The Block
The Tokyo-listed firm said that it bought an additional 38.4 bitcoin.This purchase brings its total bitcoin holdings to 398.8 BTC.
Analysts at Animoca Brands Research claim that Polymarket users will likely stick with the platform after its biggest draw — the U.S. presidential election — has concluded.
Observing key crypto metrics on major platforms provides insight into what “smart money” is doing amid the U.S. election, according to Kaiko.Analysts predict big crypto price swings in either direction, depending on the outcome, as the presidential race draws to a close.
Traders expect a 3.5% swing in bitcoin prices on U.S. election night — though analysts warn that markets may be underestimating potential post-election volatility if results face delays or disputes.Analysts added that Bitcoin dominance has surged above 60% ahead of today’s elections as capital flows increasingly favor the foremost cryptocurrency over altcoins like Ethereum and Solana.
U.S. spot bitcoin ETFs reported $541 million in net outflows on Monday, following one of their largest streaks of net inflows last week.The price of bitcoin has been fluctuating around the $68,000 level over the past day as the market awaits the result of the U.S. presidential election.
Quick Take A Trump victory could see Ross Ulbricht pardoned and Gary Gensler fired. The impact of a Harris win is less clear, although she has promised to protect Black men who invest in crypto.
Quick Take Bitcoin mining difficulty jumped 6.2% to hit an all-time high of more than 100 trillion on Tuesday. The positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of over 750 EH/s last week.
Quick Take The market capitalizations of Daos.fun’s major memefunds, such as ai16z and Norm Capital, have plunged by over 80% in the past seven days. The discrepancies between memefund market cap and actual net asset values suggest potential liquidity issues for holders.
Quick Take Daily bitcoin inflows to centralized exchanges are lower today than on previous U.S. Election Days, suggesting potentially reduced selling pressure around the event, according to CryptoQuant analysis. Short-term holders have increased their bitcoin holdings by 343,000 BTC since early October, reaching 4.25 million BTC, indicating renewed interest in the digital asset ahead of today’s election, according to an analyst.
