Archiv der Kategorie: Bitcoin

Citi Bank wartet auf die Genehmigung der Regulierungsbehörden

Weitere US-Bankenriesen setzen auf Bitcoin: Die Citi bereitet sich auf den Handel mit Bitcoin-Futures vor, nachdem die Nachfrage ihrer Kunden gestiegen ist.

Der US-amerikanische multinationale Investmentbanking-Riese Citigroup erwägt Berichten zufolge den Handel mit Bitcoin-Futures, da er ein gesteigertes Interesse an BTC bei seinen institutionellen Kunden festgestellt hat.

CME erwägt den Handel mit CME-Bitcoin-Futures

Einem Bericht von CoinDesk vom Dienstag (24. August 2021) zufolge hat eine anonyme Quelle innerhalb der Bank enthüllt, dass die Citi daran arbeitet, grünes Licht für den Handel mit Bitcoin-Futures an der Chicago Mercantile Exchange (CME) zu erhalten. Ethereum kaufen mit PayPal.

In einer E-Mail eines Citi-Sprechers an die Medien heißt es:

„In Anbetracht der vielen Fragen im Zusammenhang mit den regulatorischen Rahmenbedingungen, den Erwartungen der Aufsichtsbehörden und anderen Faktoren gehen wir sehr bedacht vor. Wir ziehen derzeit Produkte wie Futures für einige unserer institutionellen Kunden in Betracht, da diese unter starken regulatorischen Rahmenbedingungen arbeiten.“

Abgesehen davon, dass die Investmentbank mit BTC-Futures handeln möchte, stellt sie laut einer anderen Person, die mit der Angelegenheit vertraut ist, derzeit Mitarbeiter für ein Kryptowährungsteam mit Sitz in London ein. Die ungenannte Quelle ist außerdem optimistisch, dass die Aufsichtsbehörden die Genehmigung für den Handel mit Bitcoin-Futures erteilen und später eine Genehmigung für börsengehandelte Bitcoin-Notes (ETNs) erteilen werden.

Der Wall-Street-Bankenriese stellte unterdessen fest, dass er ein schnelles Interesse an Bitcoin von institutionellen Kunden beobachtet, die ein Engagement in der größten Kryptowährung suchen. Die jüngste Entwicklung folgt auf einen früheren Bericht vom Mai, in dem es hieß, dass die Citi über die Einführung eines Kryptowährungshandels- und -verwahrungsdienstes nachdenkt.

Später im Juni stellte die Investmentbank eine neue Geschäftseinheit namens Digital Assets Group vor, die sich auf Kryptowährungen und Blockchain konzentriert. Bereits im März veröffentlichte Citi einen Bericht, der die wachsende institutionelle Akzeptanz anerkannte, aber feststellte, dass Bitcoin eine ungewisse Zukunft habe.

Wall-Street-Banken und Bitcoin

Interessant ist, dass sich immer mehr Finanzinstitute der Wall Street für Bitcoin erwärmen und allmählich von ihrer früheren skeptischen Haltung gegenüber der Kryptowährung abrücken. Diese Organisationen haben festgestellt, dass die kryptobezogenen Dienstleistungen, die sie anbieten, eine Antwort auf die Nachfrage der Kunden sind.

Eines dieser Institute ist der Bankenriese JPMorgan, der als eine der ersten Großbanken in den USA seinen wohlhabenden Kunden Zugang zu Kryptofonds bietet. Ein anderer Bankenriese, Goldman Sachs, erlaubte seinen institutionellen Kunden, Bitcoin-Derivate zu kaufen und zu verkaufen. Das Unternehmen begann auch mit dem Handel von BTC-Futures in Blocktrades an der CME Group.

Die Bank of New York Mellon (BNY Mellon), Amerikas älteste Bank, gab bekannt, dass sie später im Jahr 2021 Krypto-Verwahrungsdienstleistungen anbieten wird.

