Bitcoin Surges to $76K Following Trump Victory: PlanB Predicts $500K Target Key Takeaways Bitcoin reached $76,000 following Donald Trump’s election victory on Nov. 5. PlanB’s stock-to-flow model projects a $500,000 BTC price target within the next four years. Trump’s proposal for a national BTC reserve may fuel demand and drive prices higher. Institutional interest is growing with companies like MicroStrategy planning major BTC acquisitions. “Spoofing” concerns raise questions over market manipulation in crypto trading. Stay informed with real-time crypto news on Gnosis News — only $1 a week! Subscribe Now By Gnosis News | November 9, 2024 Introduction In the wake of Donald Trump's election victory, Bitcoin prices surged past $76,000. Market analyst PlanB has projected even higher gains, forecasting a potential $500,000 price within four years, supported by the stock-to-flow model, a valuation approach based on Bitcoin’s finite supply and regula...

Bitcoin’s Price Outlook: Election Impacts with Trump or Harris in 2024 Key Takeaways Trump’s Impact Analysts predict Bitcoin could rise to $80,000-$90,000 if Trump wins, due to his pro-crypto stance. Harris’s Impact Under Harris, Bitcoin might test $50,000, as her administration is expected to uphold stricter crypto regulations. Long-Term Forecast Bernstein analysts maintain a $200,000 target by 2025, regardless of election outcome, due to crypto’s growing adoption. Bitcoin prices are expected to be highly responsive to the U.S. presidential election outcome. According to Bernstein analysts, a victory for former President Donald Trump could push Bitcoin to unprecedented highs, while a win for Vice President Kamala Harris might see the cryptocurrency dip significantly. ...

Dow Jones Today: Stocks Rebound Ahead of Presidential Election Key Takeaways Market Movement Dow Jones up 0.6%, S&P 500 up 0.8%, Nasdaq up 1% as investors monitor election and Fed decision. Notable Gainers Palantir up 22%, Nvidia up 2%, Astera Labs up 30% following strong quarterly results. Interest Rates 10-year Treasury yield at 4.36%, reflecting Fed’s anticipated quarter-point rate cut on Thursday. Commodity Movements Crude oil up 1% following OPEC+ decision to extend output cuts; gold steady at $2,750/oz. U.S. stocks rebounded on Tuesday morning, recovering from recent losses as investors awaited the outcome of the U.S. presidential election and an anticipated interest rate decision from the Federal Reserve. The Dow Jones In...

Hurricane Milton Lashes Florida: Latest Updates and Evacuation Warnings Hurricane Milton Lashes Florida: Latest Updates and Evacuation Warnings Key Takeaways Hurricane Milton , currently a Category 3 storm, is expected to impact Florida with severe winds, rain, and tornadoes. Mandatory evacuations are in effect for over 7.2 million people in 15 counties, including the Tampa Bay area. The storm could bring a surge up to 12-13 feet along the Florida coast, with significant flooding expected. Residents are urged to either evacuate immediately or prepare to hunker down, as emergency response may be unavailable during the storm. ...

Netanyahu Asks for Forgiveness Over Hostage Deaths as Protests Continue Key Takeaways Aspect Details Netanyahu's Apology Israeli Prime Minister Benjamin Netanyahu asked for forgiveness for failing to return six hostages found dead in Gaza. Ongoing Protests Protests in Israel continue against Netanyahu's handling of the hostage negotiations, with intense demonstrations outside his home. International Pressure The UK suspended some arms sales to Israel, citing potential violations of international law. Hamas Threats Hamas warned that more hostages could be killed if a ceasefire isn't reached. Unlock exclusive insights for just $1 a week! Visit Gnosis News to subscribe and stay ahead of global develop...

Kamala Harris's Indian Heritage and Political Influence Key Takeaways Aspect Details Indian Heritage Kamala Harris, with Indian and Jamaican roots, highlights her Indian heritage selectively. Cultural Influence Her Indian background resonates with Indian Americans, symbolizing success. Political Impact While Harris's heritage is not heavily focused in Indian media, it significantly influences Indian American voters. Diplomatic Relations Harris's potential presidency could strengthen U.S.-India relations amid China's rise. Kamala Harris's candidacy for the U.S. presidency has brought her Indian heritage into the spotlight. This unique background, while subtly acknowledged, resonates deeply with Indi...

