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
Polkadot recorded a rise in demand in Q1 However, revenue plummeted despite demand peaking over the period As a researcher, I find it intriguing that Polkadot experienced a substantial increase in user activity during the first quarter of this year, as evidenced by the surge in new and returning addresses on its Relay Chain and … Read more
As an analyst with experience in the cryptocurrency market, I’ve been closely monitoring the developments in the stablecoin sector, particularly the competition between USDT (Tether) and USDC (Circle). While USDT has historically dominated this space due to its status as the first fiat-backed stablecoin, USDC has been gaining ground rapidly over the past few years. … Read more
BTC and ETH traded below their maximum pain points, suggesting that traders might face severe losses Implied Volatility dropped, implying a lack of bullish expectations going forward As a researcher with experience in the cryptocurrency market, I have been closely monitoring the upcoming expiry of Bitcoin (BTC) and Ethereum (ETH) options contracts worth approximately $2.3 … Read more