## Bitcoin's Current Price Status
As of **November 1, 2024**, Bitcoin is just **$175 shy** of its all-time highs, indicating a significant moment for investors and enthusiasts alike.

## A Month of Unusual Fundraising
This past month has seen **unusual fundraising activities** in the cryptocurrency space, hinting at shifting strategies among investors and projects. Understanding these trends can provide insights into the future movements of Bitcoin and the overall market.

### Key Highlights
- Bitcoin's price is nearing its **historic peak**, captivating the attention of both new and seasoned investors.
- The recent fundraising activities suggest a change in the **investment landscape**, with potential implications for future price movements.

Stay tuned for more updates as the situation develops, and keep an eye on how these factors might influence Bitcoin's trajectory.

Bitcoin Nears All-Time High: Unusual Fundraising Trends Explored

Silicon Valley poured more than **$394.1 million** into the US presidential election this year, according to a Guardian analysis, with **Elon Musk** contributing a staggering **$243 million** to **Donald Trump**’s campaign. This analysis highlights the **growing influence of the tech industry** in US elections, particularly as advocates of **cryptocurrency** mobilize to prevent regulation.

### Major Donors from the Tech World
The donations came from major tech players like **Google**, **WhatsApp**, **LinkedIn**, and **Netflix**. Here are some notable contributions:
- **$242.6 million** from **Elon Musk** (Tesla, SpaceX, X)
- **$5.5 million** from **Marc Andreessen** (Andreessen Horowitz)
- **$5.1 million** from **Jan Koum** (WhatsApp founder)

In contrast, **Kamala Harris** received a total of **$120.9 million**, with significant donations including:
- **$51.1 million** from **Dustin Moskovitz** (Facebook co-founder)
- **$17 million** from **Reid Hoffman** (LinkedIn co-founder)
- **$11.7 million** from **Chris Larsen** (Ripple chair)

### The Mechanics of Political Donations
The FEC filings provide a glimpse of the millions tech is pouring into Washington. The **Citizens United v FEC** ruling made it easier for wealthy individuals and corporations to contribute to campaigns, leading to the rise of **Super PACs** that can spend unlimited amounts on political advertising.

### Ideological Shifts in Silicon Valley
The trend of tech billionaires supporting Trump, despite years of criticism, reflects a significant **ideological shift** within Silicon Valley. Industries like **crypto** and **AI** are increasingly engaging in politics to stave off regulation. Notably, Trump's recent nomination of **Paul Atkins**, a crypto-friendly CEO, as head of the **Securities and Exchange Commission** indicates a warming relationship with the industry.

### Cryptocurrency's Political Impact
The **crypto lobby** is rapidly becoming a significant political force, outspending traditional industries. Their influence was evident in congressional elections, where they spent **$40 million** against incumbent Democrats. Even Trump, who once called crypto a **“scam,”** has embraced the industry, launching his own cryptocurrency and accepting donations in **Bitcoin**.

### Conclusion: The Future of Tech and Politics
With tech giants and billionaires playing both sides, the political landscape is evolving. The analysis also hints at the **dark money** influencing elections, as seen with donations from figures like **Bill Gates**, who contributed **$50 million** through non-profit channels, obscuring the transparency of political donations.

For a deeper dive into the **methodology** behind these findings, see the detailed explanation provided in the article.

FEC filings offer only a glimpse of the money tech is pouring into Washington as it seeks to influence government

The $394 Million Tech Influence: How Silicon Valley's Billionaires are Shaping US Politics

After **surpassing the $100,000 milestone**, Bitcoin (BTC) experienced its **largest retrace** in the past month before bouncing back. Analysts are closely monitoring key levels that could dictate the next phase of BTC’s rally.

### Bitcoin Rally To Continue Above $100,000
On Thursday, Bitcoin hit its latest **all-time high (ATH)** of **$103,600**, marking an **8% daily increase**. The largest cryptocurrency by market capitalization broke out of a one-month **bullish pennant**, crossing the $100,000 barrier for the first time in history.

Following this impressive surge, BTC retraced to the **$98,000 mark** and briefly dipped to the **$90,000 support zone**, representing a **13% correction**. This marked the largest drop since the post-election rally began a month ago, resulting in around **$1 billion in liquidations**.

However, Bitcoin quickly regained the **$97,000-$98,000 price range**, followed by a retest of the previous ATH around **$99,000** on Friday morning. Renowned crypto analyst **Ali Martinez** indicated that BTC’s rally seems dependent on a critical support level.

