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Bitcoinsensus
1d
310
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Italy Lowers Proposed Crypto Tax Hike to 28%
- Italy is considering a 28% tax on crypto gains, lower than the initially proposed 42%
- The decision aligns with recent U.S. election outcomes that favor digital assets
- Economic Minister Giancarlo Giorgetti supported the tax increase in October, though plans have since shifted
- The shift to a 28% tax rate could be influenced by the recent growth in the crypto market and global trends
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Bitcoinist
1d
212
Image Credit: Bitcoinist
Crypto Sees $1 Billion Flush As Bitcoin Goes Through ATH Rollercoaster
- Bitcoin has experienced significant volatility in the past 24 hours, reaching an all-time high close to $90,000 before dropping to $85,000.
- The cryptocurrency derivatives market has seen approximately $973 million in liquidations in the last day, with $580 million in long positions and $393 million in short positions.
- Despite the overall increase in prices, more investors betting on a bullish outcome were liquidated, indicating that many entered bullish positions after Bitcoin's recent high.
- Among the individual symbols, Bitcoin accounted for over $270 million of the liquidations, while Dogecoin surpassed Ethereum in terms of liquidation amounts.
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Blockonomi
1d
356
Image Credit: Blockonomi
“Buy Everything”: Wall Street Giant Goes All-In on Bitcoin
- Bitcoin hits new all-time high of $89.6k
- Bernstein Research advises investors to “buy everything you can” in crypto
- Bitcoin becomes 8th largest asset globally, surpassing silver with $1.76T market cap
- Analysts predict Bitcoin could reach $125k by New Year’s and $200k by 2025
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Altcoinbuzz
1d
288
Italy Lowers Proposed Crypto Tax to 28%
- Italy has decided to lower its proposed crypto tax rate from 42% to 28%.
- This change is seen as a positive step towards embracing digital assets like Bitcoin and Ethereum.
- The reduced tax rate makes Italy more attractive for crypto trading and investment.
- The decision shows the government's willingness to support the growth of the crypto market in the country.
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Blockonomi
1d
106
Image Credit: Blockonomi
BTC Reaches Historic $90,000 Mark: Technical Analysis and Market Outlook
- Bitcoin reaches a new all-time high of $90,100 on Coinbase, following the U.S. presidential election.
- Bitcoin is consolidating around the $87,000-$88,000 range with strong support at $85,200.
- Resistance levels exist at $89,200 and $90,000, with a potential consolidation zone of $90,000-$100,000.
- The recent surge in Bitcoin's price attracts institutional and retail investor confidence in the digital asset space.
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Coinpedia
1d
91
Image Credit: Coinpedia
When Altcoin Season Will Finally Start: What to Expect After Bitcoin Peaks?
- The current Bitcoin cycle aligns well with its previous cycles, currently in the third phase.
- The Bitcoin market is predicted to reach its peak in Q2 or Q3 of 2025.
- Altcoin rally is expected to begin after a breakdown in Bitcoin dominance.
- The current macroeconomic scenario is favorable for the growth of the crypto market.
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Altcoinbuzz
1d
170
Coinbase Unveils COIN50 Index for Crypto Tracking
- Coinbase has introduced the COIN50 Index, which allows users to track the performance of the top 50 digital assets.
- The COIN50 Index includes digital assets listed on Coinbase that meet high standards for legal, security, and compliance.
- The index is available for institutional users and those with a Coinbase Advanced account, offering a new way to trade the index.
- The COIN50 Index simplifies tracking the performance of important cryptocurrencies and helps investors stay updated.
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NullTX
1d
311
Image Credit: NullTX
Bitcoin Surges To All-Time Highs: Traders Speculate $100K Milestone As Momentum Builds
- Bitcoin is surging towards a potential $100K milestone as traders speculate on its valuation.
- The recent rally is fueled by strong spot demand and significant institutional investment.
- Over 95% of Bitcoin's circulating supply is currently in profit.
- Market indicators suggest further gains as Bitcoin reaches all-time highs.
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Coinpedia
1d
174
Image Credit: Coinpedia
Why Bitcoin Price Can Hit $100K By December?
- Former President Donald Trump suggests the U.S. could consider a national Bitcoin reserve, sparking debates on its role as a 'digital gold' for economic stability.
- Increased demand from potential U.S. government Bitcoin holdings could drive up prices, supported by pro-crypto legislation in Congress.
- With regulatory shifts and big investors like BlackRock treating Bitcoin as a reserve asset, Bitcoin could become integral to U.S. economic strategy by 2025.
- Bitcoin's recent price surge is a response to political and regulatory shifts, and if recognized as a reserve asset, it could transform digital assets' role in national economic planning.
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NullTX
1d
72
Image Credit: NullTX
Solv Protocol: The Largest Decentralized Bitcoin Reserve With High-Yield DeFi Opportunities
- Solv Protocol has become the largest decentralized Bitcoin reserve with over 25,000 BTC in deposits.
- The platform offers high-yield DeFi opportunities and additional yields from multiple blockchains.
- Users can earn BTC-based APY by minting SolvBTC and access a universal Bitcoin reserve transferable across chains.
- Solv's high-yield BTC Liquid Staking Tokens (LSTs) and DeFi strategies allow users to maximize their returns.
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Crypto-News-Flash
1d
37
Image Credit: Crypto-News-Flash
Why Bitcoin Is Becoming the New Digital Gold Standard
- Bitcoin is progressively being considered as the new 'digital gold' as capital shifts from traditional safe-haven assets.
- Bitcoin's market capitalization has surged to $1.73 trillion, contributing to its growing attractiveness as a hedge asset.
- If even 1% of the capital invested in gold migrates to Bitcoin, it could drive Bitcoin's value to approximately $97,000.
- Investors are showing interest in far-out strike prices at $110,000 and $120,000, indicating a demand for margin positions and leverage in Bitcoin options.
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Altcoinbuzz
1d
273
Genius Group Bets Big on Bitcoin
- Genius Group is implementing a 'Bitcoin-first' treasury strategy by holding most of its savings in Bitcoin.
- The company plans to commit 90% or more of its money reserves to Bitcoin, making it the company’s main asset in the bank.
- Genius Group believes that Bitcoin's long-term growth will help protect and grow its savings.
- In addition, the company aims to expand the use of Bitcoin in its business, allowing Bitcoin payments for its online education platform.
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Zycrypto
1d
364
Image Credit: Zycrypto
‘I Told You So’ — Nayib Bukele Gloats As El Salvador’s Bitcoin Bet Reaps $108 Million Profit
- El Salvador's decision to make Bitcoin legal tender has resulted in a $108 million profit.
- The country has been dollar-cost-averaging into Bitcoin since 2021 and currently holds 5,932 BTC worth $526 million.
- Despite initial criticism from skeptics and warnings from the IMF, President Bukele's Bitcoin gamble proved profitable.
- While adoption among Salvadorans has been sluggish, crypto enthusiasts expect other countries to follow El Salvador's lead.
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21 Likes
Blockonomi
1d
11
Image Credit: Blockonomi
Bitcoin (BTC) Trading Update: From Current $88K to Potential $327K
- Bitcoin's price movement has captured market attention as veteran trader Peter Brandt outlines two potential price trajectories, with the most optimistic scenario pointing to $327,000.
- Bitcoin currently trades at $87,540, showing a 2% decline in recent hours after approaching the $90,000 mark.
- Trading volume has dropped 14% to $119 billion in the past 24 hours as traders await crucial U.S. Consumer Price Index (CPI) data.
- Long-term Bitcoin holders maintain their positions, indicating confidence in Bitcoin's longer-term prospects.
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