BlackRock Bitcoin ETF sees ‘biggest volume day ever’ with $4.1B traded

November 7, 2024 Coin Telegraph

<div>BlackRock Bitcoin ETF sees 'biggest volume day ever' with .1B traded</div>

BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.

BlackRock’s Bitcoin exchange-traded fund (ETF) witnessed a record day of trading after Donald Trump’s victory in the United States presidential election.

In a Nov. 6 post to X, Bloomberg ETF analyst Eric Balchunas shared that the iShares Bitcoin Trust (IBIT) witnessed its “biggest volume day ever” with over $4.1 billion in daily trading volume on Nov. 6.

“For context that’s more volume than stocks like Berkshire, Netflix, or Visa saw today. It was also up 10%, its second-best day since launching, “ added Balchunas.

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Bitcoin to move 10% ‘either direction’ depending on US election: Trader

November 4, 2024 Coin Telegraph

Bitcoin

Crypto investors should prepare for even more volatility around the US election, with “at least” a 10% move foreseen for Bitcoin.

The price of Bitcoin could swing at least 10% depending on which United States presidential candidate wins the election on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months.

In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s (BTC) weekly close didn’t look “the cleanest” but this wouldn’t matter too much with the election looming.

He said there was a good possibility Bitcoin will see “at least a 10% move in either direction depending on who wins the election.

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‘Crypto President High Tops’ — Trump Reveals Limited Edition Bitcoin Sneakers

July 31, 2024 Bitcoin.com

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Former U.S. President Donald Trump announced through a recent post on Truth Social that he is launching a line of Bitcoin-themed sneakers. “Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was GREAT! Get your Bitcoin Sneakers now. These are Limited Edition, they are each numbered, and you can now pay with […]

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Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’

July 15, 2024 Coin Telegraph

Bitcoin

With Germany’s “forced selling” over and Mt. Gox repayments all but priced in, analysts look to an easing macro environment as a driver for Bitcoin’s price in the coming months.

The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in.

Bitcoin (BTC) has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is currently changing hands for $62,550, per TradingView data.

Ben Simpson, the founder of crypto education platform Collective Shift told Cointelegraph that he believed Bitcoin’s “local bottom” had now been formed and believes BTC is now headed for an uptrend.

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