Crypto News
How Every American Can Invest in Bitcoin for Tax Free Gains – IRA Financial Founder Adam...
IRA Financial helps investors take control of their retirement savings with self-directed retirement solutions, unlocking the ability to invest in alternative assets like cryptocurrency. Adam Bergman is the founder of IRA Financial. He recently joined the Bitcoin.com News Podcast to talk about how every American can invest in bitcoin for tax free gains with aSource link
Bitcoin Traders Eye Upside as BTC Holds Above $110K: Crypto Daybook Americas
By James Van Straten (All times ET unless indicated otherwise)As August draws toward a close, bitcoin (BTC) bulls may welcome the end of a modest pullback, with the largest cryptocurrency down around 4% for the month and 12% off its all-time high of $124,500. For now, it's little changed around $110,580, up less than 0.5% over 24 hours while ether (ETH) has added 3.4%. The CoinDesk 20 index, a measure of the broader market, rose 2.7% in the same period.A negative end to August would halt a streak of four consecutive green months, the longest run since March last year. Encouragingly, August has held up better than in the past three years, and September should bring a pickup in trading...
Bitcoin Price Watch: Will Bitcoin Break the $112K Barrier or Fade to $108K?
Bitcoin remained under pressure on Aug. 27, trading at $111,036 with signs of short-term accumulation but broader trend weakness. The leading cryptocurrency’s market capitalization stood at $2.21 trillion, while its 24-hour trading volume reached $39.66 billion, with an intraday range between $109,526 and $112,279. Bitcoin The hourly chart reflects a short-term bullish recovery, with bitcoinSource link
US Prosecutors Challenge ‘Unusually Lenient’ Sentence in HashFlare Mining Fraud
Legal experts told Decrypt "chances are high" sentences will be upheld in $577M crypto Ponzi despite "unusually lenient" ruling.Source link
Bitcoin Long-Term Holders Have Realized Profits of 3.27M BTC This Cycle, Exceeding 2021 Cycle
Bitcoin (BTC) long-term holders (LTHs) have already realized more profit in this cycle than in all but one previous cycle (2016 to 2017), according to data from on-chain analytics platform Glassnode.This underscores elevated sell-side pressure and, when combined with other signals, suggests the market has entered the late phase of the cycle".Since the start of 2024, LTHs (defined as investors who have held bitcoin for at least 155 days) have realized 3.27 million BTC in profits. This figure has now surpassed the 2021 bull run (just over 3 million BTC) and is far ahead of the 2013 cycle. However, it still trails the 2017 bull run, when realized profits reached 3.93 million BTC.For context, bitcoin’s average price was around $1,000...