Why Bitcoin’s Record Price Rally May Be Choked Between $90K and $100K?

As bitcoin’s ongoing price surge gives off an aura of invincibility, one force threatens to slow the ascent above $90,000.
Bitcoin Touches Record-High $85K, Adds Almost $20K in a Week

Gold and most of the so-called magnificent seven tech stocks are down on the day.
Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness

Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing of World Liberty Finance – riling up DeFi-focused trades.
Bitcoin Soars as Gold Dips: The Stellar 12% Surge in BTC/XAU Signals a Market Shift

The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.
Bitcoin Registers Fourth-Best Day of 2024 as BlackRock ETF Posts Record Volume

BlackRock’s iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.
Trump’s Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares

Under such a proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency’s total supply, the report said.
Donald Trump More Likely to Pardon Jan. 6 Protestors Than Silk Road Founder: Polymarket

The President-Elect promised pardons for the protestors and to commute Ulbricht’s sentence when he was on the campaign trail.
German Chancellor Scholz Calls Snap Election as Coalition Government Collapses

Olaf Scholz is looking to bring the general election forward to March from September.
First Mover Americas: Bitcoin Holds Below $75K Before Expected U.S. Rate Cut

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
SEC Seeks to Dismiss Three of Kraken’s Key Defenses in U.S. Lawsuit

A motion filed earlier this week rejected several of Kraken’s defenses and complained that the exchange was “trying to re-litigate the same issues repeatedly.”
