What Happens to Bitcoin Price if Spot ETF Isn’t Approved?
Bitcoin's recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.
4641.54 BTC flowed into exchange wallets in the past 24 hours
Data shows that within the past 24 hours, 4641.54 BTC have flowed into exchange wallets, within the past 7 days, 8325.89 BTC have flowed into exchange wallets, and within the past 30 days, 3948.46 BTC have flowed into exchange wallets. As of the time of writing, the total balance of exchange wallets is 1,834,994.95 BTC.
CoW Swap team proposes increased fees during six-month test
The core development team of CoW Swap has released a proposal draft that will add six months of fees to test which model is best suited for long-term adoption.
The number of unconfirmed transactions on the entire Bitcoin network is 161,098
According to BTC.com data, the current number of unconfirmed transactions on the Bitcoin network is 161,098. The network hash rate is 460.72 EH/s, and the 24-hour transaction rate is 7.35 transactions per second. The current network difficulty is 62.46 T, and the next difficulty adjustment is predicted to increase by 1.91% to 63.66 T, which is 7 days and 22 hours away.
BTC breaks through $35,000
Market shows BTC has surpassed $35,000 and is currently trading at $35,019.9. The intraday increase has reached 1.34%, and the market is experiencing significant fluctuations. Please be prepared for risk management.
This morning, an unknown wallet transferred 10,000 BTC to Binance, worth over US$340 million.
According to Whale Alert, a chain data tracking service, an unknown wallet starting with "36zSLd" transferred 10,000 BTC worth approximately $345,041,344 to Binance Exchange at around 4:15 am on November 4th.
A BTC whale trader’s address transferred 7,000 BTC to Bitfinex on Thursday
According to BitInfoCharts data, a BTC whale trader transferred 7,000 BTC worth about $244 million to Bitfinex on Thursday evening. It is worth noting that the address had accumulated 46,500 BTC between November 2022 and January 2023 (becoming the world's 14th largest BTC holding address), with an average price per coin of less than $20,000. In late March and early April of this year, a total of 36,500 BTC was transferred to Bitfinex when the price was roughly near the year's high of around $30,000. Since then, the address has added another 2,000 BTC when Bitcoin fell to $26,000 in May. (CoinDesk)
Bitcoin supporter Javier Milei leads Argentina’s presidential election
According to Bloomberg, in the upcoming presidential election, Argentine liberal and bitcoin supporter Javier Milei is leading in the polls over Economic Minister Sergio Massa.
Bitcoin has settled more than 40 million transactions in a single quarter for the first time since its launch in Q3 2023
According to Unfolded data, since its launch in the third quarter of 2023, Bitcoin's settlement transaction volume has exceeded 40 million for the first time in a single quarter.
