crtypto & forex news

Bitcoin crossed its most telling election-day threshold before a single vote was counted. On the morning of November 3, BTC traded near $76,990, roughly $3,821 above its 200-day moving average. On each of the previous three U.S. midterm election days, Bitcoin was still trading below that line. That gives investors a more meaningful number to watch this week than $77,000. At roughly $73,169 , Bitcoin’s 200-day average marks the level around which its longer-term trend has turned in buyers’ favor. The midterm results and Friday’s U.S. jobs report are about to test how much of that lead BTC can keep. What Changed Between the 2022 and 2026 Midterms? One number puts this week’s Bitcoin news in perspective. At the 2022 midterms, BTC traded roughly 22% below its 200-day average. On Tuesday morning, it stood 5.2% above it. That’s a 27.2-percentage-point swing in Bitcoin’s position relative to its own trend. Even 2018, the strongest of the three previous midterm readings, came in 9% below...

The Mercado Bitcoin hack has taken another turn after blockchain investigators identified approximately $8 million in Ethereum moving into new cryptocurrency wallets. The transactions follow the November 2 security breach at Brazil’s major cryptocurrency exchange, where attackers reportedly transferred between $46 million and $49 million in digital assets. While investigators have already helped freeze nearly $10 million in stolen cryptocurrency, a significant portion remains outside their control. We believe the latest Ethereum transfers highlight one of the biggest challenges facing the industry: recovering stolen funds before attackers move them through increasingly complicated blockchain transactions. TL;DR Wallets linked to the Mercado Bitcoin hack transferred approximately $8 million in Ethereum following the exchange’s security breach. Blockchain investigators helped freeze nearly $10 million in stolen assets, including more than $9 million in USDT. Researcher...

Strive has expanded its Bitcoin treasury once again, purchasing another 124 BTC for approximately $10 million as the company continues building one of the largest corporate cryptocurrency portfolios. The latest acquisition brings Strive’s total holdings to 43,124 BTC, placing the company within reach of several major publicly traded Bitcoin investors. While the purchase is relatively small compared with Strive’s recent acquisitions, we believe the company’s financing strategy and growing Bitcoin reserves deserve closer attention. TL;DR Strive purchased 124 BTC for approximately $10 million, increasing its total Bitcoin holdings to 43,124 BTC. The company used existing cash and its SATS preferred stock program to finance the acquisition. Strive remains the fourth-largest publicly traded corporate Bitcoin holder, with ambitions to climb higher before the end of 2026. Strive Bitcoin Holdings Continue to Grow According to the company’s latest filing with th...

Bitcoin price dropped below $77,000 on Tuesday, November 3, as investors reacted to another wave of selling across technology stocks and growing uncertainty ahead of the US midterm elections. The world’s largest cryptocurrency lost approximately 2% during Asian trading hours, reversing its brief recovery from Monday. The decline comes as global financial markets struggle with weaker investor confidence and concerns about the technology sector. I believe the latest Bitcoin price movement highlights an important development: cryptocurrency investors are increasingly reacting to events outside the digital asset industry, particularly changes in traditional financial markets. TL;DR Bitcoin price fell below $77,000, losing approximately 2% as technology stocks continued their decline. A sharp sell-off in semiconductor companies and uncertainty surrounding the US midterm elections weakened investor confidence. Bitcoin’s next move could depend on election results, institutio...

TL;DR Brazil-based Mercado Bitcoin suspended deposits and withdrawals after suspicious transfers affected wallets across at least 10 blockchain networks. Security researchers estimate that more than $40 million in crypto assets moved to new addresses. The exchange says it contained the incident, with no customer harm or data breach reported. Tether froze $4.5 million in USDT linked to the incident, while the attacker’s identity and access method remain unknown. Mercado Bitcoin Halts Transactions Following Security Incident Brazilian cryptocurrency exchange Mercado Bitcoin has suspended deposits and withdrawals after unusual activity drained wallets associated with the platform across multiple blockchain networks. Security researchers estimate that more than $40 million in digital assets moved during the incident. The activity was reported across networks including Ethereum , Solana, Tron, Polygon, Arbitrum, Avalanche, BNB Chain and Stellar. According to information shar...

Ripple CEO Brad Garlinghouse believes XRP could become a leading technology for institutional cryptocurrency payments within the next five years. Speaking during Ripple Swell 2026 in New York, Garlinghouse outlined a future in which banks and financial institutions increasingly use blockchain networks to transfer money and manage assets. His comments arrive as Ripple expands beyond cross-border payments into custody, corporate treasury management, and institutional trading. While the company is developing several financial products, Garlinghouse emphasized that XRP remains central to its long-term plans. We believe the more important question is how Ripple intends to turn that vision into everyday financial activity. TL;DR Ripple CEO Brad Garlinghouse expects XRP to become a leading institutional payment asset within five years. Ripple plans to use XRP, its RLUSD stablecoin, and traditional currencies depending on customer needs. The company wants more institutional transactio...

Bitcoin US elections are drawing investor attention this week as the cryptocurrency market prepares for major political developments and important employment figures. The November 3 midterm elections and November 6 employment report could influence financial markets, while additional economic releases and Federal Reserve commentary may add to the uncertainty. Bitcoin recently struggled to maintain the $80,000 level, with investor confidence weakened by cryptocurrency security concerns and withdrawals from exchange-traded funds. As we enter the first week of November, we’ll be watching whether political developments and economic data can help stabilize the market or create additional selling pressure. TL;DR US midterm elections on November 3 could influence expectations for cryptocurrency regulation and the future direction of Congress. The October employment report arrives November 6, potentially changing expectations for Federal Reserve interest rates. Bitcoin enters the ...