Global #Bitcoin

In a surprising announcement, Charles Hoskinson, the visionary founder of Cardano, revealed a strategic shift for the blockchain platform. Cardano will now pivot to become a Layer 2 solution for Bitcoin.

Bitcoin has experienced a significant rally, climbing over 5% to reach $71,500 and approaching its all-time high of $73,700. This surge comes as the U.S. presidential election draws near, creating a charged atmosphere in the financial markets.

As the U.S. election approaches on November 5, Bitcoin traders are preparing for heightened volatility, with estimates suggesting price swings could reach as high as 20%.

As Bitcoin continues to gain traction in the financial world, Bitcoin ETFs have emerged as a popular vehicle for traditional investors seeking exposure to the cryptocurrency.

At the recent Plan ₿ Forum, Tether CEO Paolo Ardoino disclosed that the company holds $9.45 billion in Bitcoin and gold as part of its reserve structure.

Bitcoin (BTC) is currently priced at $67,891, down just over 2% this week. A positive takeaway for investors is that buyers have maintained the price above $65,000, leading to a recovery that pushed Bitcoin above $67,500 on October 27.