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BTC did not disappoint expectations. Around 6 AM this morning, the price once again broke through $70,000, briefly exceeding $71,000, with a 24-hour increase of over 4%, currently hovering around $71,000.
Bitcoin is poised for a potential increase in value as the U.S. elections on November 5 approach; however, analysts caution that a sell-off could follow.The largest digital asset by market capitalization is now trading just below the $69,000 mark, with just over one week to go before the U.S. presidential election on November 5.
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.
- 18:51Negotiations Fail to Break Deadlock as Iran Insists Israel Must Halt Attacks Before Talks with the USAs the Trump administration weighs whether to join Israel in striking Iran, negotiations between Iran and European leaders have failed to bring Iran any closer to making concessions to end the standoff over its nuclear program. European countries have joined the Trump administration in demanding that Iran halt its nuclear fuel enrichment activities, increasing pressure on Tehran to accept terms it rejected in this year’s nuclear talks. According to Arab and European officials familiar with the discussions, Iran’s foreign minister on Friday continued to insist on Iran’s right to enrich uranium. He also maintained that Iran would not resume nuclear negotiations with the United States until Israel halts its attacks. After the talks, he stated, “Once the aggression stops and the aggressor is held accountable for its crimes, Iran is prepared to reconsider diplomatic options.” On the other hand, Israel has shown no sign of being ready to halt the strikes it began a week ago. On Friday, the Israeli military chief of staff said that Israel must be prepared for a prolonged conflict with Iran.
- 18:17U.S. Supreme Court declines to expedite review of Trump tariff caseThe U.S. Supreme Court has declined to fast-track a legal challenge against the broad tariffs imposed by former President Trump. On Friday, the Supreme Court rejected a scheduling request from two educational toy manufacturers seeking to overturn several of Trump’s import tariffs. This decision means the U.S. government will have the standard 30 days to file a full response, rather than the shorter deadline requested by the two companies in their application on Tuesday. Learning Resources Inc. and hand2mind Inc. had hoped the Supreme Court would take the unusual step of hearing the case without waiting for a ruling from the federal appeals court. The Trump administration argued that the Supreme Court should allow the normal appeals process to proceed.
- 17:50Putin: Concerned the World May Be Sliding Toward a Third World WarRussian President Putin stated during the plenary session of the St. Petersburg International Economic Forum (SPIEF) on Friday, in response to questions from reporters, that he is concerned the world may be sliding toward a third world war. "This does worry me. I say this without any irony or jest. Of course, the possibility of conflict is very high, and it is increasing."