[ad_1] Bitcoin price started a decent increase above the $70,500 resistance. BTC is showing positive signs and might gain bullish momentum above the $72,000 resistance in the near term. Bitcoin extended its increase above the $70,000 and $70,500 resistance levels. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $70,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $72,000 level. Bitcoin Price Regains Strength Bitcoin price remained stable above the…
Author: dfrancis36
[ad_1] In a notable announcement, Turkey’s Treasury and Finance Minister Mehmet Simsek has clarified that the government does not plan to impose taxes on profits derived from “stocks and cryptocurrencies.” This decision reflects a broader strategy to “foster” investment and growth in financial markets in the region without the burden of direct taxation on gains. Tax Strategies And Crypto Regulatory Innovations In Turkey’s Financial Markets While Turkey has disclosed its no tax plan for digital gains, the government is reported to be still exploring the implementation of a “very limited” transaction tax on these assets, the specifics of which have…
[ad_1] Bitcoin’s price has risen roughly 2% in the past 24 hours, trending above $70,000, a psychological level. As bulls prepare for more gains, Willy Woo, an on-chain analyst, believes the coin could soar even higher after breaking above the all-important resistance level at $72,000. Will Bitcoin Soar To $75,000 Due To A Short Squeeze? Even after the spike on May 20 lifted the coin above $66,000 after days of lower lows, taking Bitcoin to $56,500, bulls didn’t follow through. As things stand now, Bitcoin is within a broader range, capped at $72,000, the first local support, and $73,800, the…
[ad_1] In a significant legal development, Roger Ver, an early investor in Bitcoin, who has been indicted by the US Department of Justice (DOJ) on multiple charges, including mail fraud and tax evasion, has been released on bail by a Spanish court amid extradition requests from US authorities. Tax Evasion In Connection With Bitcoin Fortune According to a Bloomberg report, Ver’s arrest in late April in Spain led to his release on May 17, after posting €150,000 ($163,000) in bail. However, he was required to surrender his passport, remain in Spain, and appear in court every two days. The prosecutor’s…
[ad_1] In a market witnessing a strong bullish momentum with several cryptos reaching new all-time highs and experiencing price recoveries, the XRP price has remained in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430. However, recent positive developments and announcements surrounding Ripple, the blockchain payment company associated with XRP, coupled with an intriguing bullish pattern, have sparked speculation of a potential massive uptrend for the XRP price. Ripple Expands With Clear Junction Partnership Ripple recently revealed its partnership with Clear Junction, a global provider of…
[ad_1] A lead developer of the doggy-themed meme coin, Shiba Inu has issued a critical warning to SHIB community members about an ongoing scam attack involving one of SHIB’s native tokens, TREAT. Scam Attackers Launch Fake TREAT Token On June 2, a Shiba Inu member identified as ‘Digarch’ shared a screenshot of a scam alert issued by Shiba Inu’s lead developer, DaVinci, on X (formerly Twitter). Alongside this alert, Digarch released a stern warning, urging the SHIB Army to exercise extreme caution during this volatile period. The screenshot released by Digarch originated from SHIB’S official discord account, a platform regularly…
[ad_1] A widely followed crypto analyst believes one top-10 altcoin by market capitalization could soon hit new all-time highs (ATHs). Pseudonymous crypto trader Altcoin Sherpa tells his 216,700 followers on the social media platform X that BNB, the native token of the BNB Chain, continues to have a strong market structure. “BNB: slow and steady wins the race. This thing goes to ATH shortly. Wish I still had a bag of it, sold it during the bear market. Hard times then.” Source: Altcoin Sherpa/X Looking at his daily chart, the trader suggests that BNB is about to flip the upper…
[ad_1] As Bitcoin teeters close to its previous peak, discussions about its next big price targets have reignited. Among the voices contributing to this conversation is Samson Mow, the CEO of Jan3 and a prominent Bitcoin advocate. Recently, on X (formerly Twitter), Mow expressed his belief in Bitcoin’s imminent rise to $100,000, a milestone he sees as a stepping stone toward an eventual value of $1 million. His forecast is based on events triggered by breaking past the all-time high of $73,750 in March. Related Reading Critical Factors To Drive Bitcoin Price To $100k Target Mow outlines a cause-and-effect scenario…
[ad_1] As a result of its ongoing crackdown on the nascent crypto industry and mounting unfavorable results in its cases against digital asset platforms, the US Securities and Exchange Commission (SEC) has announced the impending closure of its regional office in Salt Lake City, citing “significant attrition.” The Salt Lake City office is the SEC’s sole regional outpost, and its enforcement authority is limited to a single state. Utah’s jurisdiction will now be transferred to the SEC’s Denver office while the regulator affirms its commitment to keeping other regional offices open. SEC’s Loss In Debt Box Crypto Case According to…
[ad_1] Dogecoin is one of the cryptocurrencies getting a lot of interest from analysts recently. With meme coins expected to outperform once again during this bull cycle, crypto analyst Crypto Kinfolk has pointed out where the Dogecoin price could end up as this bull cycle manifests. Dogecoin Enters Expansion Stage In an analysis posted on the TradingView platform, crypto analyst Crypto Kinfolk laid out a possible scenario that could see the Dogecoin price soar from here. Starting out with a brief history, the crypto analyst highlighted how far the meme coin has come since being created back in 2013 as…