #Solana’s market cap reached $100 billion, with #SOL price exceeding $215.

📈 #SHIB and #Cardano have returned to the top 10.

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⚡️ Welcome to the bull crypto market. Buy everything you can

This is exactly how Bernstein’s investment letter to its clients began. Meanwhile, Bitcoin's market cap has surpassed silver, and the total market volume has reached $3.12 trillion, almost overtaking France's GDP.

🪙 Currently, #BTC has set a new #ATH above $89,500, the Fear and Greed Index is at 80, and the volume of search queries for #Bitcoin has reached a two-year high.

What's next?

🫡 — Correction
🔥 — To the Moon

#CryptoNews #QuoteOfTheDay

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🔮 In early September, former basketball player Scottie Pippen dreamed of Satoshi Nakamoto, who told him that #Bitcoin would reach $84,650 by November 5th of this year, which Scottie immediately shared on his Twitter.

Although there was a 6-day margin of error, Pippen's prediction came true, proving to be more accurate than the opinions of some market experts who predicted a drop in #BTC.

If any of your acquaintances are traders who make cryptocurrency price predictions based on natal charts or similar methods — share the case in the comments, let’s gather all the effective market analysis techniques together 💪

#Useful

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🔽 The market corrected amid liquidations

In the past 24 hours, liquidations totaling over $1.3 billion were recorded, which contributed to a nearly 4% drop in #BTC. Meanwhile, inflows into spot #Bitcoin #ETFs continue to grow — just yesterday, $817 million flowed into this instrument.

📌 While digital gold tries to recover from the drop and stabilize at the $90,000 level, Bitcoin’s dominance index over altcoins reached its highest level in three years — 61%, indicating greater market interest in #BTC.

🕯 Historically, a decrease in this indicator is seen as the start of alt season, but we’re likely still far from that, as alts have currently fallen by an average of 10%-20%. Analysts at #Copper believe Bitcoin’s peak may only come at the end of May next year.

🔥 — Waiting for alt season
💯 — Waiting for Bitcoin at $200K

#CryptoNews

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💰 Memecoins are on the rise again

Compared to other top-100 coins, #memecoins are showing the best growth dynamics. Leading the pack are #PEPE and #PNUT — the former due to listings on several major exchanges, and the latter, it seems, has become #Elon Musk’s new favorite.

🕯 Meanwhile, the correlation between gold and #BTC has fallen to an 11-month low. Since #Trump’s election victory, #Bitcoin has shown a 30% increase, while gold prices have dropped by 5%.

🔼 Despite minor price pullbacks, Bitcoin’s growth continues to be supported by investment funds, which just yesterday directed an additional $510 million into #ETF.

#CryptoNews

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#Opinion

📌 What’s next?

Analysts generally agree that the market will continue to grow. For example, Ali Martinez and Gert van Lagen believe that #Bitcoin could reach between $255,000 and $320,000 if it breaks the psychological level of $100,000 per coin.

💬 Confidence is further boosted by a recent survey from Sygnum, in which more than 400 professional market participants, each with an average of over 10 years of experience, took part. The results show that 57% of institutional investors plan to increase their crypto portfolios.

🗣️ The optimistic outlook for the market’s future is tempered only by Ki Young Ju, CEO of #CryptoQuant. He believes that by the end of the year, we should expect market overheating due to miner activity and high unrealized profits of leveraged traders, which could lead to a subsequent decline in #BTC to $60,000.

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📌 The Fed Chair dampened investor expectations by stating that further rate cuts may not happen. #Bitcoin immediately reacted with a drop.

Meanwhile, the market estimates a 60% probability that at the next Fed meeting in December, the rate will still be cut by 0.25%. Just last week, the probability was assessed at 76%.

ℹ️ It’s worth noting that additional factors influencing decisions on interest rates will include upcoming releases of unemployment and inflation data.

#QuoteOfTheDay

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📌 What are futures?

We’ve already written about futures trading in the glossary, but let’s take a closer look at the term “futures” once again:

A futures contract is an agreement where a trader commits to buy or sell an asset at a predetermined price in the future.

Futures are most often used for speculation, hedging, and accessing large trades. In the latter case, the trader can open a position with a small amount by only depositing a part of the contract’s value (the margin).

ℹ️ Example:

- Currently, #BTC is priced at $90,000, and the trader believes that the price of Bitcoin will continue to rise.

- The trader buys a futures contract, agreeing to buy #Bitcoin in a month for $90,000.

- If after a month the price has risen to $100,000, the trader buys the asset for $90,000 (according to the contract) and sells it for $100,000, making a profit of $10,000.

- If the price drops, for example, to $80,000, the trader is still obliged to buy BTC for $90,000, which results in a loss of $10,000.

🕯 Futures trading allows the use of leverage, which allows opening large trades with less capital. For example, with 10x leverage on a $90,000 contract, the trader would only need to deposit 10% of the amount — $9,000.

⚠️ However, leverage increases risks. In the event of a significant price move against the position, liquidation may occur, and the trader will lose the entire margin.

#Useful