Ist Bitcoin Prime gut oder nicht

Bitcoin Prime Review – Ist Bitcoin Prime Scam oder Legit?
MubaShar Nawaz (Vereinigte Arabische Emirate) MubaShar Nawaz (Vereinigte Arabische Emirate) April 1, 2021 – Last Updated: April 1, 2021 3 Minuten gelesen
FacebookTwitterGoogle+LinkedInTumblrPinterestRedditPocket

Bitcoin Prime EXCHANGE RATING
Kontotypen9.1
Handelsgeschwindigkeit8.7
Kundenservice8.9
Sicherheit9.3
9
SCHLUSSFOLGERUNGLesen Sie unsere Bitcoin Prime-Bewertung und erfahren Sie, warum wir diesen Austausch für den Online-Handel empfehlen und warum es kein Betrug ist, erfahren Sie alles, was Sie in dieser Bitcoin Prime Bewertung wissen müssen, bevor Sie sich bei dem Austausch anmelden.

VERSUCHEN SIE BITCOIN REVOLUTION MIT Bitcoin Prime
Bitcoin Prime Bewertung
Bitcoin Prime LogoBitcoin Prime Austausch stellt sich als die größte und beliebte Krypto Austausch. Ich glaube, wir sollten nicht folgen jeder Austausch Anspruch, bis wir tiefe Kenntnisse über den Austausch, weil, wenn die Nutzer einfach folgen den Ruf von jedem Austausch, ohne etwas darüber zu wissen, dann Benutzer können Schwierigkeiten und Probleme später Gesicht.

Also, ein intelligenter Krypto-Benutzer wird zunächst Informationen über den Austausch und überprüfen Sie den Austausch tief und dann wird für sie gehen. Hier, in meiner Bitcoin Prime Exchange Review, können Benutzer alles bekommen, was sie über den Austausch herausfinden wollen.

Unsere detaillierte Überprüfung der Bitcoin Prime Exchange wird diese Dinge abdecken:

Bitcoin Prime Exchange Übersicht
Unterstützte Währungen
Unterstützte Länder
Bitcoin Prime Dienstleistungen
Zahlungsmöglichkeiten
Gebühren für den Börsenhandel
Vorteile und Nachteile
Kundenbetreuung und Bewertungen
Ist Bitcoin Prime sicher zu benutzen
Fazit
Lassen Sie uns diese Punkte der Bitcoin Prime Überprüfung einer nach dem anderen zu erkunden.

Bitcoin Prime Exchange Überblick
Bitcoin Prime cryptocurrency exchange gilt als der größte Austausch in Bezug auf das Euro-Volumen. Die Kryptowährungsbörse wurde 2011 von Jesse Powell gegründet und ist eine der ältesten und bekanntesten Kryptowährungsbörsen. Die Börse wurde offiziell im Jahr 2013 gestartet.

Der Hauptsitz von Bitcoin Prime Exchange befindet sich in San Francisco. Aber der Austausch hat auch seine Operationen in einigen anderen Ländern als auch, einschließlich Kanada und dem Vereinigten Königreich.

Die Börse wurde als Alternative zu einer anderen berühmten Kryptobörse, Mt. Gox, entwickelt, die zu dieser Zeit als größte Kryptowährungsbörse galt. Die Bitcoin Prime-Börse wurde 2014 zur wichtigsten Krypto-Börse in Bezug auf das Euro-Volumen für BTC.

Es ist eine sichere Handelsplattform, auf der Händler und Investoren ihre digitalen Kryptowährungen verkaufen, kaufen oder handeln können.

Er Bitcoiners A ** Huller?

Vi er blevet kaldt “Toxic Bitcoin Maximalists” som et forsøg på fornærmelse. Vi viger ikke, vi bærer det som et æresmærke. Vi undskylder ikke vores faktiske omstændigheder, vores tillid eller vores meme-krigsførelse. Du kan finde os på Twitter og svare på svage argumenter mod bitcoin (de er alle svage) med „Have det sjovt at forblive fattig“ snarere end at forsøge at overtale den uskyldige modstander eller dovne kritiker. Michael Saylor refererer passende til bitcoiners som „Cyber ​​Hornets“, ikke kun fordi hornets har stingers, men formodentlig fordi hornets tjener et større formål, der opretholder det bredere økosystem.

