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Market Wrap: Bitcoin Rallies On After Passing $50K Psychological Level to $52K

Bitcoin broke above $52,000 Wednesday, with a market capitalization nearing $1 trillion.Bitcoin (BTC) trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours.Bitcoin’s 24-hour range: $48,430.80-$52,536.47 (CryptoX 20)BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for

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India Plans Twin Taxes on Exchanges and Traders Before Passing Crypto Bill: Report

India is reportedly planning a short-term boost to its coffers by ensuring the nation’s cryptocurrency space is taxed before bringing in a ban on such assets.The government is likely to impose both personal income tax (IT) and the goods and services tax (GST) on gains from trading cryptocurrencies, according to

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Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey

“Long bitcoin” – a bullish bet on the top cryptocurrency – is now the most crowded trade in financial markets, according to Bank of America’s January survey of fund managers.Published by Reuters on Tuesday, the research is evidence of the growing popularity of bitcoin as an investment asset. Widely touted

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