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Altcoin Season Hopes Fade as US Election Buzz Fuels Bitcoin Dominance
Altcoin Season Hopes Fade as US Election Buzz Fuels Bitcoin Dominance

Bitcoin dominance is surging, driven by demand for BTC ETFs, weakening prospects for altcoin season as the 2024 U.S. election nears.

BeInCrypto·2024/10/30 15:30
Ethereum (ETH) Price Climbs as 361,000 ETH Exits Exchanges
Ethereum (ETH) Price Climbs as 361,000 ETH Exits Exchanges

ETH's 7% rise shows bullish momentum, yet whale hesitation signals mixed sentiment. A major exchange outflow indicates long-term confidence.

BeInCrypto·2024/10/30 14:30
Solana (SOL) Price Sends Mixed Signals Amid Weakening Uptrend
Solana (SOL) Price Sends Mixed Signals Amid Weakening Uptrend

Solana (SOL) has risen by 14.29% in the past month. Bullish indicators remain, but low trend strength and resistance levels may limit gains.

BeInCrypto·2024/10/30 13:30
Bitcoin is enjoying a small breakout, but election volatility still to come
Bitcoin is enjoying a small breakout, but election volatility still to come

Option premiums and estimated daily volatility for bitcoin are projected to rise significantly around Nov. 6-8

Blockworks·2024/10/30 04:23
‘Trump trade’ and derivatives market optimism help bitcoin gain ground ahead of US election: analysts
‘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.

The Block·2024/10/30 04:00
Flash
  • 22:28
    Peter Schiff Claims to "Understand Bitcoin" but Not Stablecoins Pegged to the US Dollar, Plans to Launch Gold-Backed Token
    Peter Schiff, a well-known gold advocate and long-time critic of cryptocurrencies and Bitcoin, has stated that he "understands Bitcoin" but does not see the value in stablecoins pegged to the US dollar. He argues that if third-party custody is required, it would make more sense to choose tokens backed by gold rather than those supported by "flawed fiat currencies like the US dollar." On Friday, Schiff posted on the X platform that he plans to launch his own gold-backed token, though he did not provide a specific timeline or further details. Currently, the market size of stablecoins backed by the US dollar has surpassed $260 billion and remains dominant, while the market for gold-backed tokens is relatively small, at around $2 billion. Schiff's comments come as the US Senate has passed the "GENIUS Act," aimed at regulating the rapidly growing stablecoin industry. Although gold tokens are still a niche market, they are mainly used as on-chain stores of value and are striving to play a greater role in decentralized finance (DeFi) applications, such as serving as collateral for loans.
  • 22:25
    Trump: Hard to Ask Israel to Halt Airstrikes, May Support Ceasefire
    According to Jinse Finance, citing CCTV News, on the 20th local time, U.S. President Trump stated that it would be difficult to ask Israel to halt its airstrikes, and he might support a ceasefire. When asked whether he would request Israel to stop its attacks as he did with Iran, Trump said, "It's very hard to make that request right now." When asked if he would support a ceasefire, Trump replied, "I might, depending on the situation." Regarding whether he had decided to strike Iran, Trump said, "I'm giving them some time, I think at most two weeks." He added that the purpose of this move is "to see if people will come to their senses." Trump said the U.S. has been in dialogue with Iran. He stated, "Iran doesn't want to talk to Europe; they want to talk to us. Europe can't help with this matter." Trump also said that the statement by U.S. Director of National Intelligence Avril Haines that "there is no evidence Iran is building nuclear weapons" is incorrect. Trump believes Iran is only weeks or months away from possessing nuclear weapons.
  • 22:24
    Trump Calls on Powell to Cut Interest Rates Again
    Trump once again calls on Powell to cut interest rates.
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