Sagen er, Bitcoinere har ret. Hvilket nødvendigvis betyder, at enhver anden økonomisk filosofi er forkert. Slutningen. Guld er det ikke. Fiat er dybest set toiletpapir. Altcoins? Lol.

Nej, Bitcoin er løsningen

Vores overbevisning om Bitcoins uundgåelighed er et naturligt fremtrædende fænomen, der findes som en funktion til at dræbe bugs. Dette er ikke et tegn på, at et fravær af vores sjove memes ville svække netværket. Men ligesom hornets, der tjener til at forhindre den skadelige spredning af gennemgribende insektpopulationer, beskytter vores proaktive aggression bogstaveligt talt menneskehedens fremtid ved at bevare vores eneste skud på løftet om befrielse fra tyranni. En passiv eller defensiv kropsholdning gør det simpelthen ikke.

Ved at beskytte netværket i sine tidlige stadier baner vi løbende vejen for bitcoins opstigning og dets uundgåelige dominans som den globale valuta. Denne service til verdenssamfundet er underforstået og meget misforstået. Det er okay! Vores årvågenhed er vores evangelisering. I en verden af ​​subjektiv sandhed er vores overbevisning vores markedsføring. I en kultur oversvømmet med håbløshed giver vores ægte optimisme uventet opmuntring til dem, der sulter efter ægthed.

Den verden, vi bor i, er blevet en afbrydelse af løgne og vold. Meget lidt godt forbliver til stede under solen. Hver institution er blevet ødelagt. Orwells vision er over os, og få ser ud til at være ligeglade. Det er tydeligt, at samfundet nulstilles af magtfulde kræfter, og som vi oplevede i 2020, bliver tingene underlige. Bitcoinere er enige om, at en nulstilling er nødvendig, selvom vi insisterer og vil have forrang ved at lette en nulstilling denomineret i satoshier. En gentilpasning, hvis du vil.

Bitcoin selv er svaret på næsten ethvert makroproblem, som menneskeheden står over for

Denne kendsgerning er i stigende grad åbenbar for enhver person, der gider at se en kvalitets YouTube-video, der varer 10 minutter med et oprigtigt åbent sind. Det vil sige, hvis YouTube ikke allerede har forbudt denne video, idet den er den korrupte institution, som den er blevet.

Vi lever i tider, der er skæmmet af en løbende eksistentiel nødsituation, der kræver fokuseret årvågenhed for at vi kan overvinde. Bitcoinere er blandt de venligste, mest pålidelige og generøse mennesker på jorden. En af vores mest populære memer er en formaning om at forblive ydmyg. Vi har et dybt ønske om at se vores medmennesker og huwoman blomstre. Vi bruger humor til at komme med vores pointer, samtidig med at vi insisterer på alvoren og haster med vores nuværende øjeblik i historien. Vi har ikke brug for taknemmelighed, men vi er opmærksomme på vigtigheden af ​​at være tidlige adoptere og vores evne til at se, hvor tingene er på vej, hvis vi ikke retter kursen med hast.

Da jeg var teenager, spillede jeg mange videospil og var lidt doven. Ok, jeg var hella doven. Jeg vil aldrig glemme den dag, min far konfronterede mig og sagde: „George, du skal stoppe med at spilde dit liv og begynde at tage din fremtid alvorligt, ellers bliver du en taber.“

BitGo launches Wrapped Bitcoin (wBTC) and Ether (wETH) on the Tron blockchain

BitGo announced the launch of Wrapped Bitcoin (wBTC) and Wrapped Ether (wETH) on the Tron blockchain. This is a way for Justin Sun’s project to continue to integrate the DeFi industry.

