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.

Whether Kamala Harris or Donald Trump becomes U.S. president probably won’t dictate bitcoin’s price growth.

At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus the outlook for an easy Trump victory just days ago.

The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.

Over $2 billion worth of bitcoin was sent to exchanges at a loss on Thursday, the most since August’s yen carry trade unwind, as bitcoin fell below $70,000.

The final stretch of the U.S. presidential election is keeping traders on their toes after recent big runs higher for crypto and traditional markets.

Normally, a $21 billion equity offering by a company only worth just over double that amount would tank the issuer’s stock price. But the economics around corporate America’s biggest bitcoin bull are different.

Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.

The goal of allowing greater utility on the Bitcoin blockchain is one of almost existential importance, according to Citrea.

The latest price moves in crypto markets in context for Oct. 31, 2024.