Martinez identified the most significant support zone for Bitcoin at **$96,870**, where over **1.45 million addresses** bought **1.42 million BTC**. He stated, “As long as this demand zone holds, there is a good probability that BTC will continue marching higher.”

Additionally, he highlighted that the local Bitcoin top is not yet established, usually occurring around the **Short-Term Holder Cost Basis +1 standard deviation**, which stood at **$112,926** at the time of reporting. This suggests BTC could potentially rise another **13%** before facing its first major retrace.

### Will BTC Repeat Its 2017 Move?
Crypto analyst **Jelle** noted that Bitcoin is closely mirroring the **Q4 2023 fractal**, despite the recent dip. He believes that now that the flagship crypto has “taken out the liquidity on both sides,” it is poised to push back towards the **$100,000 milestone**.

Jelle predicts that BTC will range until **Christmas**, expecting a “true breakout” to occur if it continues following last year’s trajectory. He also mentioned that the recent **$100,000 candle** resembles BTC’s performance when it first surpassed the **$10,000 mark**.

In November 2017, Bitcoin rallied to **$10,000** for the first time, reaching the **$11,000 range** before dropping to **$8,500**. The following day, it recovered and retested the **$10,000 barrier**, turning it into support on the third day. Subsequently, Bitcoin surged around **90%** over the next few weeks, hitting the **$19,000** ATH of 2017.

Based on this historical context, Jelle suggests that the recent price volatility is “totally normal” and that a significant upward movement is imminent if history repeats itself. After recovering, BTC effectively retested the **bullish pennant**, setting the stage for a six-figure price “once and for all,” with targets set towards **$130,000**.

As of this writing, Bitcoin trades at **$101,050**, reflecting a **4.7% increase** over the weekly timeframe.

After surpassing its $100,000 milestone, Bitcoin (BTC) recorded its largest retrace in the past month before recovering. Amid the flagship crypto’s performance, some analysts have suggested the levels to watch and the next stops for BTC’s rally.Bitcoin Rally To Continue Above $100,000On Thursday, B…

Is Bitcoin on the Verge of a $110,000 Breakthrough? Insights from Analysts

Haliey Welch, known for her viral catchphrase **"Hawk Tuah,"** is embroiled in controversy over her newly launched cryptocurrency, **Hawk Tuah Coin (HAWK)**. Initially celebrated, the token's value skyrocketed to **$490 million** before crashing to **$36.6 million** within hours, leading to accusations of a **pump-and-dump scheme** against Welch.

### Backlash and Legal Implications
As the situation escalated, social media turned against Welch, with fans now demanding accountability. A prominent law firm has even offered to represent those who lost money, hinting at possible **legal repercussions** for Welch.

### Welch's Response
In the face of rising criticism, Welch took to **X (formerly Twitter)** to defend herself, claiming she did not profit from the coin's launch and that her team took measures to prevent early token sniping. She stated:
> "Team hasn't sold one token, and not one KOL was given a free token. We tried to stop snipers through high fees at launch on @MeteoraAG. Fees have now been dropped."

However, her defense did not resonate with many. Critics accused her of **insider trading** and inconsistency in her statements, with comments such as:
- "Snipers made $3M on your scam, and insiders have started selling."
- "Haliey, you are most likely going to prison."

### Future Uncertain
Despite her denials, the fallout suggests a challenging future ahead. The cryptocurrency community is closely monitoring the situation, questioning whether this marks the beginning of Welch's downfall or if she can redeem her reputation. For now, her future as both an influencer and a meme coin creator remains precarious.

Haliey Welch, who skyrocketed to fame with her viral catchphrase &quot;Hawk Tuah,&quot; is now at the center of a heated scandal involving her newly launched cryptocurrency, Hawk T

Haliey Welch's Hawk Tuah Coin Scandal: From Fame to Infamy in the Crypto World

The crypto market witnessed a **positive surge** on Friday, with **XRP** and **BTC** gaining momentum amid optimistic regulatory developments. 

### SEC Appeal: Will Chair Gensler Withdraw the Appeal Before Leaving the Agency?
The **SEC's** intention to appeal rulings in the **Ripple case** is pivotal for both XRP and ongoing investigations against crypto exchanges. The deadline for the SEC to submit its appeal is **January 15, 2025**, shortly before Trump’s inauguration and the anticipated exit of Chair Gensler. Gensler's recent actions indicate a potential push to solidify the SEC's stance before leaving. 

