Author: finance
Taking a plunge into the current cryptocurrency legislature in Ukraine, recent discussions among lawmakers have shed a light on the ongoing debate regarding cryptocurrency taxation. As Ukraine accelerates its efforts to legalize digital assets within the country, the prospective bill might see a delay due to the ongoing considerations for lower tax rates on crypto income. Extended Timeline Predicted for Legalization of Cryptocurrency in Ukraine In a recently conducted interview, Taras Kozak, a key player within Ukraine’s securities regulator advisory group, expressed contrasting viewpoints with Danylo Hetmantsev, the committee head for Finance, Tax, and Customs Policy at the Verkhovna Rada.…
In the realm of cryptocurrency, Ethereum (ETH), the second-largest player by market capitalization, recently witnessed a significant drop in value to a new low of $2,076 for the year. This decrease has stoked concerns around Ethereum’s stability and raised questions about the potential for further losses, particularly if the cryptocurrency plunges below the pivotal $2,000 mark. The Ethereum Downtrend: A 12-Month Perspective CoinGecko’s data reveals that the value of Ethereum has shrunk by an estimated 28% over the last thirty days, with its trading price now hovering around $2,200. Since December 2024, Ethereum has seen a staggering depletion of over…
In the wake of late February 2025’s cryptocurrency market turmoil, Bitcoin (BTC) experienced a significant drop, sinking to $81,386. It marked the lowest point for BTC since November 2024, casting aside a brief period when it fell below $80,000 momentarily. Current Marketplace Dynamics and BTC This turbulent period was not sparked by any significant industry mishap. In fact, digital assets are experiencing substantial regulatory support, as signified by the SEC gradually withdrawing its cases against several companies. Nevertheless, this correction has sparked doubts over the continuity of the bullish market. Finbold sought to clarify if it’s advisable for investors to…
Diving into the world of cryptocurrency, this week presents an intriguing landscape. The market finds itself strained under the influence of escalating inflation concerns tied to the U.S. tariffs implemented during former President Donald Trump’s term. The ripples of these worries have pushed Bitcoin (BTC) downwards, sliding below $80,000. This is a benchmark it has not faced since the re-election of Trump, with persistent outflows from Bitcoin spot ETFs escalating the downward trajectory. Market Scenario An echoing impact is detectable across the broader market, with approximately $1 billion in liquidations within the past 24 hours emphasizing the increased volatility. With…
In the world of cryptocurrencies, certain digital coins have demonstrated a resilience that’s hard to ignore. XRP, for instance, has surprisingly stood its ground in spite of the recent crypto market crash that has seen other giants such as Bitcoin (BTC) and Ethereum (ETH) crumble to new lows. Clearly more robust than its counterparts, XRP was still able to hold a 325% rise from its November 1 prices, despite a dip to $2.16—a testament to its strength. A Pivotal Moment for XRP and the SEC? One of the significant external factors that appears to be influencing XRP’s performance is the…
Diving into the world of cryptocurrency, we encounter Bitcoin, the front-runner of digital assets, at a pivotal crossroads. Swept up in a storm of intense market volatility, Bitcoin and other major cryptocurrencies have plummeted to crucial support levels, triggering alarm bells across the market. However, the saving grace amidst the turmoil is Bitcoin’s robust fundamentals which stand firm, fuelling the anticipation of a bullish turnaround. Historic Price Gap Marks a Critical Juncture for Bitcoin In the midst of a brutal bearish run, Bitcoin’s future price movements are shrouded in ambiguity. In an attempt to decode this uncertainty, Alphractal, an innovative…
Understanding the market potential of a volatile and digital currency like XRP can be a challenging task due to the constant fluctuations in its value. This difficulty is further intensified by the presence of regulatory insecurities and overall market instability, which have recently caused a significant depreciation in XRP’s value by over 20% within a week and 30% in the last month. As the digital currency mainly stabilizes above $2, it is currently facing difficulty in upholding key levels, thereby leading to a subsequent conjecture of its future proceeds. Where will the XRP stand by March 2025? With the current…
In the ever-evolving world of digital currency, Bitcoin now treads on unsure ground as it loses crucial support levels amid an increasingly bearish market. The looming fear of a downturn echoes throughout the cryptocurrency space, further propelled by Bitcoin’s significant drop of over 28% since the high point in late January. Alongside this, the broader financial markets, too, find themselves in a sea of uncertainty, all of which is serving to complicate Bitcoin’s ongoing struggle. The piece that follows provides an in-depth study of these developments, enriched with well-placed keywords and organized headings to enhance readability and SEO performance. Bitcoin’s…
Engage yourself in an enlightening exploration of recent Bitcoin market trends, with a particular focus on BlackRock, the world’s largest asset manager. Speculations have been rife, revolving around the company’s suspected contribution to BTC’s sharp decline. Dive deep into the crypto market intricacies and get unambiguous insights into this hot topic. Unfolding the Reality of BlackRock’s Involvement in Bitcoin’s Fall On Friday, February 28, Bitcoin’s (BTC) price hit a drastic low, spiralling beneath the $80,000 mark, for the first time since the calendar turned to 2025. This unexpected plunge led to widespread panic in the market, with all eyes turning…
The Shiba Inu cryptocurrencies’ ecosystem is expected to experience substantial improvements with the upcoming Ethereum’s “Pectra” upgrade. Lucie (@LucieSHIB), the marketing lead for Shiba Inu, recently shed light on how this major revamp of the Ethereum network, scheduled for April 2025, could impact Shibarium, Shiba Inu’s layer-2 (L2) solution. Comprising two major improvements – the Prague (execution layer) and Electra (consensus layer), the Pectra upgrade is aimed at amplifying Ethereum’s scalability, staking abilities, and user experience. Potential Upscale for Shiba Inu Owing to Pectra Lucie pointed out various advantages that Ethereum’s evolution might bring to L2 platforms like Shibarium in…