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...

FBI’s NexFundAI Token Uncovers Crypto Market Manipulation | Gnosis News Key Takeaways The FBI created an Ethereum-based token, NexFundAI, to investigate crypto market manipulation. The investigation led to charges against three market makers and nine individuals. The defendants allegedly executed fraudulent schemes, including wash trades, to boost token prices. The Department of Justice secured $25 million in fraudulent proceeds to return to investors. Trading on NexFundAI was disabled once the investigation concluded. ...

Israel Bombs Lebanon, Gaza Ahead of One-Year Anniversary of Oct. 7 Attacks Israel Bombs Lebanon, Gaza Ahead of One-Year Anniversary of Oct. 7 Attacks Key Takeaways Aspect Details Location Heavy bombardments in southern Beirut, Lebanon, and Haifa, Israel Conflict Cross-border strikes between Hezbollah and Israel, marking the anniversary of the Oct. 7 Hamas attack International Response The U.S. warns of potential miscalculation, while French President Macron calls for halting arms shipments to Israel Casualties Heavy civilian and militant casualties reported in Lebanon and Gaza Israeli Military Objective Israeli Defense Minister Yoav Gallant insists on controlling Gaza's Philadelphi ...

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...

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 ...