Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin Drops Below $71,000 as US Macroeconomic Data Disappoints

Bitcoin (BTC) slipped toward $71,000 during the Wall Street open on Oct. 31, as new U.S. macroeconomic data failed to stimulate an upward move in BTC’s price. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retracing, down about 1.6% on the day. The September release of the Personal Consumption Expenditures (PCE) index largely aligned with expectations, delivering no major surprises. Despite this, crypto markets showed little reaction. “Both core PCE and CPI inflation remain elevated and stubborn,” observed trading resource The Kobeissi Letter on X. “The ‘Fed pivot’ is being delayed again.” The reference here is to potential future Bitcoin.com

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Whales Move $8.98 Million in ENA from Binance: ARCA and Mysterious Address Withdraw 24.26 Million ENA

According to an analysis by on-chain data specialist Yu Jin on November 1, significant movements were observed in the cryptocurrency market as two institutional addresses executed substantial withdrawals from Binance. Bitcoin.com