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
The prices of Bitcoin (BTC), Ether (ETH), and other significant cryptocurrencies experienced a brief dip due to two simultaneous events: the arrest of Samourai Wallet’s founders by the US Department of Justice (DOJ), and the ongoing geopolitical tensions in the Middle East, all while dealing with the aftermath of the recent halving and its resulting … Read more
BlackRock has made it clear that they do not have any business dealings with Hedera and have not selected the Hedera Hashgraph for tokenizing any of their funds, such as their $22 billion money market fund. On Tuesday, the value of Hedera’s token (HBAR) surged by more than 100% due to an announcement from the … Read more