Bitcoin nears $78,000 as midterm election uncertainty fades
With the cloud of uncertainty surrounding the U.S. midterm elections beginning to lift, Bitcoin is surging upward, making a sharp, V-shaped recovery toward the $78,000 mark.
Change over 24 hours. Prices from CoinGecko.
With the cloud of uncertainty surrounding the U.S. midterm elections beginning to lift, Bitcoin is surging upward, making a sharp, V-shaped recovery toward the $78,000 mark.
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At the same time, both the BTC ETFs and ETH ETFs bleed outflows in the Binance hack aftermath, dragging down prices.
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A significant portion of the illicitly obtained funds, amounting to $11 million, was successfully frozen with the assistance of key partners, including Chainalysis, Tether, and Circle.
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Hackers are reportedly leveraging large language models to uncover security vulnerabilities, a warning issued by the founder of Swan Bitcoin.
Traders are keenly observing several indicators as they anticipate a potential rally for Bitcoin following the midterm elections.
Wallets across a minimum of ten different blockchain networks were emptied, prompting the Brazilian exchange, Mercado Bitcoin, to cease both deposits and withdrawals.
Uptober was far from it, with the Binance hack punctuating a red month.
The Bitcoin treasury firm also spent $208.2 million buying back its STRC preferred stock, cutting its USD Cash balance to $132.7 million.
A midterm surge is visible on Bitcoin's "volatility curve."
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Users of the Bitcoin payment utility, BTCPay, have been advised to disable their servers following reports that some digital wallets have been emptied.
Swaps on THORChain were halted following the discovery of a block reorg bug, which concurrently slowed down activities by Binance hackers.
The FBI has confirmed North Korea's involvement in the massive $6 billion hack targeting Binance.