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Trump win drives Bitcoin to $76K, PlanB sets $500K target – Cointelegraph

Following Donald Trump's victory in the US presidential election on November 5, Bitcoin soared above $76,000. Bitcoin (BTC) analyst PlanB’s stock-to-flow model currently predicts a target price of $500,000 for the asset within the next four-year cycle, based on the model’s historical data and patterns. . Plan B pointed to President Trump's proposal to create […]

Blackrock's Bitcoin ETF flips gold fund – Cointelegraph

BlackRock's Bitcoin (BTC) exchange-traded fund (ETF) currently holds more assets than the asset manager's gold ETF, even though it was only launched in January, according to BlackRock data. I am doing it. IShares Bitcoin Trust (IBIT) had net assets of more than $33 billion as of November 8, according to iShares, surpassing IShares Gold Trust […]

'Trump Trade' Means Bitcoin Could Soar for Eight Weeks, Says JP Morgan – Decrypt

Bitcoin's The stratospheric rise will continue for at least another eight weeks. That's according to analysts at JPMorgan, America's largest bank. Analysts at the bank said in a report on Thursday that the largest digital coin by market capitalization will continue to benefit from the Republican victory in the US presidential election. bitcoin price It […]

Bitcoin Advocate Top Pick For Trump's Treasury Secretary – Bitcoinist

Billionaire hedge fund manager Scott Bessent is reportedly positioning himself as a front-runner for Treasury secretary in Donald Trump's administration. Matthew Pines, director of SentinelOne and national security researcher at the Bitcoin Policy Institute, shared a Financial Times article about X, highlighting Bessent's ambitions. President Trump's Treasury Secretary may be pro-Bitcoin The report, titled “President […]

BlackRock Bitcoin ETF sees 'biggest volume day ever' with $4.1B traded – Cointelegraph

BlackRock's Bitcoin exchange-traded fund (ETF) posted a record trading day following Donald Trump's victory in the US presidential election. November 6th post Bloomberg ETF analyst Eric Balchunas told to ” he said. “For context, there was more volume than we saw today in stocks like Berkshire, Netflix, and Visa. We were also up 10%, making […]

BlackRock's Bitcoin ETF sees 6th ever outflow on US election day – Cointelegraph

BlackRock’s Spot Bitcoin exchange-traded fund (ETF) has recorded its sixth day of net outflows since its inception in January. Institutional investors appear to have gone risk-off on US election day, as $44.2 million was leaked from the iShares Bitcoin Trust (IBIT) on November 5th. According to Go to the coin glass. But it was only […]

Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash – Cointelegraph

MicroStrategy founder Michael Saylor has retracted his comments that big banks should control Bitcoin after intense backlash from the crypto community. “I support voluntary custody for those who are willing and able, the right to voluntary custody for all, and the freedom of individuals and institutions around the world to choose their custody and guardianship.” […]

Crypto academics slam controversial ECB paper blasting Bitcoin – Cointelegraph

A controversial European Central Bank paper released earlier this month came close to calling Bitcoin a pyramid scheme, only to be slammed in a lengthy rebuttal by a group of crypto scholars. The ECB paper “portrays Bitcoin's volatility, lack of productive contribution, and concentration of wealth as serious flaws,” wrote Murray Rudd of the Bitcoin […]