Bitcoin

President Joe Biden is proposing to hike capital gains tax by nearly 50% from current levels for … [+] those with $1 million or more in income from wages and investment. The rich won’t be able to hide it in Bitcoin. Then again, neither can the rest of us. KMR Images Frustrated that savvy rich people will hide from the White House’s newly proposed tax hikes last week and sock it away into Bitcoin? Don’t worry. They can’t. And neither can the rest of us. If you’re selling… Source link

Blackouts in China and a leverage wipeout took a toll on Bitcoin two weeks ago, but the Godfather of … [+] crypto recovered well last week. This week, more of the same is expected. BTC $60,000 here we come. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images If you didn’t know Bitcoin was highly volatile, you probably do now. The grandfather of cryptocurrencies can drop $10,000 in value in 48 hours. The most… Source link

Bitcoin has beaten the stock market, but you might be shocked by how much. It’s been a wild ride for Bitcoin throughout its 11-year history, and that’s been especially true over the past year. Not only did the COVID-19 pandemic drive Bitcoin’s price lower initially, but it also seems to have helped accelerate investor interest in the leading cryptocurrency. Here’s a look at how Bitcoin has performed for investors over the past year and what has driven its performance. The short answer I won’t… Source link

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Bitcoin has exploded this year, with long-awaited institutional adoption being bolstered by retail investors pouring cash into all manner of cryptocurrencies (some looking like better bets than others). The bitcoin price has soared as millions of potential bitcoin buyers get access to bitcoin markets via the likes of PayPal, Robinhood, Square’s Cash App and Revolut. Now, as PayPal and Robinhood continue to prevent bitcoin bought on their platforms from being moved elsewhere, a leaked… Source link

Topline Berkshire Hathaway Vice Chairman Charlie Munger railed against bitcoin in Berkshire’s annual meeting Saturday, calling the cryptocurrency — which Munger and longtime partner Warren Buffett have excoriated for years — “disgusting and contrary to the interests of civilization.”  Berkshire Hathaway CEO Warren Buffett and vice chairman Charlie Munger attend an annual shareholders … [+] meeting in Omaha, Nebraska on May 3, 2019. AFP via Getty Images Key Facts … Source link

Ethereum, or ether for short, hit a new record high Saturday of just over $2,900. Ether prices have nearly quadrupled in 2021, soaring 290%. Bitcoin has had a great run too this year, doubling in value. The total value of all Ethereum in circulation is now about $333 billion, according to CoinMarketCap. Bitcoin’s (XBT) market value is nearly $1.1 trillion. Bitcoin has soared this year in part due to increased adoption from corporate America. Musk’s Tesla (TSLA) and software firm MicroStrategy… Source link

Bitcoin has suddenly shot higher, climbing after the expiration of $4.2 billion worth of bitcoin options contracts—allowing investors to buy or sell bitcoin at a specified price within a set time period—sent shockwaves through the crypto market. The bitcoin price, still on track to end April down, jumped around 5% after the options expiry, climbing to just over $57,000 per bitcoin before falling back—though “joke” cryptocurrency dogecoin has left bitcoin in the dust this week. … Source link

When the price of bitcoin declines, it’s common to see the terms “crash” and “correction” used more or less interchangeably. However, the two words actually mean different things. Bitcoin crash A crash is widely regarded in traditional finance as an over-10% drop in price over the course of a single day. These are often fueled by impactful, sudden changes in the crypto market that cause panicked investors to exit en masse.  While technical factors can have dramatic effects on… Source link

During a continued divergence in the crypto markets, where ether posted new all-time highs while bitcoin wallowed at levels almost $10,000 below its peak, the politics and buzz around both continue to spur thought and debate.  In the spirit of that, this week’s newsletter dives into Iran’s ostensibly pro-bitcoin strategy and shows how it contravenes the level playing field values on which bitcoin is built. It also looks at the explosion in non-fungible token (NFT) sales and offers a… Source link