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Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $92,000-$95,000 and return to new all-time highs. Bitcoin’s BTC $91,190 relief rally to $91,000 appears to be cooling, but analysts say the short-term trend for BTC “remains up.” Key takeaways: Bitcoin must next take out immediate resistance between $92,000 and $95,000. Spot volume and trading...
Spain’s Sumar party reportedly wants to raise crypto taxes to 47%, classify all digital assets as seizable and introduce a “risk traffic light” system. Spain’s Sumar parliamentary group has introduced amendments to reform three major tax laws affecting cryptocurrencies, including the General Tax Law, Income Tax Law and Inheritance and Gift Tax Law, according to local media. The proposal would...
Despite a steep drop in its share price, Strategy’s Bitcoin stack is in the green and it continues to outperform top tech equities over time. Bitcoin investor Strategy is facing a rough stretch this year, prompting speculation that its high-conviction Bitcoin play is coming undone. A look beyond the one-year chart tells a different story. Google Finance data shows that Strategy (MSTR)...
The confidential filing with the SEC for a US initial public offering came less than a week after Grayscale Investments announced a similar move. Kraken, the US cryptocurrency exchange headquartered in Wyoming, announced the confidential filing of a draft registration statement for a proposed initial public offering, following months of speculation among many in the cryptocurrency and blockchain industry....
Bitcoin’s latest tumble pushed it below the $93,507 price it entered the year at, despite the year mostly seeing positive industry developments from corporations and governments. Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets....
Bitcoin falls to $98K as futures liquidations soar: Should bulls expect a bounce? Bitcoin data forecast the drop to $98,000 as key supports failed to generate hefty buying from bulls, and futures traders saw their long positions liquidated. Bitcoin’s BTC $97,043 price has struggled to regain momentum following Wednesday’s drop to $100,700, leaving BTC down roughly 3.5% on the weekly...
Bitfinex says macro conditions signal consolidation, but others are optimistic that Bitcoin will gain as usual in November. November might not turn out to be Bitcoin’s saving grace after all, as crypto analysts signal the cryptocurrency could break from its historically strong price gains in November and instead trade sideways. “The current macro backdrop easing policy, but mixed communication from...
Robert Kiyosaki predicts Bitcoin will reach $250,000 and gold $27,000 by 2026, saying he’s buying hard assets amid a looming crash. Rich Dad Poor Dad author Robert Kiyosaki has doubled down on his bullish outlook for hard assets, saying he’s buying more gold, silver, Bitcoin and Ethereum even as markets brace for a potential crash. In a post shared on X...
Privacy coins are on a tear this week, with Zcash flipping Monero for the largest privacy coin. Privacy tokens are taking center stage this week, bucking the slump that has affected the broader cryptocurrency market. Notable commentators in the cryptocurrency space have been predicting a spike in privacy coin prices for months. Their projections now appear to be coming true....
Bitcoin accumulators bought 375,000 BTC in just 30 days, with the dip below $100,000 boosting their holdings by 50,000 BTC on Tuesday, new data confirmed. Key points: Bitcoin accumulator addresses grab 375,000 BTC in a month in a new record. Accumulators added 50,000 BTC as price slipped under $100,000 for the first time in months. The drawdown from October’s all-time...
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