Wrapped Bitcoin and Ether come to Tron

The Tron Foundation announced the news in a press release issued yesterday. Wrapped Bitcoin (wBTC) and Wrapped Ether (wETH) are being launched as TRC-20, which are the equivalents of the ERC-20 for the Tron blockchain. BitGo customers have already started producing („mint“) wBTC and wETH on the Tron blockchain.

Integrating the DeFi industry

The maneuver is of course used to create a bridge between the DeFi sector of immediate edge scam, which uses a lot of „Wrapped“ tokens, and the Tron blockchain. The wBTCs represent a considerable weight for decentralized finance: it is the first asset of the sector in terms of capitalization, according to DeFiMarketCap data. Today, they weigh 3.6 billion dollars and allow Bitcoin to be used with various DeFi protocols.

Tron’s ambition has been confirmed by Justin Sun, the creator of the project :

«This is the beginning of a new era where the growing TRON community can finally begin to appreciate the unlimited potential of DeFi. »

Sun also pointed out that Tron has its own DeFi services, such as JustLink and JustSwap. BitGo CTO Chen Fang also welcomed this development:

«We are proud to contribute to the growth of the ecosystem with unique and previously unexplored use cases. »

Apple co-founder Steve Wozniack goes shitcoin with green blockchain project

Wozniack, the new crypto-green – That’s it! The rise in the price of bitcoin has reignited the hype around cryptocurrencies. Indeed, even the co-founder of Apple, Steve Wozniack, embarks on the creation of a cryptocurrency: the WOZX.

The revolution by Wozniack

The news broke over the weekend, with the publication of the EFFORCE project white paper .

This initiative was launched by Steve Wozniack , Jacopo Vanetti, Andrea Castiglione, Jacopo Visetti and the company AitherCO2.

Concretely, EFFORCE presents itself as a future platform for exchange on energy savings . It would give companies wishing to improve their energy performance the opportunity to finance these improvements.

Thus, users called “contributors” could ultimately finance projects aimed at minimizing the negative impacts of energy consumption. Subsequently, the savings made are supposed to be redistributed to the contributors in the form of tokens.

“ The platform brings together those who want to improve the energy efficiency of their buildings or industrial processes, with a group of contributors interested in reimbursement in tokens representing the energy savings achieved through efficiency improvement projects. “

In total, it looks like 1 billion WOZX tokens will be created. A fifth of these tokens will be set aside to encourage participants to take part in the funding.

Project of the year… or shitcoin?

Obviously, when we read “energy saving” and “Wozniack” , we have something to be excited about by this project. However, behind the scenes is quite different.

Indeed, this one has everything of a good big old-style bullshit blockchain . First of all, the 54-page white paper (just that) explains many marketing aspects, but remains fairly elusive on the technical aspects .

Then, the project has for the moment been only listed on the HBTC exchange platform and soon on Bithumb , later this week . It therefore seems that Wozniack’s crypto is of little interest to giants, like Binance or Coinbase – even if this interest alone would have been far from meaning that a blank check was given to the project .

Finally, Steve Wozniack met with Justin Sun , CEO of Tron, to discuss the project earlier this year, which in and of itself means nothing concrete. However, we are familiar with Justin Sun’s practices, as well as his discussed personality. He is probably not the best person in the ecosystem to talk to when you claim to launch a “revolutionary” project.

Il famoso storico dice che il Bitcoin è un ottimo posto

Il famoso storico dice che il Bitcoin è un ottimo posto per le persone ricche per conservare la loro ricchezza

Il famoso storico e Milbank Family Senior Fellow presso l’Hoover Institution dell’Università di Stanford, Niall Ferguson, afferma che la Bitcoin sta emergendo come uno dei principali e affidabili depositi di ricchezza.

In un nuovo articolo scritto a Bloomberg, Ferguson indica una miriade di noti investitori che stanno entrando nello spazio, tra cui Paul Tudor Jones, Stanley Druckenmiller e Bill Miller.

