Author: NBTC
Este artículo también está disponible en español. Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance. Ethereum started a decent increase above the $2,350 and $2,420 levels. The price is trading above $2,420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,525 and $2,550 resistance levels to continue higher in the near term. Ethereum Price Aims Higher Ethereum price remained…
More than 185 South Koreans in their 20s own over $750,000 worth of digital assets each, based on data from Upbit and Bithumb. As reported by Maeil Business Newspaper on Oct. 3, South Korean-based crypto exchanges Upbit and Bithumb submitted a “Virtual Asset Holding Status” report to Ahn Do-gul of the Democratic Party of Korea through the Financial Supervisory Service. The report revealed that as many as 3,759 South Koreans held crypto accounts worth more than ₩1 billion won (around $750,000) by the end of 2023. Among them, more than 185 investors in their 20s constituted the third-largest group, each…
Shiba Inu investors holding between 50 million and 250 million tokens will see their investments skyrocket at varying price targets. The broader crypto market has hit a roadblock in recent times amid growing tensions in the Middle East. Bitcoin (BTC) collapsed from a high of $66K and is now struggling to retain the $60K psychological support. This downturn has impacted other crypto assets, including SHIB. Shiba Inu Holders Resilient Amid Downturn During the uptrend recorded in late September, Shiba Inu rebounded to a three-month peak of $0.00002169. However, with the recent correction, the dog-themed token has now slumped 24% to…
Amid uncertain times for the world economy, prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki believes Bitcoin (BTC) is one of the ways to preserve one’s wealth and predicts it will skyrocket in the years to come. Specifically, Kiyosaki said Bitcoin will reach the price of $500,000 in 2025 and then $1 million by 2030 because artificial intelligence (AI) “is going to shake up the world of money,” as he recommended investment banker James Rickards’ upcoming book ‘MoneyGPT,’ in an X post on September 21. MOST IMPORTANT BOOK TODAY: Friend Jim Rickards…
Depending on where you live, any profits you make from crypto gaming might be subject to income or other taxes. In the US, if you live in a state where online gambling is legal, the winnings you withdraw are liable to income tax paid at your appropriate rate. Furthermore, if you withdraw the winnings as crypto, you will be subject to capital gain or loss when you convert the crypto to fiat currency. In some cases, crypto gaming profits might be treated as capital gains, rather than income, which means players will typically pay less tax. In the UK, gambling…
The Shiba Inu ecosystem team publishes a new X post relating to SHIB hitting a new all-time high (ATH). October has not met investors’ expectations of massive rallies across various crypto assets like Shiba Inu (SHIB). This is due to several factors plaguing the financial market over the past few days, with the crypto sector taking up some of the heat. In particular, factors such as growing long liquidations and rising geopolitical tension in the Middle East have dampened investors’ “Uptober” hopes. Shiba Inu’s Performance in October Like the rest of the crypto market, Shiba Inu has witnessed massive downturns…
In 2024, Bitcoin and Ethereum-focused ETFs have surged in investor popularity and have climbed up the top 25 newly launched funds. Following the approval of the first spot Bitcoin ETFs, initial skepticism of the market has worn off. Bitcoin ETFs like iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) lead the category with billions in year-to-date fund flows. Ethereum ETFs have also gained momentum, adding to the growing demand. Bitcoin funds are among the top 25 ETFs Almost 9 months after the first spot Bitcoin ETFs were approved by the SEC, its demand was somewhat underestimated. According…
Dogecoin (DOGE) whales are making an intriguing comeback to the market, per a recently spotted on-chain acquisition move. As spotted by top market analyst Ali Martinez on X, DOGE whales have acquired one billion DOGE in the past 24 hours. Dogecoin whales’ rebirth Considering the current bearish state of the crypto market, it remains intriguing to see sustained interest in a particular crypto project. Since the start of October, the broader digital currency ecosystem plunged into a bearish reversal mode as geopolitical tensions in the Middle East spooked the global financial ecosystem. For October, Dogecoin’s price dropped by 5.89%. However,…
In the ongoing discussion of the market behavior of Bitcoin, an exclusive perspective is getting significant traction. Prominent crypto influencers such as PlanB and drMurlly have debated over the sheer price surges of Bitcoin in the years 2013, 2017, and 2020/21 while debunking the theories labeling those spikes as speculative bubbles. IMPORTANTSome people see 2013,2017 and 2020/21 as bubbles .. that is not correct.Yes, from a pure data/statistical point of view 2013,2017 and 2020/21 seem like outliers .. but they are structural/fundamental periods that explain ALL bitcoin gain!#FractalDistribution #S2F pic.twitter.com/yfADct2Xok — PlanB (@100trillionUSD) September 22, 2024 Crypto Influencers Challenge the…
Nvidia is single-handedly holding the global economy together. Forget oil or traditional industries, Nvidia’s AI chips have become the main engine driving multiple sectors worldwide. The company’s CEO, Jensen Huang, said the demand for their AI chips is “insane.” The NVDA stock has seen a massive surge, closing 1.6% higher on Wednesday and doubling in value this year. Nvidia’s chips are now essential to AI development, making it the dominant supplier in the space. Businesses in all industries are scrambling to build AI systems, and the company finds itself at the center of this rush. NVDA has accounted for 30%…