Tag: Investors

Astar Makes History, Investors Celebrate 16% Price Hike

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Astar ( ASTR), a parachain on the Polkadot ecosystem, has been making waves recently, not with flamboyant pronouncements, but with solid numbers and genuine growth. Source: Coingecko Astar: A Community Blossoming Astar has made a historic achievement, boasting an impressive 650,000-strong community of ASTR enthusiasts, showcasing its growing appeal within the Web3 space. This isn’t just passive fandom; a staggering 3.4 billion ASTR tokens, over 63% of the circulating supply, are staked within the ecosystem, demonstrating remarkable faith in the network’s future. Astar isn’t chasing fleeting trends; its focus is…

Litecoin price analysis, investors exploring NuggetRush in ongoing presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Litecoin might be undervalued NuggetRush presale in progress NUGX might rally on launch While spot Bitcoin ETFs have not had the desired impact on crypto, BTC briefly rose above $48,000. However, Litecoin (LTC) has yet to benefit. Meanwhile, the ongoing NuggetRush (NUGX) presale is attracting more attention. The project combines memes with utility. NuggetRush is bullish NuggetRush offers a unique blend of gaming utility and meme culture.  As a play-to-earn…

Bitcoin And Ethereum Snagged By Savvy Investors Amid Price Fall

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Recently, cryptocurrency analytics platform Lookonchain reported activities of Bitcoin (BTC) and Ethereum (ETH) whales amid the ongoing market downturn. These whales appear to have been capitalizing on the recent decline in the crypto prices to bolster their holdings. According to Lookonchain, amid the market dip, a newly established wallet withdrew 700 BTC, valued at roughly $29.36 million, from the Binance exchange. These BTCs were purchased at an average price of $41,948 each.It is worth noting that, according to the analyst, such a move during a market downturn demonstrates a bullish sentiment…

Investors may miss out on this key tax loophole if they actively trade a spot bitcoin ETF

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Spot bitcoin ETFs are barely a week old, but tax attorneys and accountants are already warning investors who actively trade the funds the same way they do cryptocurrency itself that they may miss out on a tax saving strategy. Right now, investors who regularly trade cryptocurrency can take advantage of a quirk in the tax code : They can sell losing positions in bitcoin and ether, harvest this realized loss to offset taxable capital gains elsewhere in their portfolio, and then immediately buy back the crypto position on the cheap…

Singapore’s MAS cautions investors against buying spot Bitcoin ETFs

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The Monetary Authority of Singapore has warned retail investors against buying spot Bitcoin ETFs following U.S. approval. The Monetary Authority of Singapore (MAS) has cautioned retail investors in the country against purchasing spot Bitcoin exchange-traded funds (ETFs) following the recent approval of such funds in the U.S. MAS, in response to inquiries from CNA, issued a cautionary statement for individuals considering engaging in the trading of these products in international markets, emphasizing that spot Bitcoin ETFs have not been approved as eligible assets for collective investment schemes (CIS). “Given this,…

Spot Bitcoin ETFs turned down by Thai SEC, investors eye global markets

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Thailand’s SEC has declined to allow trading of spot Bitcoin ETFs, citing that foreign-approved Bitcoin ETFs are still in nascent stages and may not align with the economic needs of the Thai market. The US securities market regulator’s recent approval of 11 Bitcoin exchange-traded funds (ETFs) has not swayed the Thai Securities and Exchange Commission to follow suit. The Thai regulator remains cautious, believing these ETFs, which have gained traction in foreign markets, may not be suitable for the Thai economic landscape at this stage. A report by Bangkok Post…

Bybit: Bitcoin ETF Approval Marks Watershed Moment for Investors

Since the launch of the BTC ETFs last week, the industry has recorded a significant inflow of BTC products compared to other ETFs in the market. Cryptocurrency exchange Bybit said on Tuesday that the recent approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States represents a “watershed moment” for retail investors. On January 10, 2024, the Securities and Exchange Commission (SEC) granted approval to 11 prominent financial companies, including Grayscale Investments, Ark Invest, and BlackRock, enabling them to introduce spot-BTC ETFs to their customers. This…

XRP Investors Become Fearful: Time To Buy?

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Data shows the sentiment around XRP has taken a plunge following the failed attempt at a Bitfinex attack using the “partial payments exploit.” XRP Weighted Sentiment Has Plunged To Negative Levels Recently As explained by the on-chain analytics firm Santiment in a new post on X, the sentiment around XRP has turned negative. The indicator of interest here is the “Weighted Sentiment,” which itself is based on two other metrics: the “Sentiment Balance” and “Social Volume.” The former of these basically keeps track of the sentiment currently present among social…

Toncoin surging, investors exploring altcoin alternative

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Despite a relatively flat 24 hours for crypto, Toncoin has enjoyed a significant run, increasing by 13.28%. Currently, TON is priced at $2.38 with a $8.2 billion market cap. Another altcoin making waves in Bitcoin Minetrix, a newly launched crypto mining token that is gathering momentum as its presale nears $8.5 million. TON pumps as user base expands While the exact catalyst behind Toncoin’s recent pump remains unclear, one…

King Crypto’s Worst Week Has Investors Shivering Near $35,000

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The Bitcoin market is experiencing a period of adjustment following the much-anticipated launch of US spot ETFs last week. After a surge to a two-year high near $49,000, the leading cryptocurrency has pulled back over the past four days, currently trading at $42,588 with a market capitalization of $834 billion. This correction presents an opportunity to assess the underlying dynamics and potential future trajectories of the digital asset. ETF Approval Hype Fades: Markets React The initial excitement surrounding the ETF approval was palpable, fueling a rapid price increase as investors…