Prende inoltre nota delle Bitcoin Era recenti osservazioni dell’economista e critico di lunga data della Bitcoin Nouriel Roubini, che ha recentemente affermato che BTC potrebbe essere un parziale deposito di valore.

Ferguson indica la pandemia in corso come il carburante primario dietro l’ascesa della Bitcoin nel 2020, paragonandola a una spinta nella monetizzazione dell’economia inglese all’indomani della peste nera.

In questa nuova era, dice che la gente sta cominciando a riconoscere la principale moneta cripto-moneta come scarsa, sovrana e quindi „un grande posto per i ricchi per conservare la loro ricchezza“.

„In primo luogo, la pandemia ha accelerato la nostra avanzata verso un mondo più digitale: quello che avrebbe potuto richiedere 10 anni è stato raggiunto in 10 mesi. Le persone che non avevano mai rischiato una transazione online sono state costrette a provarci, per il semplice motivo che le banche sono state chiuse.

In secondo luogo, e di conseguenza, la pandemia ha aumentato significativamente la nostra esposizione alla sorveglianza finanziaria e alle frodi finanziarie. Entrambe queste tendenze sono state positive per la Bitcoin“.

BTC come segno di ciò che verrà

Ferguson sottolinea anche i recenti investimenti in Bitcoin da parte dei giganti della tecnologia Square e MicroStrategy e il fatto che ora PayPal permette ai suoi milioni di clienti americani di acquistare BTC come segno di ciò che verrà. Dice che Bitcoin sta offrendo agli investitori una rara forma di scarsità verificabile in un ambiente economico di stampa di denaro apparentemente senza fine – due fattori che, a suo avviso, superano le preoccupazioni sull’uso di energia da parte di Bitcoin e sulla velocità relativamente lenta delle transazioni.

„Bitcoin offre una scarsità intrinseca in un mondo virtuale caratterizzato da un’abbondanza senza limiti… Gli utenti Bitcoin possono pagare senza passare attraverso intermediari come le banche. Possono effettuare transazioni senza bisogno che i governi facciano rispettare i regolamenti. I vantaggi della scarsità sono evidenti in un momento in cui l’offerta di denaro fiat sta esplodendo“.

Il CEO di Visa guarda avanti al mondo di Crypto

Il CEO di Visa è ottimista sul fatto che più valute digitali saranno in esecuzione sulla rete Visa in futuro.

Alfred Kelly, CEO di Visa, ha affermato di vedere un grande potenziale nelle criptovalute

Le risorse digitali saranno molto utili nei paesi con un alto numero di persone senza banca, ha aggiunto

Tuttavia, potrebbero essere necessari diversi anni prima che Visa abbracci pienamente la tecnologia nascente.

Alfred Kelly, CEO del gigante dei pagamenti Bitcoin Storm, ha affermato che la sua azienda vede un grande potenziale nelle valute digitali negli anni a venire, in particolare nei mercati in via di sviluppo con un numero significativo di persone senza banca, secondo il rapporto della CNBC pubblicato venerdì.

„Crypto è una parte in via di sviluppo dei pagamenti nel mondo“, ha detto Kelly, aggiungendo: „In definitiva, potremmo vedere le valute digitali in esecuzione sulla rete Visa su base più regolare“, anche se „dopo diversi anni“.

Sii il primo a provare il nostro gettone premio

Guadagna gettoni passivamente mentre leggi. Spendi i tuoi gettoni nel nostro negozio di ricompense.
La tua email

Iscriviti adesso

La società ha recentemente acquisito Plaid, una società che aiuta 11.000 istituti finanziari negli Stati Uniti e 2.700 sviluppatori fintech a scambiare dati.

