Month: January 2025

Cardano Soars Past $1, Bucking The Broader Market Trend

boss

Este artículo también está disponible en español. In a notable show of strength amid an otherwise subdued market, Cardano (ADA) has climbed above the psychologically significant $1 mark today, January 3. Over the past 24 hours, ADA has surged by more than 11%, outpacing the mostly flat performances of other top cryptocurrencies, including Bitcoin. Within the top 100 assets by market capitalization, only Murad-memecoin SPX6900 (SPX) has registered a higher 24-hour gain, rising 30%. Over the last seven days, ADA is up approximately 20%. Although the jump appears to have…

Red alert for Bitcoin price as 30-year Treasury yield forms risky pattern

boss

The long-running Bitcoin price bull run faces a major risk as U.S. Treasury yields climb to their highest levels in months. Bitcoin (BTC) has enjoyed a strong rally over the past few years, surging from its 2022 lows to a record high of $108,000 in December. The cryptocurrency has benefited from multiple tailwinds, including rising ETF inflows, which now total over $35 billion. Companies like Semler Scientific, MicroStrategy, and Marathon have continued accumulating more Bitcoin. At the same time, Bitcoin’s mining difficulty and hash rate have reached record highs. Balances…

US ‘likely’ to buy 300k to 400k Bitcoin in 2025: deVere Group CEO

boss

The United States could acquire up to 400,000 Bitcoins in 2025, according to Nigel Green, CEO of deVere Group.  Green, known for his bullish crypto predictions, believes this Strategic Bitcoin Reserve would cement Bitcoin (BTC) as a cornerstone of U.S. financial policy and drive an unprecedented bull market, according to a note shared with crypto.news. Green’s forecast follows Senator Cynthia Lummis’ Bitcoin Act of 2024, which proposes acquiring one million Bitcoins over five years. While political negotiations may scale back the initial target, Green says it is “likely” the govenment…

IRS Postpones Implementation of New Tax Rules for Crypto Asset Holders Interacting With Centralized Exchanges

boss

The Internal Revenue Service (IRS) is suspending the implementation of new tax rules that will affect investors who hold crypto assets in centralized exchanges. On July 9th, 2024, the Treasury Department and the IRS published the final rules for determining the order of selling crypto assets held in centralized finance (CeFi) platforms. Investors should choose an accounting method such as the Highest-In, First-Out (HIFO) or the Specific Identification (Spec ID) if their assets are held with a CeFi broker. Otherwise, the First-In, First-Out (FIFO) applies, which means that the earliest…

Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First

boss

Este artículo también está disponible en español. Crypto analyst Swallow has predicted that the Dogecoin price could soon rally to $0.48. The analyst also revealed what needs to happen first before the foremost meme coin can enjoy this bullish reversal.  Dogecoin Price To Reach $0.48 But This Must Happen In a TradingView post, Swallow predicted that the Dogecoin price could rally to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), where a rejection is likely to happen. The analyst added that there needs to…

XRP Shakes up Crypto Rankings: Third-Largest Market Cap Reclaimed

The digital asset XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, displacing the stablecoin tether (USDT). XRP Surpasses USDT’s Market Cap in 2025’s Early Rally As of Friday, Jan. 3, 2025, XRP has climbed back to third place in valuation, trailing only bitcoin (BTC) and ethereum (ETH). At 11 a.m. Eastern […] Source CryptoX Portal

Bitcoin Poised For $150K, Research Signals Massive Growth

boss

Este artículo también está disponible en español. Steno Research predicts a fantastic year for cryptocurrencies in 2025, with Bitcoin seen to reach $150,000 and Ethereum potentially hitting an $8,000 value. Related Reading This projection isn’t just speculative; Steno’s analysis cites a number of positive economic variables, rising institutional interest, and the growing presence of cryptocurrency ETFs. However, the question remains: can these digital assets genuinely reach such amazing milestones? The Crypto ETF Boom: A Game Changer? Bitcoin and Ethereum exchange-traded funds (ETFs) are likely to play a significant role. Bitcoin,…