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‘Trump trade’ and derivatives market optimism help bitcoin gain ground ahead of US election: analysts

With November 5 approaching, Bitfinex analysts suggested that election-driven momentum, strong technical indicators, and elevated derivatives positioning point to an improving price outlook for bitcoin. However, they cautioned that short-term volatility is likely in the days following the election as markets react to the results and the potential for shifting macroeconomic conditions.

theblock.co • 29/10/2024 - 11:57 AM

Ethereum mainnet issues drive users to Layer 2s and Solana, analyst says

Ethereum’s infrastructure limitations are leading users, applications, and capital to migrate to Layer 2 solutions and competing blockchains like Solana, an analyst said. Another analyst noted that liquidity fragmentation across Ethereum’s Layer 2 networks poses a risk to market efficiency.

theblock.co • 28/10/2024 - 18:06 PM

Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off

Bitcoin's price may rise before the U.S. elections but could face sell-offs afterward, influenced by expected Fed rate cuts and Microsoft's investment decision.

theblock.co • 28/10/2024 - 17:33 PM

CRYPTO MOVERS

Bitcoin call options see surge in demand for first expiry after US election, Deribit CEO says

Derivatives traders anticipate a bullish bitcoin trend post-U.S. election, with a significant number of call options indicating optimism despite potential volatility.

theblock.co • 25/10/2024 - 15:52 PM

AI memecoins endorsed by the Truth Terminal chatbot see double-digit price drop

Major AI memecoins face price drops, led by Goatseus Maximus. Its endorsements fuelled hype, but overall market capitalization decreases indicate cooling interest in crypto and AI fusion.

theblock.co • 25/10/2024 - 15:18 PM

Bitcoin could test its all-time high above $73,000 on day of US election, says Standard Chartered analyst

Geoff Kendrick predicts Bitcoin may hit $73,000 on election day; potential $125,000 with Republican sweep, or $75,000 under Kamala Harris. Recent trading signals positive price movement.

theblock.co • 24/10/2024 - 15:58 PM

CRYPTO MOVERS

Bitcoin options traders position for price gains post-U.S. election

Bitcoin options traders expect price increases post-U.S. election, with heightened call options purchasing. Trump leads betting markets, signaling potential volatility in Bitcoin's performance.

theblock.co • 24/10/2024 - 13:39 PM

CRYPTO MOVERS

Bitcoin may have hit short-term price top ahead of US Election, analysts say

Bitcoin may be nearing a short-term price peak, with overwhelming profit among addresses and rising demand driven by economic factors ahead of the U.S. election.

theblock.co • 23/10/2024 - 17:04 PM

CRYPTO MOVERS

CryptoQuant says bitcoin retail activity picked up in October after summer lull

In October, retail interest in Bitcoin surged alongside institutional demand, reflecting optimism and increased activity, though ETF inflows have shown volatility amid challenges breaking past key price levels.

theblock.co • 23/10/2024 - 11:15 AM

Bitcoin volatility expected to increase after approval of options on ETFs, analysts say

Options on spot bitcoin ETFs, like IBIT, may boost volatility and attract institutional investors, according to analysts, while SEC limits aim to control market manipulation risks.

theblock.co • 22/10/2024 - 17:06 PM

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