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Share link:In this post: Arkham Intelligence on-chain data shows that the German government moved 1000 BTC to Coinbase, Bitstamp, and other unknown addresses. Since July 6, Germany’s BTC outflow has been over 4000 BTC worth over $229 million, with its account now holding 35,446 BTC. Germany’s BTC inflows and outflows are causing crypto market turbulence, leading to price fluctuations and market uncertainty.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for
Share link:In this post: Germany liquidated $950m in only twenty-four hours, but Bitcoin’s price did not tumble. Bitcoin has managed to stabilize above $56,000, with minor bullish signals from technical indicators.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decis
A Bitcoin and crypto market summer crash is nothing new, in fact, it has happened several times before leading analysts to look at previous years in an effort to predict what will happen later this year.
Share link:In this post: Bitcoin mining firm TeraWulf is open to mergers as long as they increase BTC mining profitability instead of focusing on expansion. TeraWulf mentioned that its primary purpose was to provide stakeholders with sustainable returns. A February Galaxy Digital report suggested that mining firms may consider mergers and acquisitions to manage high BTC mining power costs.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments ma
Check out why BTC may hit a new ATH this year.
- 04:52Citibank: Traders are not focused on the election, but on the US economy and earnings seasonCitigroup analysts suggest that elections often have a significant impact on market trends before voting, but traders seem to be more focused on other things this year. Analysts point out that several market indicators that usually appear before the U.S. election are noticeably calm this year, indicating concerns about the election's impact on the market may be less than in previous years. They believe traders are not focusing on the election, but rather on the U.S. economy and earnings season. Analysts say strong performance of U.S. stocks in weeks leading up to Election Day could likely be driven by robust conditions of the American economy rather than investors positioning themselves in "Trump trades" or "Harris trades". However, they note as with previous years, it is very possible for stock markets to rebound after an election. They suggest due to most companies reporting solid performances during recent earnings seasons, current market positions will likely cause a stock market rebound following November 5th voting and possibly reach new highs within the new year.
- 04:48Analysis: The options market predicts that the expected fluctuation range will reach around 8% on the day after the US presidential electionBitcoin speculators are preparing for potential significant market fluctuations following the U.S. election on Tuesday, said Caroline Mauron, co-founder of crypto derivatives liquidity provider Orbit Markets. The options market also indicates that the expected volatility on the day after voting will reach about 8%, while the usual rise or fall is usually 2%. However, she also pointed out that after November 7th, there was no significant volatility premium in the market, indicating that the market expects election results to come out quickly. Analysis says Trump leads Harris in prediction markets which helped Bitcoin hit a record high a week ago but his odds have since fallen causing Bitcoin prices to drop. In the final round of US voter intention surveys, there were some signs favoring Harris.
- 04:45Mining company Bitfarms produced 236 BTC in October and sold 194 BTC in the same monthAccording to Bitfarms' latest announcement, the company mined 236 BTC in October 2024, a month-on-month increase of 9% but a year-on-year decrease of 41%. It sold 194 BTC that month, earning $13 million in revenue and increasing its Bitcoin holdings from 1147 to 1188. Bitfarms' computing power reached 11.5 EH/s this month, an annual increase of 83%. In addition, under the custody agreement with Stronghold Digital Mining, a total of 20,000 mining machines will be deployed supporting approximately four EH/s of computing power and are expected to go online in batches over the next few months.
