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According to Decrypt, a Keystone, Colorado resident fell victim to a sophisticated crypto scam last week, losing over $6,000 in Bitcoin after fraudsters posed as law enforcement officials threatening arrest for missed jury duty, according to the Summit County Sheriff's Office. Documentation reviewed by Decrypt revealed that an additional $4,000 transfer was in progress, but deputies intervened before it could be completed. Despite this, the perpetrators had already obtained sensitive personal information during the call. The Summit County Sheriff's Office stated in its incident report that a deputy would never call anyone to notify them of a warrant for their arrest and then offer to clear it in exchange for gift cards, wire transfers, or Bitcoin. Call logs from the report indicate that similar incidents continue to emerge across the state. In a separate incident in Denver, a woman lost almost $5,000 in Bitcoin after scammers impersonating Denver Police officers convinced her she had missed jury duty. Believing she had overlooked a jury notice, the victim followed the perpetrator's instructions to clear a fake warrant by sending payment through a Bitcoin ATM. Upon contacting Denver Police to confirm the transaction, she discovered she had been defrauded. The patrol report claims that it is unlikely the money will be recovered. This case mirrors a September incident where Keystone bank staff prevented another resident from transferring $8,000 in crypto after receiving similar fraudulent calls. Scammers have increasingly adopted number spoofing techniques to make calls appear to originate from legitimate law enforcement agencies. Colorado's crypto fraud landscape has expanded significantly, with state investigators documenting over 1,300 cases totaling $81 million in losses during 2023. The state ranks 15th nationally for crypto-related crimes, according to law enforcement data. FBI Denver also issued a warning earlier this year regarding token impersonation scams, including high-profile cases where some $3.2 million in crypto was allegedly misappropriated by a pastor and his wife, targeting victims through their Christian community and promoting a token called INDXcoin. The Sheriff's Office warned that scammers can be aggressive and persuasive, noting that crypto transactions are particularly attractive to fraudsters due to their irreversible nature and difficulty in tracing funds once transferred. While transactions in crypto are generally irreversible due to the concept of immutability for blockchains, recent work in reversible transactions through Ethereum was forwarded by researchers from Stanford University. Private-led initiatives to help victims of crypto scams have also been launched to counter these incidents.

On Nov 04, 2024, 05:26 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 69,000 USDT and is now trading at 68,984.507813 USDT, with a narrowed narrowed 0.68% increase in 24 hours.

According to Odaily, the official report indicates that Australia's Monochrome spot Bitcoin ETF (IBTC) held 173 BTC as of November 1. The assets under management (AUM) for the ETF are approximately $18.32 million.

According to BlockBeats, on November 4, Nick Forster, founder of Derive.xyz (formerly Lyra), analyzed that the forward volatility of BTC and ETH surged overnight. Bitcoin's volatility currently stands at 80.30%, up from the previous 72.20%, while Ethereum's volatility is now at 82.92%, higher than the previous 75.40%. Nick Forster indicated that this increase reflects traders preparing for the election results, which could significantly impact market prices. There is a two-thirds chance of substantial price fluctuations on election night, with BTC's volatility range between -8.97% and +9.85%, and ETH's volatility range slightly larger, between -9.25% and +10.19%. Forster further noted that the total open interest for BTC call options is 1,179 contracts, while the total open interest for put options is 885 contracts. This clearly shows that despite potential volatility, the market still leans towards a bullish outlook.

According to Odaily, from October 12 to October 20, 2024, data from CryptoQuant indicated that the trading price of Bitcoin (BTC) in South Korea was below the global average. However, after October 20, the price shifted to a premium, reaching 2.21% by October 24. By Halloween (October 31), which marks the 16th anniversary of the Bitcoin whitepaper, the premium on South Korean exchanges stood at 1.93%. Over the years, the BTC trading price in South Korea has generally been higher than the global market, a phenomenon known as the 'Kimchi Premium.' This trend is largely attributed to local regulations and capital controls, as well as strong demand for cryptocurrencies in South Korea. Throughout the year, the South Korean won has been the second-largest fiat currency in BTC trading volume, following the US dollar. Currently, the won ranks fifth in BTC trading pairs, behind USDT, USD, FDUSD, and USDC. The US dollar accounts for 17.75% of BTC trading volume, while the won accounts for 3.99% of today's BTC trading volume. The euro follows the won, accounting for 1.06% of BTC trading volume in the past 24 hours.

