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Cryptocurrency strategists are warning that meme tokens PEPE and Dogwifat (WIF) are currently well-positioned to witness a serious corrective move. Pseudonymous trader Credible Crypto told his 425,900 followers on social media platform X that he is bearish on PEPE. According to the analyst, PEPE's current rally will lose momentum, setting the stage for a crash below $0.00000570. “HTF (high time frame) delivery takes time. After bouncing off the range low, it is now back at the range high and is struggling to clear it again, possibly leading to another deviation and failure. The next drop in BTC should also result…
The cryptocurrency space is starting to heat up as Shiba Inu bulls try to secure their place in the market. However, this new Ethereum-based token ETFS Wap (ETFS), has attracted the attention of cryptocurrency enthusiasts with predictions of a 20,000x return by 2025. Shiba Inu bull makes an easy decision in favor of ETFSwap (ETFS) Shiba Inu bulls are ready to storm the market, but are showing some hesitation in considering them Shiba Inu (SHIB) price. Memecoin prices have not provided enough impetus for Shiba Inu Bull, who was early to discover that ETFSwap (ETFS) is expected to return 20,000x…
Updated on 10/16 below. This post was originally published on October 16th Bitcoin Bitcoin It has skyrocketed since the beginning of the new year following the China earthquake. Earn over $3,000 in benefits, including unparalleled access to Web3's community of top entrepreneurs, creators, and investors, premium networking, priority access to global events, and free access. forbes.com and our forbes Cryptocurrency and Blockchain Advisor Newsletter. Apply now! Bitcoin's price has soared from less than $60,000 last week to $70,000 per Bitcoin as MicroStrategy founder Michael Saylor reveals a massive $100 trillion “end goal.” Now, as Tesla billionaire Elon Musk warns that…
bitcoin price This week started off with a bang This was an unprecedented move for many market participants. After disappointing investors in early October, Bitcoin price Over $66,000 For the first time in weeks. Interestingly, this price action caused Bitcoin prices to rise again. approaching a critical technical level Uses a 200 day moving average. Historically, crossing this important indicator has started an explosive bull market, often resulting in parabolic price increases. The question now is whether Bitcoin can repeat this historical pattern and cause another massive rally. Bitcoin price approaches 200MA. What does this mean? The 200-day moving average…
The sharp rise in the virtual currency market on October 14th was also due to the influence of the vice president. kamala harris Bitwise's CIO Matt Hogan said the company's announcement of a “smart regulatory framework” for digital assets reflects the depth of investor enthusiasm.On October 14th, Bitcoin (BTC) rose more than 5% and Ethereum (ETH) soared more than 7%. Additionally, U.S. physical Bitcoin exchange-traded funds (ETFs) saw $555 million in inflows, the highest single-day inflow in four months.The market reaction came after Harris announced a plan aimed at protecting Black Americans who own digital assets. Despite the lack of…
Important points Grayscale has filed an application with the SEC to convert its digital large-cap fund into an ETF. The fund primarily invests in Bitcoin and Ethereum, accounting for almost 94% of its assets. Share this article in grayscale submitted According to one source, the company has asked the SEC to convert its digital large-cap fund into an ETF. report Written by Wall Street JournalThe fund holds a mixed portfolio of popular digital assets such as BTC, ETH, SOL, XRP, and AVAX.Grayscale's latest filing follows the conversion of the Grayscale Bitcoin Trust and Ethereum Trust into spot ETFs earlier this…
Salvadorans may like President Nayib Bukele, who has cleared up the country's once dire security situation. But at least one policy is not popular. It's Bitcoin. This is according to a new study from the University of San Salvador Francisco Gavidia, where only 7.5% of those interviewed said they use cryptocurrencies for transactions, while 92% said they do not. I admitted it. el salvador made Bitcoin legal currency In 2021, the country has embraced the idea of Bukele, the millennial leader and prolific tweeter. Businesses are legally obligated to accept cryptocurrencies if they have the technical means to do so.President…
Tesla continues to move large amounts of Bitcoin into new wallets, a first for the automaker, which first dabbled in cryptocurrencies several years ago before cooling off. What does this mean? Probably not that many. Tesla is one of the few large publicly traded companies that has invested some of its cash in cryptocurrencies. In early 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, automakers started accepting cryptocurrencies as payment for new cars. However, a few days later, Tesla took a step towards cryptocurrency by removing the Bitcoin payment option. The company cited concerns about the Bitcoin network's energy…
Former President Donald Trump's cryptocurrency project, World Liberty Financial, launched a token sale on Tuesday, but its website crashed shortly after.A whitelist of much-hyped but still little-described decentralized finance projects was made available to accredited investors and people outside the United States on September 30th. According to CNBC, World Liberty Financial co-founder Zach Folkman claimed on Monday that “well over 100,000 people” have registered to purchase the company's token WLFI. As of publishing, the site appears to be back online.But as of Tuesday afternoon, only 5,317 unique wallet addresses held the tokens, according to blockchain data tracked by Etherscan, and…
background For those following recent developments in crypto taxation and crypto staking, the Jarretts may seem familiar. Last year, the same couple argued before the U.S. Court of Appeals for the Sixth Circuit on the same issue of whether receiving staking rewards creates taxable income on the date the rewards are received. Jarrett initially sought a refund from the IRS in 2022, claiming that he overpaid his 2019 taxes because his 2019 tax bill included taxes incurred in connection with the creation of certain Tezos crypto tokens. filed a lawsuit. Jarrett vs. United StatesNo. 3:21-cv-00419, 2022 BL 349876 (MD Tenn,…