An official from India’s ministry of finance said Monday that all gains from trading cryptocurrencies like Bitcoin were liable to income tax, as per a report on markets outlet Financial Express. The sector exists in a legal grey area in the country, and investors were so far (seemingly) confused about whether to declare their gains […]Read More
Ask ten crypto proponents about the prices of Bitcoin a year from now and you’re likely to hear ten widely different answers. Some use astrology, some use technical analysis, and some use on-chain voodoo art for their predictions. And there are then ex-institutional guys like Tone Vays, who rely on a mix of the staunchest […]Read More
Ethereum futures daily trading volume on CME doubles since last week The daily trading volume of Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has exceeded $75 million, crypto metrics platform Glassnode reported today. 2 min read → Source linkRead More
Bitcoin refreshed its all-time high during the early Asian session Tuesday as traders assessed the prospects of Joe Biden’s latest push to pass his ambitious $1.9 trillion stimulus package. The Financial Times reported late Monday that the US president would make official trips outside Washington to put his expansive aid proposal before the public. In […]Read More
Some retail equities traders, frustrated with recent restrictions on stock buying on trading platforms including Robinhood, are turning their attention to centralized and decentralized cryptocurrency exchanges (CEX and DEX, respectively), according to new data. That’s helping to drive several of these exchanges’ tokens to new highs. Last week GameStop (GME) and and other stocks involved […]Read More
Rallies in GameStock (NYSE: GME) shares as well as dogecoin (DOGE) and bitcoin (BTC) are piquing the betting interest of traders in China as much as they are in the United States. On Weibo, the popular social media platform in China, the highly active crypto community is speculating on which cryptocurrency will be next to […]Read More
Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy. The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been soaring for days on short […]Read More
Amid another price downturn Thursday, bitcoin options traders appear to be becoming less bullish on the immediate prospects for the cryptocurrency. The one-week put-call skew, which measures the spread between prices of short-term puts and calls, has risen to a five-week high of 14%. The skew had bottomed out near an extremely bullish -33% just […]Read More
The tool is aimed to help traders make better decisions based on market sentiment. Source linkRead More
JPMorgan analysts see bitcoin’s price tag of $40,000 as a key battleground that bullish traders need to retake in order for the cryptocurrency’s meteoric rise to continue. According to a report by Bloomberg on Monday, unless bitcoin‘s price can break out above $40,000 the cryptocurrency could see further downside. Greater input from the multi-billion dollar […]Read More
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