On Nov 03, 2024, 21:01 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 69,000 USDT benchmark and is now trading at 69,070 USDT, with a narrowed narrowed 0.69% decrease in 24 hours.

On Nov 03, 2024, 02:09 PM (UTC), according to Binance Market Data, Bitcoin (BTC) dropped below 68,000 USDT and is now trading at 67,981.726563 USDT, USDT, with a narrowed 2.11% decrease in 24 hours.

According to CoinDesk: Bitcoin’s price has slipped below $68,000, driven by heightened volatility in the crypto markets as the U.S. presidential election nears. Just days ago, BTC was hovering close to its all-time high of $73,700, supported by rising market optimism for a victory by pro-crypto Republican candidate Donald Trump. Betting platform Polymarket reflected this sentiment, with Trump’s odds reaching as high as 67%, while his opponent, Vice President Kamala Harris, trailed at 33%. Since then, the sentiment has shifted, with Trump’s odds falling to 56% and Harris’s climbing above 47%.Cryptocurrency Market Correlates with U.S. Election Betting OddsAs Trump’s election odds dropped, Bitcoin and other major cryptocurrencies began to show immediate responses. BTC briefly dipped to a low of $67,600, though it has since rebounded to around $68,300. The overall cryptocurrency market has experienced similar declines, with the CoinDesk 20 Index down 2.3% over the past 24 hours. Notably, altcoins like Cardano (ADA) and Avalanche (AVAX) have seen even sharper drops, each losing nearly 6% as of the latest reports.This trend highlights a correlation between Bitcoin’s price and Trump’s election odds, illustrating how sensitive crypto markets have become to the evolving U.S. political landscape. Analyst Miles Deutscher noted the connection on X (formerly Twitter), stating, “It’s remarkable how closely Bitcoin price action is tracking Trump’s chances,” pointing to how election sentiment has become a significant factor in driving recent BTC volatility.Election Uncertainty and Market Sentiment Create Bitcoin VolatilityBitcoin’s recent pullback reflects the market’s uncertainty as election day approaches. “Markets hate uncertainty,” goes a popular Wall Street saying, and the current 50/50 race between Trump and Harris adds to this sentiment. Cryptocurrency markets, traditionally viewed as high-risk assets, often react sharply to political shifts and economic policy expectations. Should Trump secure a win, markets may expect more favorable regulatory policies for digital assets, which could further influence Bitcoin and other cryptocurrencies’ performance. Conversely, Harris’s unclear stance on crypto leaves market participants uncertain about the future direction of U.S. crypto policies.Will Bitcoin Stabilize as Election Results Approach?With less than a week until the U.S. election, crypto traders and investors are closely monitoring Bitcoin’s movement and the evolving election predictions. The potential for further volatility remains high, as any additional shifts in polling data or market sentiment could influence Bitcoin’s price trajectory. Beyond the election, broader factors such as Federal Reserve policy, macroeconomic data, and interest rate decisions also remain crucial to the crypto market's outlook.In the meantime, Bitcoin remains highly reactive to the political landscape, and analysts predict that BTC could see more dramatic price swings until election results bring clarity. Whether the market stabilizes or sees another rally depends on upcoming developments, and Bitcoin traders are preparing for further fluctuations.

According to PANews, CoinDesk analyst James Van Straten has commented on the unique nature of MicroStrategy's shareholders. Typically, equity dilution is viewed negatively by shareholders. However, MicroStrategy's shareholders appear to be pleased with the dilution of their equity. This positive sentiment stems from the company's strategy of purchasing Bitcoin, which effectively increases the value per share. Consequently, the value for shareholders also rises.

According to BlockBeats, data from mempool.space on November 3 indicates that Bitcoin network transaction fees have decreased. The current high-priority transaction fee is reported at 3 Sat/byte.

