A widely-followed crypto strategist and trader is looking at four altcoins that he believes are gearing up for massive moves. In a new tweet, the analyst known in the industry as Smart Contracter tells his 121,900 followers that he’s closely watching the lower timeframe price action in Ethereum. According to the trader, the ETH/BTC pair is almost ready to break out and launch the next phase of its bull rally. “10 days of ETH/BTC reaccumulation. When this… Source link

Ethereum Ethereum fell by 0.58% on Monday. Partially reversing a 0.82% gain from Sunday, Ethereum ended the day at $2,138.03. A mixed start to the day saw Ethereum rise to a mid-morning intraday high and a new swing hi $2,199.11 before hitting reverse. Ethereum broke through the first major resistance level at $2,172 and the second major resistance level at $2,193. Coming up against resistance at $2,200, Ethereum slid to a late afternoon intraday low $2,102.55. The reversal saw Ethereum fall… Source link

The Briefing Today, the top 1% of U.S. households own 31.2% of total wealth Data going back over 200 years suggests that wealth inequality in both the U.S. and Europe reached its peak in the early 1900s What The Data Says About Wealth Inequality Wealth inequality has gone through peaks and troughs throughout history. Most recently, in the decade between 2010 and 2020, the top 1% of U.S. households’ portion of wealth has gone from 28.6% to 31.2%. However, when expressed in raw… Source link

Virtual currencies are taxed as property, or as an investment, when you sell them. And using them to buy something counts as selling. If you’re paid in bitcoin, for instance, that will be treated as taxable income to you. That means almost every transaction may be taxable and should be reported. While bitcoin and other cryptocurrencies may be virtual, they have very real-world tax consequences. If you fail to pay the tax you owe, you will be subject to interest and penalties and, in some… Source link

Bitcoin has more than doubled this year, and it represents just over half of the overall cryptocurrency market’s value of nearly $2.1 trillion. That’s only slightly less than the market value of Apple (AAPL). Coinbase’s debut, set for Wednesday, could be a catalyst for the recent bitcoin and broader crypto surge. Coinbase is profitable and has reported strong revenue growth, and that could further help validate crypto buying and selling as a business. Based on recent private stock trades for… Source link

Bloomberg Billionaire Saudi Family Breaks Mold on Kingdom’s Secrecy (Bloomberg) — For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.As the October public offering of BinDawood Holding Co. got underway, details emerged of some $76 million in previously undisclosed loans made… Source link

Bitcoin has shot toward its all-time high of almost $62,000 per bitcoin over the weekend as the cryptocurrency market gears up for Coinbase to go public. The bitcoin price has added over 5% during the last few days as the wider crypto market and smaller tokens record bigger gains—pushing the combined value of the world’s cryptocurrencies to well over $2 trillion. With San Francisco-based bitcoin and cryptocurrency Coinbase eyeing a valuation that could top $90 billion when it lists… Source link

Bitcoin (BTC) is back with a vengeance this week as a new day’s trading gets underway with a fresh attack on $60,000. After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish — but what could shape price action in the short term? Cointelegraph presents five factors to keep an eye on for Bitcoin traders as the market inches closer to historic all-time highs. Stocks reflect coronavirus mayhem The macro picture is a tale of two coronavirus moods this… Source link

Ethereum Ethereum rose by 0.82% on Sunday. Following on from a 3.22% gain from Saturday, Ethereum ended the week up by 3.58% to $2150.54. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,112.58 before making a move. Steering clear of the first major support level at $2,062, Ethereum rose to a late intraday high $2,163.18. Falling short of the first major resistance level at $2,200, Ethereum eased back to end the day at $2,150 levels. At the time of writing, Ethereum was… Source link

The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage and highlighted two important macro narratives that investors should keep an eye on, not just for their potential impact on crypto returns. Here’s one extract from his comments: “I do wonder whether bitcoin should be thought of as a Chinese… Source link