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The US Treasury Department and the IRS just finalized new rules for reporting crypto transactions on decentralized finance (DeFi) platforms, and the crypto world is not happy. New Rules, Same Taxes While the new rules don’t introduce any new crypto taxes, they require DeFi brokers to report the total value of cryptocurrency sales. This mirrors…
Bitcoin’s price has been stuck in a rut lately. Despite some upward blips, it hasn’t been able to break through the $100,000 resistance level. This is a bit of a surprise, given earlier optimistic predictions. So, what’s next? Elliott Wave Theory Predictions Analysts are using the Elliott Wave Theory – which basically says market movements…
Despite Bitcoin’s recent price drop to around $94,000, the overall crypto market seems pretty chill. Let’s dive into why. Bitcoin’s Rollercoaster Ride 2024 has been a wild ride for crypto, with many coins hitting multi-year highs. Bitcoin led the charge, even surpassing $100,000 for the first time in early December. However, after reaching a peak…
Robert Kiyosaki, the “Rich Dad Poor Dad” author, boldly predicts Bitcoin will hit $350,000 by 2025. He points to Bitcoin’s impressive growth this year as evidence. But is this prediction realistic? Let’s dive in. Institutional Involvement: A Double-Edged Sword? Big players like BlackRock are entering the crypto game, giving Bitcoin more legitimacy. However, BlackRock recently…
Shiba Inu (SHIB) is showing some serious staying power. Even with the crypto market being all over the place, SHIB is hanging tough above $0.00002045. This is a big deal. A Strong Support Level That $0.00002045 price point has become a really important support level for SHIB. The fact that it’s staying above it shows…
Dogecoin’s price has been sliding for the past couple of weeks, hovering just above $0.31. But there’s a glimmer of hope, according to some analysts. RSI Indicator Suggests Potential Upturn Crypto analyst KrissPax noticed something interesting: Dogecoin’s Relative Strength Index (RSI) on the weekly chart hit 59. This is a key technical indicator. Remember, the…
Galaxy Research is predicting big things for Dogecoin (DOGE) in 2025 – a price of $1! This bold prediction has the crypto world buzzing. A $100 Billion Market Cap? If this prediction comes true, DOGE’s market cap would soar to a whopping $100 billion. That’s more than double its current value! Galaxy Research points to…
A crypto analyst, Xanrox, is predicting a Bitcoin price surge, but with a crucial sell point. Let’s break down his forecast. The Big Bitcoin Prediction Xanrox, using Elliott Wave Theory and Fibonacci extensions, thinks Bitcoin will hit its peak between $115,000 and $125,000 sometime in 2025. He sees this as the absolute top of the…
Crypto analyst Jason Pizzino weighs in on when Bitcoin (BTC) might hit a new all-time high. He’s predicting a wait, but not an overly long one. A Wait, But Not Too Long Pizzino, who boasts a large YouTube following, believes Bitcoin will remain below its record high of around $108,200 for a while longer. He…
The IRS is sending out a big chunk of change – $2.4 billion – to about a million Americans who missed out on coronavirus stimulus money. Who’s Getting the Money? This money is for people who were eligible for the Recovery Rebate Credit on their 2021 taxes but didn’t claim it. Some will get up…
