Key Takeaways Dave Portnoy stacked XRP, Bitcoin, and Ethereum during Monday’s market dip. In July, Portnoy sold his XRP at $2.4 just before a 50% increase in its value, prompted by advice regarding competition from Circle. Share this article Barstool Sports founder Dave Portnoy purchased $1 million worth of XRP on Monday, along with $750,000
The cryptocurrency market has been in a freefall all November, erasing nearly all of the gains from earlier in the season. As of today, the total market cap has come down from $4Tn in October to around $3.09Tn, a loss of almost $1Tn in just one month. But why did crypto crash? Lets find out.
U.S. Senator Todd Young of Indiana is calling on the Internal Revenue Service (IRS) to review Biden-era tax guidelines for cryptocurrency rewards. Summary Sen. Todd Young urged Treasury Secretary Scott Bessent to reconsider the IRS’s 2023 tax treatment of staking rewards. The IRS recently proposed implementing the global CARF tax standard, aligning the U.S. with
Key Takeaways Binance is experiencing a notable increase in short-term Bitcoin trading activity. Short-term Bitcoin holders are selling during price corrections, resulting in higher trading volumes on exchanges like Binance. Share this article Binance, the world’s largest crypto exchange by trading volume, is experiencing increased short-term Bitcoin trading activity as market dynamics shift toward more
Bitcoin Price has come down nearly -29% from its ATH in October. Compared to the S&P’s just over -4% and Nasdaq’s -7% drops, we can easily say that the BTC volatility is still a lot to take for traditional investors. Such a drop for the indexes can be observed at the COVID crash in 2020
Schiff argues Bitcoin’s slide versus gold exposes the ‘digital gold’ narrative as a fraud and will eventually drive investors to sell. Long-term Bitcoin critic Peter Schiff is back again, this time saying the flagship cryptocurrency’s latest dip is worse when priced in gold. He also predicts that BTC could surrender all its 2025 gains
Bitcoin price stabilized today, Nov. 18, as investors bought the dip and waited for the upcoming FOMC minutes and Nvidia earnings. Summary Bitcoin price has crashed to its lowest level since April. The Crypto Fear and Greed Index has moved to the extreme fear zone. Technical analysis suggests that Bitcoin is about to bottom. Bitcoin
Key Takeaways The Coinbase premium gap has fallen to -$90, indicating unexpected market behavior. A negative premium gap suggests selling pressure and less demand from institutional investors on Coinbase. Share this article Coinbase’s premium gap has dropped to -$90, reflecting a significant shift in Bitcoin market dynamics as institutional demand weakens. A negative Coinbase Premium
Crypto’s main value proposition is that base networks are supposed to be online, all the time. Out of this ultra-high reliability, DeFi platforms, whether lending or decentralized exchanges, can function at any time of the day, all without censoring transactions, another big plus. True, Bitcoin, Ethereum, and mainnets powering some of the next 100X cryptos
Tether believes that Ledn has the capacity to expand retail and institutional access to credit as the bitcoin-backed market enters a phase of significant growth. The leading stablecoin issuing company, Tether, has strengthened its commitment to the Bitcoin-backed finance landscape with a new investment in a crypto firm. According to a press release sent