Bitcoin News

Bitcoin News

Markets

Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts

BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.

(engin akyurt/Unsplash)

Tech

Bitcoin Developers Working With StarkWare, Blockstream Claim Breakthrough on New Features

The prestigious team of developers say that the new method for adding "covenants," while still in need of refinement, could bring greater programmability to the Bitcoin blockchain without requiring a notoriously difficult-to-pass upgrade known as a soft fork.

Figure from the just-published paper (Heilman, Kolobov, Levy, Poelstra)

Markets

Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has 'No Effect' on Policy

Fed Chair Jerome Powell's speech later today could shake up markets as he will face questions about the central bank's outlook on monetary policy and inflation after Donald Trump's decisive win in the U.S. presidential election.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Markets

Post-Election Déjà Vu: Bitcoin Spikes to a New Record High, While Ether and Solana Rally Ahead of FOMC

Bitcoin (BTC) just hit a new all-time high, but Ethereum's ether (ETH) is the bigger winner.

Bitcoin made a new high today. (CoinDesk).

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Markets

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.

BTC price, Nov. 7 2024 (CoinDesk)

Markets

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.

Bitcoin: daily price performance (Glassnode)

Policy

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.

Trump sending bitcoin transaction at PubKey bar in NYC (Fox News/Modified by CoinDesk)

Markets

Bitcoin Soars as Gold Dips: The Stellar 12% Surge in BTC/XAU Signals a Market Shift

The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.

Bitcoin/Gold ratio chart (Tradingview/CoinDesk)

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Markets

MAGA, HORRIS, and Other PoliFi Tokens in Decline After U.S. Election Concludes

Does PoliFi have staying power? The market isn't so sure.

Trump sending bitcoin transaction at PubKey bar in NYC (Fox News/Modified by CoinDesk)

Markets

Bitcoin Fed Preview: Powell's Take on 'Trump Tariffs' Could Shake Markets as 25bp Rate Cut is a Foregone Conclusion

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.

Screen grab from Trump's teaser of the new World Liberty Financial crypto company (Rug Radio, modified by CoinDesk using PhotoMosh)

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