A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent. An early Bitcoin investor from Austin, Texas, became the first person criminally charged for failing to report crypto capital gains in a case involving about $4 million worth of cryptocurrencies. According to…
Read more
Bitcoin faces a giant inefficiency on short timeframes as a week full of potential volatility starts with a wobble. Bitcoin BTC$96,053 saw its first weekly close above $100,000, which was a volatile start to a new trading week. Weekly close records do not last long as analysis warns that the market should fill a $10,000 downside wick…
Read more
Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next? Bitcoin has surged past the critical $100,000 level, marking a psychological milestone for crypto traders and vindication for hodlers and true believers. The price has been surging skyward ever since Donald…
Read more
A crypto analyst says Bitcoin is in a state of “musical chairs” right now and warns that traders should be “prepared when the music stops.” Bitcoin’s climb toward $100,000 has seen a significant amount of offloads from long-term holders, which some analysts say signals a potential top that could turn markets bearish and catch traders…
Read more
Roadmap headwinds and FUD stalled Ethereum’s price performance in 2024, but there are signs that it may turn a corner in the new year. With Bitcoin hitting new all-time highs and closing in on the psychologically important $100,000 mark, a major topic of conversation is Ether’s underperformance compared with the rest of the market. According…
Read more
A crypto analyst highlighted significant Bitcoin inflows to crypto exchanges from whales, who are still holding back on making any major moves. Bitcoin whales are standing on the sidelines with their holdings as Bitcoin continues to tease and retrace as it hovers just below $100,000, according to a crypto analyst. “Although there is currently no…
Read more
Bitcoin has nailed something never seen before — $26,400 BTC price upside in a single monthly candle. Bitcoin has made history as the largest cryptocurrency seals its largest ever monthly candle. BTC/USD 1-month chart. Bitcoin completes month unlike any other Data from TradingView confirms the single biggest BTC price gain ever seen in a single monthly candle…
Read more
Bitcoin is attempting a soft recovery today, but failure to flip $95,000 back to support could lead to a classic Thanksgiving price dump. Bitcoin’s price dropped below $95,000 on Nov. 25, breaking below an ascending broadening wedge pattern. While the crypto asset has found support from the 100-day EMA level, combined overhead resistance from the 50-day…
Read more
An analyst says Bitcoin’s correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree. Bitcoin could retrace toward $70,000 if it continues its long-standing correlation with the global money supply in cash and bank deposits, according to an analyst. “So far, this correlation is shockingly accurate,” Theya Bitcoin head…
Read more
Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do. United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to…
Read more
