Tuesday, May 7, 2024
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Bitcoin exchanges now own 16% less BTC than the oldest hodlers

Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018, the latest data shows.On-chain analytics firm Glassnode confirms that as of February 2023, exchange reserves are at five-year lows."Wild stat" shows Bitcoin supply maturationThe latest statistics to reflect the determination of Bitcoin hodlers, major exchanges’

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What crypto hodlers should keep in mind as tax season approaches

Filing taxes for cryptocurrency can be a confusing and daunting task for many individuals. The United States Internal Revenue Service (IRS) treats cryptocurrency as property subject to capital gains taxes. Knowing this appears to make filing crypto taxes simple, but crypto’s unique nature means there are many unanswered questions.Accurately reporting

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Bitcoin halts volatility at $23K as BTC hodlers see mass return to profit

Bitcoin (BTC) traded sideways at the Jan. 24 Wall Street open with analysts at a loss over where price would go next.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price holds below key resistanceData from Cointelegraph Markets Pro and TradingView tracked a day of consolidation for BTC/USD, which continued to linger

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Bitcoin price stays near $23K as data shows hodlers not selling BTC

Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar sags as risk assets reject retracementData from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $22,800 at the time of writing.The pair had

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SBF denies stealing FTX assets, SEC charges Gemini and Genesis, and more: Hodler’s Digest: Jan. 8-14

Top Stories This Week Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away.’ In a “pre-mortem overview” of FTX’s bankruptcy, Sam Bankman-Fried denied allegations of improper use of customer funds stored with the crypto exchange, attributing

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Bitcoin hodlers sit on record 8M BTC in unrealized loss, data shows

Bitcoin (BTC) is beating records this Christmas as sub-$17,000 price action sparks unrivaled pain for hodlers.Data from on-chain analytics firm Glassnode shows that both short-term and long-term investors are sitting on more losses than ever before.New or old, Bitcoin hodlers nurse serious lossesSince the FTX meltdown sent crypto markets tumbling,

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