A countertrend rally that pushed Bitcoin to $82,800 has done little to change one analyst’s bearish outlook — because he says the bounce itself is proof the pattern is repeating. What The Charts Are Showing Benjamin Cowen, founder and CEO of Into The Cryptoverse, points to a recurring rejection at the 200-day simple moving average…
Tag: digital currency
Washington Moves To Review Crypto Tax Rules With New IRS Study Bill
Kraken sent 56 million tax forms to the Internal Revenue Service last year. Nearly a third covered transactions worth less than a dollar. More than 75% were for trades under $50. Those numbers, cited by the crypto exchange last month, have added weight to a growing call in Congress to rethink how small digital asset…
If You’re Holding XRP, This Pundit Says You Should See This
A crypto analyst is criticizing XRP investors for only holding the cryptocurrency without making proper use of it. The analyst said that the market is now more focused on price action and chart trends than on utility, and on how the XRP Ledger (XRPL) as a blockchain can benefit them. He urges investors not to…
What Solana’s 108% Growth Means For Its Price Outlook
The latest shareholder letter from DeFi Development Corp., a Nasdaq-listed Solana treasury company, shows that its fully converted SOL per share has grown 108% over the past year, rising from 0.0322 on May 13, 2025, to 0.0670 on May 13, 2026. The growth is notable because it came during a difficult period for Solana’s price…
Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank
Campaign founder Yves Bennaim isn’t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said another push could follow. The Swiss direct democracy system requires campaigns to hit a signature threshold within 18 months — his team didn’t make it. A Bold Proposal…
$1.4 Billion Pours Into Crypto — What’s Driving The Surge?
The Crypto Fear & Greed Index climbed above 29 on Monday for the first time since January 29, pulling out of “extreme fear” and settling into plain “fear.” It is a small move on a scale, but in crypto markets, it signals a shift in mood that money tends to follow. Funds Flow Back In…
Crypto Regulation Heats Up As Coinbase CEO Supports CLARITY Act
The Office of the Comptroller of the Currency handed Coinbase a national bank trust charter last week — a major regulatory win that came as the crypto exchange’s CEO was ramping up pressure on Congress to finalize long-stalled digital asset legislation. Armstrong Reverses Course On Clarity Act Brian Armstrong, who pulled Coinbase’s backing from the…
Cardano In Danger Zone? Trader Drops ‘Time Bomb’ Claim
Cardano’s short sellers are taking a beating. Over the past 24 hours, over $500,000 worth of short positions were liquidated as ADA hovered near $0.25 — a price point that one unnamed trader is calling a powder keg ready to blow. Whale Activity Signals Quiet Accumulation Exchange data tells a quiet story of confidence beneath…
Bitcoin ETF Hype Hits Ceiling, Sharp Drop Risk Emerges: Analyst
Gold has quietly outrun Bitcoin by a wide margin — and one Wall Street analyst says that gap tells the real story of where markets are headed. Bitcoin’s ETF Gains Pale Against Gold’s Run Since the launch of US spot Bitcoin exchange-traded funds in early 2024, BlackRock’s iShares Bitcoin Trust helped push Bitcoin’s price up…
South Korea Imposes 5-Minute Audit Rule On Crypto Platforms
Bithumb has pushed its stock market listing past 2028, citing the need to overhaul its accounting systems and internal controls after a high-profile crypto payout error drew scrutiny from South Korean regulators. Regulator Steps In After Industry Audit The Financial Services Commission announced Monday that all crypto exchanges operating in the country must now reconcile…