Bitcoin Ready to Reach the Moon as Trump and Harris Battle Nears
Hola Friends 👋
It’s a new week, and as you’d expect, your favorite weekly news round-up is here…. From Coinigy
So the market has been cooking coins in Bits lately, and the Trump-Harris election is bringing some extra spice to the mix. A good time to HODL till the meal is ready, but what do I know? Not everybody gets served 💁
Elsewhere, your favorite meme coin champion has been spicing up another dish and Doge is feeling the heat, but no one mentioned before that Elon cooks really well at Trump rallies. Well, our favorite meme coin shot up and it's all thanks to the memecoin OG.
Here are the Highlights:
- Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election Nears
- Dogecoin Jumps 7% After Musk Mentions It at Trump’s Pennsylvania Rally
- Shiba Inu (SHIB) Holders Pull $288 Million from Exchanges Following 30% Price Increase
- US attorneys general ask Biden to declare Binance exec a hostage of Nigeria
Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election Nears
Bitcoin (BTC) neared $70,000 earlier Monday as bullish sentiment from the forthcoming U.S. elections gains more momentum among crypto traders. BTC rose 1.5% in the past 24 hours, CoinDesk data shows, steadily rising through Sunday. The notional open interest on USD-denominated bitcoin futures across all tracked major exchanges crossed $40.63 billion over the weekend, setting a lifetime first. In token terms, open interest was 592,000 BTC, the highest since December 2022 when the cryptocurrency traded below $20,000 amid a peak bearish sentiment
Dogecoin Jumps 7% After Musk Mentions It at Trump’s Pennsylvania Rally
Dogecoin saw a significant 7% increase after Elon Musk, a well-known advocate of the memecoin, made remarks about Dogecoin during Donald Trump’s campaign rally in Pennsylvania. Musk’s endorsement once again stirred excitement in the Dogecoin community, leading to a surge in its market price. His influence on the cryptocurrency space, particularly meme coins, continues to drive market sentiment and create waves of volatility.
Shiba Inu (SHIB) Holders Pull $288 Million from Exchanges Following 30% Price Increase
On-chain data shows that Shiba Inu holders have withdrawn 16 trillion tokens, valued at $288 million from exchanges in seven days. Following its 30% price increase, long-term holders have started to make more unrealized profits, which is typically a bullish signal. SHIB's price looks prepared to climb above the $0.000020 resistance; if achieved, this meme coin's value could rally to $0.000024. Currently, SHIB’s price is $0.000019, thanks to a 30% increase within the mentioned period.
US attorneys general ask Biden to declare Binance exec a hostage of Nigeria
A total of 18 state attorneys general, including New York Attorney General Leticia James, urged President Joe Biden to declare Binance compliance officer Tigran Gambaryan a hostage of the Nigerian government in a letter on Friday. Gambaryan, a U.S. citizen, is also a former law enforcement officer, having served as a Special Agent with the Internal Revenue Service (IRS).
Other Highlights Worth Mentioning
FBI arrests hacker behind SEC fake Bitcoin ETF approval - Cointelegraph
Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal - CoinMarketCap
Crypto trader profits $9M in 3 days, hits 3,000x return on investment - TradingView
Craig Wright files lawsuit against Bitcoin core devs seeking over $1B in damages - CryptoSlate