According to BlockBeats, data from Farside Investors indicates that US Bitcoin spot ETFs experienced a cumulative net inflow of $2.2202 billion this week. Among the ETFs, BlackRock's IBIT saw an inflow of $2.1489 billion, while Fidelity's FBTC received $89.8 million.

According to Odaily, Bitcoin has recently broken upward, with speculations surrounding the potential outcomes of the U.S. election suggesting it may reach new historical highs. The correlation between Bitcoin prices and capital inflows is expected to increase further, with liquidity becoming an increasingly significant price driver. Last week, there was a substantial influx of global funds into U.S. market Bitcoin spot trading funds, with the market betting on a Trump victory in the U.S. election. Trump's support for Bitcoin is seen as the 'Trump trade,' and the market anticipates that the scale of U.S. spot Bitcoin ETFs could double by 2025 and grow fourfold by 2027. Investors in Hong Kong are also watching closely for opportunities to invest in Bitcoin.

According to U.Today, corporate Bitcoin holder MicroStrategy recently transferred 1,652 Bitcoin, valued at approximately $114.38 million, to a new wallet. This move, reported by Lookonchain, has drawn significant attention from the crypto community. MicroStrategy, known for its substantial Bitcoin holdings, continues to strategically manage its digital assets. The transfer does not indicate a sale, as the company's Bitcoin stockpile remains unchanged from its previous disclosure at the end of September.Lookonchain reports that MicroStrategy currently holds 252,220 BTC worth $17.56 billion, with an average purchase price of $39,266 and an unrealized profit of $7.65 billion. The company has ambitious plans to further expand its Bitcoin holdings. This week, MicroStrategy announced its intention to raise $42 billion over the next three years to acquire more Bitcoin. At the time of writing, Bitcoin was down 0.15% in the last 24 hours, trading at $69,470 after reaching highs of $73,600 earlier in the week.MicroStrategy prides itself on being the largest public corporate holder of Bitcoin, with around $18 billion on its financial sheet. The company plans to increase its holdings by selling up to $42 billion in equity and fixed-income instruments. MicroStrategy has hired banks to assist in raising these funds through the sale of additional shares and fixed-income instruments. Over the past year, the company has raised billions of dollars through the sale of convertible senior notes and shares, which its bankers can sell into the market to bolster its Bitcoin stockpile.

According to U.Today, Bitcoin's market dominance has surged to 60%, marking a significant shift in market dynamics and reversing trends that have influenced the industry for years. This resurgence comes after a prolonged altcoin season, during which investors favoured altcoins over Bitcoin. Despite the increase in Bitcoin's price in USD terms, altcoins have been losing value against Bitcoin pairs, primarily due to Bitcoin's own upward movement.Bitcoin's journey to this 60% dominance level was not without challenges. The recent surge in Bitcoin's price allowed it to outperform numerous smaller coins, weakening the stronghold of altcoins. Although altcoin prices did rise, this was largely driven by Bitcoin's gains. Since March, many altcoins have struggled to maintain their momentum and have been declining in comparison to Bitcoin.Chart analysis indicates that Bitcoin recently reversed from the $70,000 mark, failing to sustain its position above this critical level. This decline highlights the selling pressure Bitcoin faces at higher levels but does not necessarily indicate a breakdown of its overall bullish trend. Key support levels at $67,000, $64,000, and $62,000 are crucial to watch as they may act as stabilizing points if Bitcoin continues to retract. To maintain its bullish momentum and potentially advance higher, Bitcoin must recover and hold above $70,000.Bitcoin's current dominance significantly impacts the market. As long as Bitcoin remains strong, altcoins are likely to continue struggling against their Bitcoin pairs. This dominance cycle suggests that Bitcoin is concentrating capital, making riskier altcoin investments less attractive. The trend indicates that Bitcoin will continue to outperform altcoins until it establishes a stable base near its recent highs, which could provide altcoins an opportunity to recover against Bitcoin pairs.

