Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting....
The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted....
Altcoins have lagged throughout the year amid regulatory uncertainty, and hence, K33 Research analysts said they are "more sensitive" to the election results....
The company requires financing conditions to remain agreeable, and there needs to be continued investor demand for the firm's convertible debt, the report said....
"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week," one observer said, noting pricier puts on the CME....
A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet....
Non-government cryptocurrencies such as Bitcoin are increasingly in the Deep State’s crosshairs for hijacking or eliminating as the effort to impose a Central Bank Digital Currency (CBDC) on humanity...
Moving bitcoin into pension schemes is “a bold step that reflects the forward-thinking nature of the trustees involved,” pension specialist Cartwright told Corporate Advisor magazine....
At the same time, crypto investors are looking to reduce risk ahead of the U.S. election, driving bitcoin's crypto-market dominance to a cycle high....
Recent rises in bitcoin prices have led some to believe that Trump, should he win, will be great for the industry. But the reality may be more complicated, says Alex Tapscott....