Last year’s crypto report for 2023, as well as our own observations, revealed that Bitcoin experienced significant expansion. The overall crypto market, in turn, underwent a phase of revival. Moving forward, let’s examine some significant happenings in Q1, 2024, which served as a strong foundation for various cryptocurrencies. Consequently, the total market capitalization surged by … Read more
During a 2017 Congressional hearing, a yellow notepad bearing the words “Buy Bitcoin” was conspicuously displayed behind Janet Yellen, then the chair of the United States Federal Reserve. This notable prop has now fetched an impressive price of sixteen Bitcoins (BTC) – equivalent to over one million dollars – at auction. Justin, who goes by … Read more
According to two widely-used indicators among crypto market observers, Bitcoin (BTC) might be approaching a favorable buying opportunity based on its on-chain data. “The MVRV ratio and funding rate based on open interest may indicate that Bitcoin’s current price represents a good buying opportunity for traders.” In a recent post on X addressed to his … Read more
Since its introduction post-Halving event on April 20, Runes – a novel token standard on Bitcoin – accounts for over two-thirds of Bitcoin’s total transactions. Approximately 2.38 million Rune transactions have been completed, representing around two-thirds (68%) of all Bitcoin transactions that have taken place since its introduction on April 20, based on data from … Read more
For an average cryptocurrency investor, President Joe Biden’s plan to elevate the capital gains tax rate up to 44.6% for specific individuals – the highest in US history – is anticipated to bring little consequence. Matthew Walrath, the creator of CryptoTaxMadeEasy shared with CryptoMoon his perspective that Biden’s recent tax proposals are unlikely to impact … Read more
This is a developing story, and further information will be added as it becomes available. The BlackRock iShares Bitcoin Trust (IBIT) experienced no new investments for the first time since the launch of Bitcoin ETFs in the US back in January. Since its January 11th debut, IBIT has continued to draw in investments totaling millions … Read more