Tags : Gains

Cryptocurrency

Dogecoin is one of the top-performers in Q1 2021 that’s

The first three months of the year were quite eventful for the cryptocurrency industry. While the central banks’ money printers went “brrr,” trust eroded in the global financial system. The exodus of institutional and retail investors from the traditional markets flooded the crypto space as many looked to hedge against inflation.  One of the cryptocurrencies […]Read More

Bitcoin

Bitcoin Falls to $53,000 as Wall Street Gains Hurt Appeal;

Bitcoin fell towards $53,000 on Tuesday as US stocks rallied, breaking away its tradition of tailing riskier assets even as bond yields and the US dollar dipped. The benchmark cryptocurrency was down 1.13 percent to $53,500 per token ahead of the L0ndon opening bell. Bitcoin futures on the Chicago Mercantile Exchange dropped by more than […]Read More

Regulation

U.K. tax authorities freeze capital gains tax signaling short term

U.K. crypto investors braced themselves for significant changes in the treatment of Capital Gains Tax (CGT). But these fears were ill-founded as Chancellor Rishi Sunak delivered his budget just after noon today. The government opted to freeze thresholds for Income Tax, Inheritance Tax, Pensions Allowance, VAT registration, and Capital Gains Tax. While this is welcome […]Read More

Bitcoin

Bitcoin Gains on Fed’s Infinite QE, Johnson and Johnson Vaccine

Bitcoin reversed earlier losses after Jerome Powell, the Federal Reserve chairman, reiterated the central bank’s tendency to stick with its infinite quantitative easing policies during the second day of his testimony to Congress. The benchmark cryptocurrency ended Wednesday 1.71 percent higher to $49,737.82, having fallen by up to almost 22 percent in the previous two […]Read More

Market

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes

Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000.  At press time, bitcoin’s price is above 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians.  “On the hourly time […]Read More

Market

After Breaching $50K, Bitcoin Gives Up Earlier Gains

Bitcoin’s price saw a retracement of its earlier gains on Tuesday, but the market expects that it will soon resume its long-term bullish trend and push fresh new all-time highs. For a brief moment during early New York trading hours, bitcoin broke above $50,000 for the first time ever. However, at press time bitcoin’s price […]Read More