„Siamo una rete e cerchiamo sempre di più di diventare una rete di reti“, ha osservato Kelly, spiegando: „Plaid è solo al suo livello più semplice un’altra rete che riteniamo si adatti al desiderio di avere più reti su cui spostiamo soldi in tutto il mondo. „

Il CEO di Visa ha aggiunto che uno dei maggiori vantaggi delle criptovalute risiede negli 1,7 miliardi di persone non registrate in tutto il mondo che non hanno accesso ai conti tradizionali.

„Ci sono 1,7 miliardi di persone sulla faccia della Terra che pensiamo non siano archiviate in un sistema bancario tradizionale in qualunque paese in cui vivono, comprese alcune qui negli Stati Uniti“, ha osservato Kelly, aggiungendo: „Siamo certamente aperti a qualsiasi veicolo che aiuta a facilitare la circolazione del denaro in tutto il mondo. Vogliamo essere al centro di tutto „.

Hvordan institusjoner ser bort fra gull og mer i BTC

  • I følge en nylig publisert forskning bemerket av det institusjonelle konglomeratet JP Morgan Chase, foretrekker institusjonelle investorer nå verden av kryptovaluta fremfor edelt metall av gull.
  • Spesielt fremhevet analytikerne at i løpet av oktober, en av de største digitale kapitalforvalterne i verden, så Grayscale en kumulativ tilstrømning av sin bitcoin-tillit.

I følge en nylig publisert forskning bemerket av det institusjonelle konglomeratet JP Morgan Chase, foretrekker institusjonelle investorer nå verden av kryptovaluta fremfor edelt metall av gull.

Spesielt fremhevet analytikerne at i løpet av oktober, en av de største digitale kapitalforvalterne i verden, så Grayscale en kumulativ tilstrømning av sin bitcoin-tillit. På den andre siden av saken hadde børsnoterte fond „beskjeden innstrømning“ siden midten av forrige måned.

Rapporten bemerker:

„Det som gjør oktoberstrømningsbanen for Grayscale Bitcoin Trust enda mer imponerende, er dens kontraster med den tilsvarende strømningsbanen for gull-ETF-er som generelt sett hadde beskjedne utstrømninger siden midten av oktober.“

I hovedsak indikerer denne rapporten at mange institusjonelle investorer som en gang foretrakk gull, nå skifter mot bitcoin som et foretrukket alternativ.

På grunn av den høye etterspørselen fra både institusjonelle og private investorer i bitcoin, har det resultert i en økt etterspørsel etter bitcoin-tilliten fra Grayscale.

Interessant ble det fremhevet i rapporten at denne trenden kan ha potensial for en positiv innvirkning på lang sikt når det gjelder bitcoin som en butikk med verdi. Hvis kongemynten er i stand til å fortsette å konkurrere så godt mot alternativet for edle metaller, kan den ytterligere etablere anerkjennelse som en legitim finansiell eiendel i markedene.

Bitcoin theft: nine years in prison for ex-Microsoft employees

This action is dearly for a former Microsoft employee: he received nine years in prison for multiple Bitcoin thefts with hacked accounts from colleagues.

The anonymity of the Internet attracts many black sheep, and it is no different in the area of ​​digital currencies

Stupid for the criminals only when the supposed anonymity turns out to be not as secure as initially thought . This is the experience now made by someone who you should actually think should know better. In fact, the investigators actually went online with a former Microsoft employee. He had stolen Crypto Trader worth more than 10 million US dollars, as the US authorities in a message declared.

He used his knowledge as a software engineer to hack accounts and passwords and use them to steal digital gift cards. He sells these online and used the proceeds to treat himself to extravagant vehicles and houses by the sea. Now he sees bars instead of surging waves, as he will have to spend the next nine years under lock and key.

The perpetrator’s personal details are known. The 26-year-old Ukrainian citizen Volodymyr Kvashuk initially worked as a contractor at Microsoft. He was employed by Microsoft from August 2016 until his release in June 2018. In February 2020, he was convicted by a jury of multiple transfer fraud, money laundering, serious identity theft, filing false tax returns and, in one case each, of postal fraud, fraud with access devices and access to a protected computer to promote fraud.

