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“# Pros say Bitcoin’s ‘very healthy’ correction ‘builds ground for more stable growth’ ” Bitcoin and the wider cryptocurrency market took a beating in the late hours of April 22 and intense selling saw (BTC) price dip below $48,000 in a move that came as a relief to quant analysts like PlanB who were worried that the price…
“# Governing body of Louisiana gives Bitcoin its nod of approval ” Bitcoin has gained increasing levels of adoption over the past several months amid its rise past $60,000. The government of the U.S. state of Louisiana recently released a resolution in which it noted some of Bitcoin’s (BTC) accomplishments. “THEREFORE, BE IT RESOLVED that…
“# Price analysis 4/23: BTC, ETH, BNB, XRP, DOGE, ADA, DOT, UNI, LTC, BCH ” As Bitcoin price crashed below $50,000, mainstream media highlighted that the selling across the market could have been triggered by reports that the Biden administration proposed increasing the capital gains tax to 39.6% from the current 20% for people earning…
“# Gemini users can now buy Bitcoin with Apple Pay and Google Pay ” Major American cryptocurrency exchange Gemini now lets its users purchase cryptocurrencies like Bitcoin (BTC) with Apple Pay and Google Pay. According to a Thursday announcement, Gemini users can now connect their debit cards to Apple Pay or Google Pay for buying…
“# Bitcoin is not an inflation hedge, Bitcoin skeptic claims ” Untied to any single government or country, Bitcoin is often labeled as a store of value asset and a hedge against other areas of finance. Nassim Taleb, a former risk analyst and author, thinks otherwise, however. In an interview with CNBC on Friday, after…
“# 5 reasons Bitcoin and Ethereum plummeted 15% in a single day ” The price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction. Five factors likely caused the price of Bitcoin and Ether to steeply drop in a…
“# Ethereum ETFs are here, building case for US approval of BTC and ETH funds ” Unlike its neighbor to the south that continues to procrastinate, Canada seems to be fast-tracking crypto assets — as evident again last week in its regulatory green light for three new Ether (ETH)-based exchange-traded funds, North America’s first. “Having…
“#Bitcoin drops below $50K as Biden eyes capital gains tax hike” Bitcoin investors are nursing their losses amid reports that President Biden is planning to raise capital gains taxes on the richest Americans. The volatile cryptocurrency’s price plunged nearly 10 percent on Friday to just above the $49,000 mark, hitting its lowest level since early…
“# Bitcoin price ‘relief’ move to $47K pushes BTC below stock-to-flow trajectory ” Bitcoin (BTC) may be making long traders miserable but one bullish analyst says that he is “relieved” that it has shed 22% in a week. In his latest social media update, quant analyst PlanB noted that the price dip to under $48,000…
“# Bitcoin greenwashing? Lawmakers want clearer definitions of green energy ” Legislators in the United Kingdom have asked for greater regulatory powers to combat the rise of financial “greenwashing” — a deceptive practice where a company overstates or fabricates the extent of its green energy usage. A report by the House of Commons cross-party Treasury…