Internet Outage Caused by CrowdStrike Update Defect Key Takeaways Aspect Details Cause of Outage A defect in an update for Windows systems using CrowdStrike cybersecurity software. CEO's Statement CrowdStrike CEO George Kurtz clarified it was not a security issue or cyberattack; a fix has been deployed. Impacted Systems Only Windows systems; Mac and Linux systems were not affected. Affected Sectors Banks, hospitals, airlines, pharmacies, grocery stores, and more globally. A recent internet outage affecting numerous organizations globally has been traced back to a defect in an update for Windows systems using CrowdStrike cybersecurity software. CrowdStrike's CEO, George Kurtz, has provided detailed insights int...

$5 Million Reward for Information on Ruja Ignatova Key Takeaways Topic Details Reward Announcement U.S. State Department offers $5 million for information leading to Ruja Ignatova's arrest or conviction. Criminal Charges Ignatova faces charges including wire fraud, money laundering, and securities fraud. International Search Ignatova disappeared in 2017 after traveling from Bulgaria to Greece. FBI Involvement Ignatova is on the FBI’s Ten Most Wanted Fugitives list, with an additional $100,000 reward offered by the FBI. Impact of OneCoin Fraud OneCoin scheme defrauded investors of over $4 billion globally. The U.S. State Department has announced a reward of $5 million for...

Key Takeaways Topic Details Current Poll Results Trump leads Biden by 2.1% in national polls. Potential Candidates Kamala Harris and Hillary Clinton are considered as Biden's replacements. Trump's Critique Trump criticizes Fox News for showing "fake" polls. Poll Data Data from Bendixen & Amandi shows Trump leading against Biden but trailing slightly against Harris and Clinton. Former President Donald Trump expressed his frustration with Fox News on Tuesday, accusing the network of broadcasting "fake" polls regarding his reelection chances. In a post on Truth Social, Trump mentioned that Fox News preferred to show confidential Democrat polls rather than those from reputable polling groups lik...

Mt. Gox Repayments and Profit-Taking: Impact on Bitcoin Key Takeaways Aspect Details Mt. Gox Repayments Repayment of 140,000 BTC worth approximately $9 billion starting July 2024. Profit-Taking Indicators Rising Adjusted Spent Output Profit Ratio (aSOPR) and Net Unrealized Profit and Loss (NUPL). Technical Analysis Bull pennant breakdown on Bitcoin's 4-hour chart signaling a potential drop to $56,000. Bitcoin’s bullish momentum as we approach July is displaying signs of pause as it may face significant headwinds - notably Mt. Gox repayments that could lead to a "bull pennant" breakdown on its price charts. This article dissects these potential threats and outlines how they might impact BTC's market behavior. Key Event: Mt. Gox Unlocking ...

MiCA Regulation: Transforming Europe's Crypto Market Key Takeaways Aspect Details Implementation Timeline Phased enforcement from June 2024 to December 2024, with complete adoption by June 2026. Transitional Periods Varying durations across EU countries; e.g., Ireland (12 months), France (18 months), Lithuania (5 months). Market Impact Increased regulatory oversight, market consolidation, and enhanced investor protection. Challenges Compliance with complex regulatory frameworks, delisting of non-compliant crypto-assets. There has been a notable shift in the cryptocurrency landscape in Europe, owing to the introduction of the Markets in Crypto-Assets Regulation (MiCA). The MiCA regulation, a key step in the Europea...

Bitcoin's $9.25 Billion Options Expiry: Market Impact and Predictions Key Takeaways Topic Details Bitcoin Options Expiry $9.25 billion worth of BTC options expiring on June 28, 2024. Impact of NVidia's Decline NVidia's 12% dip increases market uncertainty. Economic Context Weak macroeconomic data may prompt aggressive rate cuts and monetary stimulus. Price Scenarios Four potential price scenarios impacting call and put options. As the excitement tied to the Bitcoin halving event fades, a more substantial focus this month shifts to the tremendous Bitcoin options expiry, estimated to be $9.25 billion in value. Insight into this significant financial event can potentially offer an informed perspective on the ...