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First Mover Americas: Bitcoin Holds Below $75K Before Expected U.S. Rate Cut
The latest price moves in crypto markets in context for Nov. 7, 2024.
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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.”
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German Chancellor Scholz Calls Snap Election as Coalition Government Collapses
Olaf Scholz is looking to bring the general election forward to March from September.
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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.
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Trump’s Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares
Under the 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.
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This Metric Points to Rotation From Gold to Bitcoin
The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.
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MAGA, HORRIS, and Other PoliFi Tokens in Decline After U.S. Election Concludes
Does PoliFi have staying power? The market isn’t so müddet.
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Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness
The bullish sentiment comes from Trump’s promise to make the U.S. a leading hub for cryptocurrency during his campaigns, which might translate into more favorable regulations for DeFi.
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Bitcoin Fed Preview: Powell’s Take on ‘Trump Tariffs’ Eyed Amid Anticipated 25bps Fed Rate Cut
A 25-basis point Fed rate cut will likely be a non-event, and markets will be interested in what Powell thinks of President-elect Donald Trump’s inflationary policy cocktail of loose fiscal policy and import tariffs.
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What Next For Bitcoin After Trump Win? Traders Look to Fed Rate Cuts For Bullish BTC Move
Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar’s value and pushing investors towards alternative investments.