The cryptocurrency market has witnessed a surge in buying pressure over the past weekend, leading to a significant uptick in price action across the board. Bitcoin, the market leader, has surpassed the $66,000 mark following the highly anticipated Bitcoin Halving event, setting a positive tone for the entire crypto space.
In a recent surge, Chainlink’s (LINK) price has showcased upward momentum, outpacing even the bullish momentum of Bitcoin following its halving event. This surge, propelling LINK up by 20%, has seen it surpass the significant resistance level of $15, firmly positioning itself above key moving averages and signaling a bullish
Even after the latest halving event, Bitcoin skeptic Peter Schiff continues to criticize the cryptocurrency. Schiff draws attention to the problems with Bitcoin that, in his opinion, are the cryptocurrency’s most basic function. The enormous rise in the cost of making a Bitcoin transaction—now at a whopping $128—is his main
The recent trading volatility in the crypto industry is evident from the actions of prominent cryptocurrencies. The spike in cryptocurrency prices post the recently concluded Bitcoin Halving event, however, is evidence that investors praised the event. The market is now experiencing a period of Bitcoin halving euphoria, and investors are
Vitalik Buterin, co-founder of Ethereum, has voiced concerns that the execution of new programs inside Section 702 would impact privacy and the crypto community generally, and has therefore criticized the renewal of Section 702 of the Foreign Intelligence Surveillance Act (FISA). The reintroduction of laws allowing the United States government
A proposed new tax form, Form 1099-DA “Digital Asset Proceeds from Broker Transactions,” for reporting digital asset transaction profits has been made public by the United States Internal Revenue Service (IRS), the nation’s tax agency. The form is anticipated to be implemented in 2025 with reporting scheduled for 2026. Feedback
Jamie Dimon, CEO of JPMorgan, remains a formidable adversary to Bitcoin. According to Dimon, it is not a real currency but rather a swindle. Dimon admitted his skepticism about the veracity and practicality of digital currencies like Bitcoin during a recent interview with Bloomberg TV. He reiterated his belief that
The crypto market has been experiencing a volatile period lately. With top crypto assets experiencing a temporary decline within a week, investors are looking to diversify their portfolios to mitigate risks. Although there are still expectations of bullish momentum after the halving, there are new sets of meme coins taking
As the Bitcoin halving event edges closer, investors are increasingly optimistic of a market summer in Q2. This optimism in the market has triggered a bullish trend for hundreds of tech-based and meme-based projects. Particularly for meme-based projects, their capacity to deliver short-term gains has once again drawn investors. They
Bitcoin and Ethereum will soon be tagged as assets fit for institutional hoarding as ETFs grow their geographical expanse and user base. While Bitcoin, Ethereum, and other blue chips remain the go-to choice, investors always seek tokens that have performed well, have good fundamentals, and have extreme upside potential. The
