No Tax on Digital Profits Turkey’s Finance Minister has announced that the government will not tax profits from stocks and cryptocurrencies. This move aims to encourage investment and growth in the financial markets. Transaction Tax on the Horizon While digital gains will remain untaxed, Turkey is considering a “very limited” transaction tax on crypto assets….
Arrest and Bail Roger Ver, a prominent Bitcoin investor, was arrested in Spain in April and released on bail in May after posting €150,000. He is required to remain in Spain, surrender his passport, and appear in court regularly. Tax Evasion Allegations The US Department of Justice (DOJ) has indicted Ver on charges of mail…
A crypto expert predicts a second wave of the bull market, driven by a potential shift in the Federal Reserve’s interest rate policy. Federal Reserve to Trigger Rally Analyst Inmortal believes the first interest rate cut will ignite the next round of crypto rallies. “Everything will go up again,” he said, emphasizing the importance of…
Bitcoin miners who had been inactive for over a decade have suddenly transferred more than $7 million worth of BTC. Miner Addresses Reactivated Four miner addresses that mined 25 BTC each in 2013 became active again this week. They transferred a total of 100 BTC, which is now worth over $7 million. Bitcoin Price Surge…
Bullish Pattern Emerges Crypto analysts at Glassnode believe Ethereum (ETH) is showing signs of a bullish breakout, which could lead to a surge in altcoins. The ETH/BTC trading pair suggests a reversal pattern, indicating potential gains for altcoins in June, a month historically favorable for them. Altcoins on the Rise Despite Ethereum’s recent price fluctuations,…
On-chain analyst Checkmate is predicting a major price move for Bitcoin (BTC) after months of consolidation. Declining Sell-Side Risk Checkmate analyzed the sell-side risk ratio for short-term holders (those holding BTC for less than 155 days) and found it rapidly declining. This indicates that sellers are losing their leverage. Bond Market Watch Checkmate is also…
Outperforming Assets Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets like gold and stocks. Bitcoin has seen a 141% annualized return, Ethereum 152%, and Solana a whopping 224%. Comparison to Traditional Assets The best-performing traditional asset, NDX, has only managed an annualized return of 17%. Cryptocurrencies have been the top-performing assets in 11…
Inflows Drive Rally Bitcoin has surged 2.9% in the past 24 hours, hitting a high of $71,166. This rally is largely attributed to strong inflows into US spot Bitcoin ETFs. These ETFs have seen a record 16 consecutive days of net inflows, with yesterday alone seeing $886.6 million flowing in. Fidelity led the way with…
Banking Crisis Boosts Bitcoin Bitcoin, the digital currency, is making waves as the US banking system faces challenges. Some believe Bitcoin will skyrocket in value, while others remain cautious. Bitcoin: A Safe Haven? Bitcoin supporters argue that it’s a stable investment in uncertain times. Unlike traditional investments tied to banks, Bitcoin has a limited supply…
Breaking the Barrier Bitcoin has broken through the $70,000 resistance level, signaling a potential surge in its value. Analyst YG Crypto emphasizes that maintaining this level is essential for the cryptocurrency to regain its bullish momentum. Significance of the $70,000 Mark Overcoming this resistance level could trigger significant price swings. It coincides with renewed interest…
