Thursday, November 21, 2024
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Bitcoin ETF hype returns as ‘aggressive bid’ sends BTC price near $38K

Bitcoin (BTC) took fresh aim at $38,000 into Nov. 23 as an “aggressive bid” dispelled cold feet over Binance’s $4.3 billion fine.BTC/USD 1-hour chart. Source: TradingViewBitcoin analysis: "Something is cooking"Data from Cointelegraph Markets Pro and TradingView showed BTC price strength making a striking comeback to top out at $37,870.A subsequent

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BTC price returns key profit mark to Bitcoin exchange users at $34.7K

Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms.Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.”Bitcoin exchange users claw back bear market lossesBitcoin returned multiple investor

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Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns

Average daily transaction fees on Bitcoin (BTC)  have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network. On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $8.43, according to BitInfoChart data. Bitcoin’s average daily

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Researchers claim Bitcoin experiment generated almost 300% higher returns than hodling

A team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for Bitcoin (BTC) trading.EMH is a controversial theory that the researchers claim contributed to the development of models capable of outperforming the hodl

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Bitcoin ETF excitement returns as BTC price nears $37K

Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise.BTC/USD 1-hour chart. Source: TradingViewU.S. "carrying" Bitcoin upsideData from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $36,000 after the daily close.The pair went on to reach $36,864 on Bitstamp, making its

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How to manage crypto losses on tax returns in the US, UK and Canada

Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to understand how crypto losses are taxed and their potential impact

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