Day: December 3, 2024

Bitcoin Price Supported By All-Stablecoins Cash Inflow – Data Reveals Strong Correlation

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Este artículo también está disponible en español. Bitcoin has entered a period of calm after a turbulent decline from $99,000 to $90,000 over just three days. Currently trading above $95,000, the leading cryptocurrency holds a pivotal level that will likely dictate its next move. This key zone will determine whether Bitcoin regains upward momentum or seeks lower-level liquidity to establish stronger support. Related Reading Despite the recent volatility, market participants remain optimistic, as on-chain data provides fresh insights. According to CryptoQuant, a notable uptick in stablecoin transfer volumes has coincided…

Virgin Voyages now accepting Bitcoin for cruise bookings

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Virgin Voyages has begun accepting Bitcoin as payment for cruise bookings.  This marks the first time the cruise line, founded by Sir Richard Branson, has adopted cryptocurrency. Passengers can now use Bitcoin to pay for trips across Virgin’s fleet. Per its website, the company’s “Annual Pass can also be purchased using Bitcoin (BTC). As an industry-first innovation, Virgin Voyages’ Annual Pass will be the first cruise product to accept a cryptocurrency payment option.” Crypto travel Virgin Voyages’ adoption of Bitcoin reflects a growing trend in the travel and hospitality industries.…

Bitcoin exchange holdings decline to multi-year low: report

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Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin (BTC) from leading crypto exchanges since Donald Trump’s victory in the U.S. presidential election. Mass withdrawals shorten the supply available for sell-offs, often signaling a long-term investment plan adopted by holders. While data showed staggering Bitcoin exchange outflows after President Trump’s victory, the trend extends back to 2021. Bitcoin exchange reserves steadily dwindled since crypto’s previous peak, marking…

Coinbase, Binance Among 16 Crypto Exchange Websites Blocked by Cambodia

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France proposing tax on unrealized Bitcoin gains

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French lawmakers are debating a tax on unrealized capital gains for cryptocurrencies, potentially altering how assets like Bitcoin are taxed.  The proposal would categorize cryptocurrencies like Bitcoin (BTC) as “non-productive property,” alongside dormant real estate and luxury items such as yachts. This classification would place them under a proposed “unproductive wealth tax,” replacing the current real estate wealth tax The idea, introduced during the French Senate’s debate on the 2025 budget, suggests taxing increases in cryptocurrency value even if the assets haven’t been sold. This represents a departure from the…

Analyst Maps Out 2,400% Rally Ahead

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin (BTC) Crashes 33% In South Korea Amid Political Turmoil

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Este artículo también está disponible en español. Bitcoin (BTC) has seen a violent drop in South Korean exchanges amid the growing political crisis in the country. Following a recent announcement by the country’s President, the flagship crypto and other crypto assets saw a brief sell-off that plunged their prices by over 30%. Related Reading South Korea Declares First Martial Law In 44 Years On Tuesday night, South Korean President Yoon Suk Yeol declared an “emergency martial law” for the first time in 44 years, causing panic among Koreans and kickstarting a…

Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout

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Este artículo también está disponible en español. Cardano could be the next to surge after XRP, as the ADA price shows signs of an imminent market recovery. A crypto analyst has projected that the ADA price could experience an epic breakout to $4.88 this bull cycle. The analyst has grounded his bullish prediction on the Cardano price action, providing insights into its potential future movements based on technical analysis and current market conditions. ADA Price Set Sights On $4.88 Alan Santana, a prominent TradingView analyst, has released a report declaring…