### Bitcoin (BTC) Revisits $101k on BTC-Spot ETF Inflows
On Thursday, the **US BTC-spot ETF market** saw impressive inflows of **$766.7 million**, marking six consecutive sessions of growth. This surge in demand has positively influenced BTC, pushing it past the **$100k** threshold. Notably, the US BTC-spot ETF market now holds over **1.1 million BTC**, surpassing Satoshi Nakamoto's holdings, a significant milestone. 

### Bitcoin Strategic Reserve: Can BTC Hit $1 Million on US Government Demand?
BTC's recent rise to **$101k** is fueled by speculation about it becoming a **strategic reserve asset** under the Trump administration. With appointments of crypto-friendly officials, there is hope for clearer regulations that could elevate BTC's status. The potential for BTC to reach **$1 million** hinges on government demand and regulatory clarity. 

### Bitcoin Price Outlook
On Friday, BTC experienced a **2.68% increase**, closing at **$99,695** after briefly touching the **$101k** mark. Future BTC price movements will largely depend on the upcoming **CFTC Chair nomination** and potential oversupply risks from Mt. Gox and the US government, which holds a substantial **198,109 BTC stockpile**. 

![XRPUSD Daily Chart](https://example.com/xrp-chart)  
*XRPUSD 071224 Daily Chart*  

Stay tuned for more insights as the crypto landscape evolves with the impending changes in the SEC and government leadership.

XRP and BTC advanced on Friday, with positive sentiment toward the regulatory outlook, fueling buyer demand.

XRP's Future and Bitcoin's Surge: What Trump's SEC Changes Mean for Crypto

### Bitcoin Reaches New Heights

**Bitcoin's** value has soared, surpassing the **$100,000 mark** for the first time, igniting excitement in the cryptocurrency community. This unprecedented milestone has led **Michael Saylor**, executive chairman of **MicroStrategy Inc.**, to reaffirm his positive outlook on Bitcoin.

### Saylor's Investment Philosophy

In a recent interview with **Yahoo Finance**, Saylor shared his straightforward investment strategy: **"Just keep buying Bitcoin with your spare capital. It's going to appreciate against the dollar forever."** He emphasized the importance of viewing Bitcoin as a **long-term asset**, advocating for a systematic approach where investors average their purchase prices quarterly.

### Long-Term Portfolio Strategy

Saylor believes that **Bitcoin should be a core part of any long-term investment portfolio**, with funds allocated for a **four to ten-year horizon**. He highlighted that MicroStrategy has created significant shareholder value by holding onto Bitcoin, suggesting that understanding the technology behind it is not necessary to reap its benefits.

### Celebrating the Milestone

The recent surge to **$100,000** is a critical moment for the cryptocurrency market, prompting discussions within the community about potential celebrations. Saylor has been vocal about Bitcoin's potential to become a **global capital**, predicting that its value could reach **$13 million per coin by 2045**.

### Price Action

As of now, Bitcoin is trading at **$99,308**, showing a **1.7% increase** in the last 24 hours. Meanwhile, **MicroStrategy's stock** has seen a remarkable **476% gain** year-to-date, closing at **$395.01** on Friday.

![Michael Saylor](https://example.com/michael_saylor_image.jpg)  
*Image courtesy: Michael Saylor / MicroStrategy*

Bitcoin's (CRYPTO: BTC) value has reached an unprecedented milestone, crossing the $100,000 mark.

Michael Saylor's Bold Bitcoin Strategy: Why You Should Keep Buying BTC Now!

### **A Shocking Scam in New Jersey**  
A New Jersey resident became a victim of a **sophisticated scam**, paying nearly **$300,000 worth of Bitcoin** to two European men in exchange for **counterfeit gold**.  
  
### **The Alleged Fraudsters**  
The suspects, **Ciprian A. Tiber** (33) and **Ahmed Zarei** (43), both from Romania, face **two counts of money laundering** and **one count of theft by deception**. As of now, they remain at large following the issuance of arrest warrants on **October 25**.  
  
### **The Deceptive Transaction**  
In **September 2023**, the two men met the victim in Bergen County to discuss selling **gold coils**. The victim transferred approximately **11 Bitcoins**, valued at around **$289,000** at the time, only to find out later that the gold coils were fake.  
  
### **Tracing the Funds**  
Investigators traced the transaction and discovered that the Bitcoin was sent to a **crypto wallet** owned by Tiber and Zarei, who allegedly transferred the funds to various **cryptocurrency exchanges** under **fake names**.  
  
