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SOL crosses $220, eyes fresh all-time high

Post author By Blockworks
Post date 2Y

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

Soak it all in, SOL holders.

Donald Trump’s victory in the US presidential election ignited a crypto market rally. SOL reached a nearly three-year high Monday morning, crossing the $220 mark for the first time since early December 2021. The asset’s market capitalization also set a new record, crossing $104 billion for the first time, according to CoinGecko data.

Solana’s chief rival ETH has been an even bigger beneficiary of the election pump, rising some 26% since Trump declared victory in the wee hours of the morning on Wednesday, compared to an 18% jump for SOL. Bitcoin is up…

Thank You Donald Trump for Bitcoin's All-Time High

Post author By BitcoinMagazine
Post date 2Y

Follow Nikolaus On X Here

Just as I called it a few weeks ago, the election was too big to rig. I said the outcome of the election would dictate when we see a new Bitcoin all-time high. My argument was that if Trump won, we would see Bitcoin rise to a six figure price and if Kamala won, BTC would have dumped hard.

But thankfully, pro-Bitcoin Donald Trump swept the election, winning all swing states and the popular vote. His anti-Bitcoin opponent lost in…

LATEST: Bernstein Recommends Buying Bitcoin and Other Cryptocurrencies Now

Post author By cryptocrunchnews
Post date 2Y

Bitcoin hits unprecedented highs above $80,000, spurred by Donald Trump’s recent electoral victory. Analysts at Bernstein recommend immediate investment in the crypto market, forecasting a highly favorable regulatory climate. The firm’s analysts, led by Gautam Chhugani, declare, “Welcome to the crypto bull market — buy everything you can,” stressing the reversal of previous regulatory apprehensions.

Trump’s administration is expected to foster a crypto-friendly environment with new SEC leadership, advocating for significant crypto policies, including a national bitcoin reserve. Bernstein highlights the broader acceptance of bitcoin as a corporate and government asset. Moreover, Trump’s team, including pro-crypto figures like JD Vance and coalition allies, support substantial industry investment, evidenced by recent heavy inflows into bitcoin ETFs.

The firm remains bullish with a $200,000 bitcoin price target by 2025. Current trading shows bitcoin at $82,054, reflecting a 94% rise year-to-date. With such momentum, Bernstein advises wide-ranging crypto investments, from ETFs to direct digital assets, signaling robust growth prospects for the industry.

Daily US Bitcoin ETFs Net Flow Analysis (As of November 11, 2024)

Post author By cryptocrunchapp
Post date 2Y

On November 11, 2024, the daily net flow for U.S. Bitcoin ETFs recorded a significant overall inflow, indicating positive investor sentiment. BlackRock’s Bitcoin ETF (Ticker: IBIT) led the day with an impressive gain of 2,684 BTC, while Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw a healthy increase of 437 BTC.

Other ETFs also experienced net inflows. Bitwise’s Bitcoin ETF (Ticker: BITB) added 300 BTC, Grayscale’s BTC fund (Ticker: BTC) increased by 266 BTC, and Franklin Templeton’s (Ticker: EZBC) gained 232 BTC. VanEck’s (Ticker: HODL) managed an additional 56 BTC.

However, not all funds saw positive changes; ARK’s Bitcoin ETF (Ticker: ARKB) experienced a slight decline, losing 6 BTC, and Invesco Galaxy’s (Ticker: BTCO) recorded a decrease of 20 BTC. Valkyrie’s (Ticker: BRRR) holdings remained unchanged.

In total, the combined Bitcoin holdings of these ETFs reached 1,023,973 BTC, with a net daily increase of 4,035 BTC, valued at approximately $340 million. This robust inflow highlights a day of strong trading activity and overall bullish behavior in the Bitcoin ETF market.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Remembering FTX: How the collapse shaped crypto’s future

Post author By Blockworks
Post date 2Y

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Today marks two years since the eventful day FTX filed for bankruptcy. Sam Bankman-Fried is in jail for 25 years, Ryan Salame likewise for 7.5 years, Caroline Ellison just commenced a two-year jail term and the FTX bankruptcy estate is making progress.

Though the story was widely publicized across mainstream media as a colossal failure of crypto writ large, that was never actually true. The specific areas of failure in the FTX debacle were in fact the kinds of centralized institutions that cryptocurrency was designed to upend.

Recall the commingling of funds — about $14.6 billion of…