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” Bitcoin price sees ‘hell of a reversal candle’ as 168,000 BTC leaves exchanges “ Bitcoin (BTC) came back with a vengeance on May 13 as bulls stepped in to take the market to near $31,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin RSI stays firmly oversold Data from Cointelegraph Markets Pro and TradingView confirmed…
” Shanghai court affirms that Bitcoin is virtual property, subject to property rights “ The Shanghai High People’s Court has issued a document in which it states that Bitcoin is subject to property rights laws and regulations. That finding was made in relation to a lawsuit filed in a district court in October 2020 involving…
” Crypto-associated stocks hammered as COIN and HOOD drop to record lows “ Bad news continues to dominate crypto media headlines and May 12’s juiciest tidbit was the unexpected collapse of the Terra ecosystem. In addition to the weakness seen in equities, listed companies with exposure to blockchain startups and cryptocurrency mining have also declined…
” Nasdaq partners with XP to launch cryptocurrency exchange in Brazil “ XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody. XP stated that the…
” Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free “ The Federal Ministry of Finance (BaFin) published a 24-page document on Tuesday outlining clear income tax rules for cryptocurrency and virtual assets. Tax practitioners, businesses and individual taxpayers now have clear direction on the tax requirements for acquiring, trading…
” 3 reasons why bears aim to pin Bitcoin below $30K for this week’s BTC options expiry “ Investors were surprised by Bitcoin (BTC) price falling to $25,500 on May 12, and this shock extended to options traders. The strong correction was not restricted to cryptocurrencies and some large cap stocks faced a 25% or…
“Crypto investors panic amid digital coin, bitcoin crash” Crypto investors were panicking on Thursday as bitcoin and other digital coins continued to plummet. Victims of the bloodbath — which comes amid a broader stock market rout — range from the billionaire crypto titans who run leading marketplaces such as Coinbase and Binance to lowly retail…
” How long will the crypto bear market last? Raoul Pal’s macro analysis “ Macro investor Raoul Pal is convinced that the current crypto bear market will end only once the Fed eases its hawkish monetary policy by halting interest rate hikes. That could happen in the next couple of months, according to Pal’s predictions. …
” Bitcoin could target $32K, says trader as LUNA crashes below one penny “ Bitcoin (BTC) bulls demanded a rematch of $30,000 later on May 12 as the market recovered from its lowest levels since late 2020. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY looms large as BTC recovers Data from Cointelegraph Markets Pro…
“Crypto billionaires losing fortunes as bitcoin tumbles” The Winklevoss twins and other cryptocurrency moguls who bet big on bitcoin have seen their fortunes plummet in recent weeks during a steep selloff in the market. The crypto tycoons have gotten slammed as investors look to dump riskier assets during global economic turmoil, according to Bloomberg. Bitcoin…