### **A Warning from Authorities**  
Bergen County Prosecutor **Mark Musella** emphasized the difficulty in detecting cryptocurrency scams but reassured the community that investigators are committed to exposing such schemes.  
  
### **Call for Information**  
The Bergen County Prosecutor’s Office urges anyone with information about the whereabouts of Tiber and Zarei to contact their tip line at **201-226-5532**.

The alleged fraudsters are also accused of transferring the funds to crypto accounts registered under fake names. 

Beware of Cryptocurrency Scams: New Jersey Resident Loses $289K in Bitcoin for Fake Gold

### Liquidium's DeFi Lending Hits New Heights

**DeFi lending** on Bitcoin-based **Liquidium** has reached a **four-month high** of **21 BTC** as of December 5, 2024, coinciding with Bitcoin’s remarkable surge past **$100,000**.

![Liquidium DeFi Lending](https://cryptoslate.com/wp-content/uploads/2024/12/bitcoin-defi-lending-768x403.jpg)

**Borrowers** can now leverage **instant loans** through Liquidium, which has seen increased activity alongside Bitcoin's mainstream adoption. 

### Loan Volume Breakdown

Onchain data indicates that loans against **Runes** made up **57%** of Liquidium’s daily volume, contributing **12 BTC**, while **Ordinals** accounted for the remaining **43%**, contributing **9 BTC**. This trend reflects a year-long growth for Liquidium, which has facilitated over **63,000 loans**, totaling more than **3,378 BTC**. Runes dominate the platform, making up over half of all collateral.

### Innovative Features and Security

Liquidium allows users to borrow Bitcoin against a variety of assets, including **Runes**, **Ordinals**, and **BRC-20 tokens**. Its **non-custodial model** utilizes **Discreet Log Contracts (DLC)** for secure escrow, protecting lenders’ returns even in the case of defaults.

Analysts attribute the increase in Liquidium's activity to **Bitcoin's price rally** and the introduction of **spot Bitcoin ETFs**, which have significantly boosted **institutional interest** in the ecosystem. Furthermore, the market sentiment has improved with expectations of **crypto-friendly regulations** under a potential **Trump-led administration**, enhancing optimism for broader industry growth.

### Upcoming Features

Looking ahead, Liquidium plans to introduce new features aimed at enhancing user experience. A new **instant loans feature** will allow borrowers to access funds without needing lender countersignatures, streamlining the loan process for all sizes. Additionally, the **Custom Loan V2 upgrade** will provide a gallery-like interface, enabling users to create and customize loan offers, making the platform more dynamic and accessible.

Liquidium’s sustained growth and innovations position it as a pivotal player in the expanding **Bitcoin DeFi** ecosystem.

Liquidium's rise aligns with Bitcoin's mainstream momentum, bolstered by institutional interest and regulatory optimism.

Bitcoin Nears All-Time High: Unusual Fundraising Trends Explored

Summary:

Bitcoin's Current Price Status

A Month of Unusual Fundraising

Key Highlights

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Other Latest News

The $394 Million Tech Influence: How Silicon Valley's Billionaires are Shaping US Politics

Is Bitcoin on the Verge of a $110,000 Breakthrough? Insights from Analysts

Haliey Welch's Hawk Tuah Coin Scandal: From Fame to Infamy in the Crypto World

XRP's Future and Bitcoin's Surge: What Trump's SEC Changes Mean for Crypto

Michael Saylor's Bold Bitcoin Strategy: Why You Should Keep Buying BTC Now!

Beware of Cryptocurrency Scams: New Jersey Resident Loses $289K in Bitcoin for Fake Gold

Liquidium's DeFi Lending Surges as Bitcoin Breaks $100K – What You Need to Know

Other Latest News

The $394 Million Tech Influence: How Silicon Valley's Billionaires are Shaping US Politics

Is Bitcoin on the Verge of a $110,000 Breakthrough? Insights from Analysts

Haliey Welch's Hawk Tuah Coin Scandal: From Fame to Infamy in the Crypto World

XRP's Future and Bitcoin's Surge: What Trump's SEC Changes Mean for Crypto

Michael Saylor's Bold Bitcoin Strategy: Why You Should Keep Buying BTC Now!

Beware of Cryptocurrency Scams: New Jersey Resident Loses $289K in Bitcoin for Fake Gold

Liquidium's DeFi Lending Surges as Bitcoin Breaks $100K – What You Need to Know