According to Odaily, MicroStrategy founder Michael Saylor has made a bold prediction regarding Bitcoin's future. Saylor stated, 'Bitcoin will consume gold. It has all the advantages of gold without any of its drawbacks.'

According to BlockBeats, on November 3, cryptocurrency analyst PlanB shared on social media that Bitcoin's closing price for October was $70,231, which is slightly lower than the monthly closing price of $71,285 in March. He also mentioned that preparations are underway for the upcoming U.S. presidential election.

According to BlockBeats, the BitVol (Bitcoin Volatility) Index, launched by financial index company T3 Index in collaboration with options trading platform LedgerX, rose to 63.54 on November 3, marking a daily increase of 0.94%. The BitVol Index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual options prices. It is calculated using the Black-Scholes options pricing formula, where the actual options prices and other parameters, except for volatility (σ), are input into the formula to derive the implied volatility. The actual price of options is determined by the competition among numerous options traders. Therefore, implied volatility represents the market participants' views and expectations for the future of the market, making it the closest representation of the true volatility at that time.

The global crypto market cap is $2.28T, a 2.09% decrease over the last day, according to CoinMarketCap data.Bitcoin (BTC) has traded between $67,864 and $69,712 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $68,402, down by 1.79%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include PROS, PORTO, and GLMR, up by 11%, 7%, and 5%, respectively.Top stories of the day:Metaplanet's Bitcoin Strategy Boosts Stock Price by Over 1000% in 2024Bitcoin Miners' Revenue Reaches $1.02 Billion in October, Highest Since AprilCICC Report Forecasts 25 Basis Point Fed Rate Cut Amid Slowing Labor Market and Temporary Economic Disruptions NFT Sales Volume Sees 18% Increase in October Bitcoin ETF Purchases Surpass Mining Output This Week U.S. Presidential Election Set to Impact Financial Markets Stablecoin Market Cap Reaches Highest Level Since May 2022 Ethereum, Solana, and Tron TVL Show Mixed Performance over The Week 21Shares Files for XRP ETF, Aiming to Expand Crypto Investment Options Hong Kong and Saudi Arabia Establish $1 Billion Investment FundMarket movers:ETH: $2455.32 (-1.94%)BNB: $561.1 (-2.60%)SOL: $163.63 (-1.94%)XRP: $0.5037 (-1.76%)DOGE: $0.15164 (-5.47%)TRX: $0.1641 (-1.97%)TON: $4.831 (-2.19%)ADA: $0.3395 (-5.09%)WBTC: $68318.4 (-1.67%)SHIB: $0.00001703 (-3.62%)Top gainers on Binance:PROS/USDT (+11%)PORTO/USDT (+7%)GLMR/USDT (+5%)

According to Cointelegraph, governments in eco-friendly nations considering a ban on Bitcoin mining might inadvertently harm the global economy. Researchers from Exponential Science suggest that well-intentioned policies could lead to unintended consequences, such as redirecting mining activities to regions with higher carbon intensities. This shift could result in a net increase in global carbon emissions, a phenomenon referred to as aggravated carbon leakage. The researchers emphasized that Bitcoin mining bans in low-emission countries could lead to increased carbon emissions globally. They pointed out that not all Bitcoin mining is equal, as countries use different energy sources with varying environmental impacts. For instance, a mining ban in Canada, which extensively uses nuclear and hydro-electric energy, would have a significant negative impact. Such a ban could increase network emissions by approximately 5.6%, or 2.5 million tonnes of CO2 annually. On April 24, Cointelegraph reported that the Canadian province of Manitoba had extended a moratorium on new requests to the government-owned Manitoba Hydro agency for electrical service for cryptocurrency operations. This extension applies to new requests from crypto miners and requests for electric service that have not yet resulted in an agreement to construct infrastructure. Meanwhile, on November 1, Russian President Vladimir Putin signed a set of laws providing a regulatory framework for crypto mining operations in Russia. Although the legislation defines key legal concepts in crypto mining, industry experts caution that Russia has not fully legalized crypto mining. Instead, they view the measures as a framework establishing new controls and restrictions for the sector.