As a researcher with a background in cryptocurrencies and market analysis, I find the recent accumulation of Bitcoin by whales to be an intriguing development following the post-halving price dip. The fact that large wallets holding at least 100 BTC have amassed over $2.9 billion worth of Bitcoin in just 24 hours is a clear … Read more
As a seasoned crypto investor with a keen interest in the industry’s dynamics, I find the recent surge in venture capital investment in crypto and blockchain startups to be an encouraging sign. After witnessing three consecutive quarters of decline, it’s refreshing to see a significant uptick in funding and deal count. As an analyst, I’ve … Read more
BTC recovered over 3.5% of its value in the last 24 hours Selling pressure on Bitcoin rose, despite the recent price hike As an experienced analyst, I believe that the recent recovery of Bitcoin (BTC) in the last 24 hours is a positive sign for the cryptocurrency market. Despite the selling pressure that rose in … Read more
What is cost basis in crypto? In summary, accurately calculating the cost basis for cryptocurrencies is essential for filing correct tax returns and minimizing potential taxes owed. The cost basis depends on various factors such as the method of acquisition, fair market value at the time of receipt, and any associated transaction fees or expenses. … Read more
As a seasoned crypto investor with a keen interest in market trends, I’ve seen my fair share of ups and downs in the Bitcoin (BTC) market. The recent price surge of up to 5% on May 3, following the U.S. employment data release, brought both relief and uncertainty. On May 3, Bitcoin (BTC) experienced a … Read more
Ethereum’s price appreciated by more than 2.5% in the last 24 hours Most metrics and market indicators looked bullish on ETH’s charts As a seasoned crypto investor with a keen interest in Ethereum [ETH], I’m thrilled to see the latest price appreciation of over 2.5% within the last 24 hours. The bullish trend is further … Read more