Defendant used accounts from Microsoft colleagues

Kvashuk was trying out Microsoft’s online retail platforminvolved. He used this test access to steal Currency Stored Value (CSV) such as digital vouchers. The Ukrainian resold the CSVs on the Internet. Initially, he only stole small amounts through his own account. But then he also used test e-mail accounts that were connected to other employees. He used a mixing service for Bitcoin to hide the source of the funds that eventually ended up in his bank account. In total, about $ 2.8 million was transferred to its accounts as bitcoin in the seven months of Kvashuk’s illegal activities.

He was also guilty of tax evasion by providing false information. The punishment was so high because the culprit wanted to draw suspicion on others by hacking his colleagues‘ accounts.

High on Election Day? 4 reasons why Bitcoin went up 2% in 30 minutes

The price of Bitcoin rose 2% in 30 minutes as the election caused great volatility in the US stock market.

High on Election Day? 4 reasons why Bitcoin rose 2% in 30 minutesMARKETER ANALYSIS

The price of Bitcoin (BTC) rose 2% in just 30 minutes as the US stock market rang its opening bell on November 3. During the Bitcoin Pro scam pre-market period, the Dow Jones rose by more than 350 points on the day the US elections triggered massive volatility.

Mega international investigation into Bitcoin pyramids arrives in Brazil and exchanges receive subpoenas
The four reasons that probably led to an upward trend in Bitcoin in such a short period are the election, the increase in stocks, negative financing and the increase in exchanges outflows.

The election is positive for Bitcoin for two reasons. First, a Biden or Trump victory would benefit BTC in the short term, according to industry figures.

Crypto derivatives volume more than triples spot trades
Tyler Winklevoss, CEO of the Bitcoin Gemini exchange, said:

„Both political parties are addicted to the Fed money printer, so no matter who wins the election, the only real long-term winner will be #Bitcoin.
Tom Lee of Fundstrat Global Advisors said the shares could go up 10 percent with a Biden victory. In that case, the risky assets would likely recover, benefiting Bitcoin. But if Trump wins, Lee said the shares could rise even higher by 15 to 17 percent.

Meanwhile, Goldman Sachs issued a note earlier this month suggesting that „a blue wave would likely lead us to update our forecasts. Although experts are divided on the potential impact of the election on the stock market, it appears that both scenarios would be beneficial to the BTC later this year.

US stock market recovery coincides with BTC recovery
As Dow Jones saw a 350-point pre-market increase, BTC’s price rose from about $13,500 to $13,730 in 30 minutes.

Although Bitcoin has shown a declining correlation with US stocks in recent weeks, during an upward trend, BTC and stocks should rise together. Although Bitcoin is seen as a store of value, both BTC and stocks are still risky assets.

A rising stock market may mean that the markets are ambivalent about the eventual winner of the election.

Sellers caught off guard
When the Bitcoin abrupt increase occurred, the BTC Futures funding rate at Binance Futures was below 0%.

The crypto-currency futures exchanges implement a mechanism called „financing“, which encourages the minority in the market. If the number of sellers is greater than that of long-term buyers or holders, sellers will have to pay fees to buyers every eight hours.

But when the price of Bitcoin rises and there is also an additional incentive to buy BTC, a small squeeze may occur. Considering that BTC has increased by 2% in less than an hour, the dominant cryptomeda has seen a big squeeze in sales.

Exits from exchanges are increasing
According to data from CryptoQuant, an on-chain market analysis firm, exchanges outflows registered the highest peak this year, around 30,000 BTC.

Bitcoin exchanges outlets. Source: CryptoQuant
Traders deposit Bitcoin in exchanges when they want to sell their assets. Therefore, when capital flows out of exchanges, it means that traders, whales and retail investors intend to hold their BTC assets for an extended period.

The combination of price squeeze factors, electoral uncertainty, an uptrend in the stock market and rising foreign exchange outflows have contributed to the sudden rise in BTC prices.