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The Dogwifhat price has plunged 7% in the last 24 hours to trade at $2.52 as of 7:30 a.m. EST on a 21.7% surge in trading volume to $363 million. Dogwifhat Price Signals A Double Bottom Pattern Formation Dogwifhat’s price is signalling a bullish trend reversal as the bears continue pushing the price towards the support zone at $2.31, forming a double-bottom pattern that suggests a shift towards a bullish trend. WIFUSDT Analysis . Source: Tradingview.com Despite the bulls’ efforts to drive the price up multiple times, the recent downward trend has been robust. Bears continued to push the price down, gaining control after the price hit resistance at the $4.84 high. However, the bulls have managed to maintain stability and a solid support zone, halting the bears’ profit-taking at the $2.32 support level. The price trades just above the 50 and 200 Simple Moving Averages (SMAs). However, with an anticipated rebound, momentum might build to help the bulls drive the pr...

President Joe Biden recently proposed introducing the highest capital gains tax rate in more than a century. With a new top marginal rate of 44.6%, the bold move is aimed toward the richest Americans, but it also applies to dividends, stocks, and cryptocurrency. Today’s article will shed light on the consequences the Biden capital gains tax will have for crypto investors . What does Biden’s proposal mean? Biden’s proposal for the Fiscal Year 2025 Revenue of the U.S. budget suggests raising capital gains rates. The news is abuzz with the 44.6% rate, which would be the highest since capital gains rates were introduced. Coupled with individual state capital taxes, the number can go above 50% in some states. Biden’s proposed capital gains tax hike. Source: Americans for Tax Reform However, things are not that simple. The first proposal is to increase the top ordinary rate to 39.6%, and an additional proposal would raise the net investment income tax by 1.2% abov...

MicroStrategy, often dubbed a prominent “Bitcoin development firm” has once again garnered attention following its financial update for Q1 2024. Despite reporting a net loss of $53.1 million, the firm remains steadfast in its pursuit of acquiring Bitcoin, further expanding its already significant cryptocurrency holdings. Between April 1 and April 26, MicroStrategy went on to add a whopping 122 BTC to its reserves. This was worth $7.8 million. While this figure might be pale compared to previous purchases, it symbolizes MicroStrategy’s unwavering dedication to strengthening its Bitcoin portfolio. This comes amidst turbulent market conditions. In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us at 5pm ET as we discuss our Q1 2024 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/h40yyrgEb0 — Michael Saylor️ (@saylor) April 29...

Poloniex , a Justin Sun -owned exchange, offers a wrapped bitcoin ( WBTC ) product on Tron that is currently trading at a more than 20% discount on Poloniex .  The WBTC pair traded against BTC on Tron has WBTC worth only 79% of BTC, currently on 0 volume over the last 24 hours. Poloniex has previously refused to disclose to Protos where it holds the bitcoin for this WBTC product and has yet to complete a promised ‘proof-of-reserves.’ Protos has again reached out to Poloniex to attempt to determine where the reserves for this product are held, what the timeline is for the exchange to finish its promised proof-of-reserves, and for clarification on the relationship between Sun-owned Poloniex and Sun-advised HTX. Poloniex proof-of-reserves and WBTC backing missing Read more: Where is Justin Sun ’s money? The last part is important because the WBTC on Tron product offered by Poloniex is a massive portion of the bitcoin held at HTX , formerly Huobi.  The most recent p...

While it is no secret that social media personality and former professional kickboxer Andrew Tate is a big fan of Bitcoin (BTC), he has recently shared a view that the flagship decentralized finance (DeFi) might, in fact, become the only acceptable monetary and investment choice . Specifically, Tate has argued that the United States dollar was “f **ked ,” along with real estate and many other investments, which the government might take away from their holders as tyranny grows worse, leaving the maiden cryptocurrency as the only option, according to his X post on April 28. The dollars fucked. Real estate (and most other investments) they will take off you once you don’t comply with their tyranny. And the tyranny will become worse than ever. Leaving bitcoin. There’s no other option. — Andrew Tate (@Cobratate) April 28, 2024 Andrew Tate Twitter lessons As a reminder, the controversial influencer with mass following often uses X (formerly Twitter) to propagate his ideas, an...

The Grok price has surged 25% in the past 24 hours and 51% over the past week to trade at $0.01434 at 6:32 p.m. EST on a 921% surge in trading volume to $78 million. This follows a post by Elon Musk on X that featured a robot adorned with the “Grok” logo The Grok robot is depicted sitting at a table wearing cool-looking goggles. pic.twitter.com/Kt3efgjKEd — Elon Musk (@elonmusk) April 26, 2024 Grok is an AI chatbot created by Elon Musk’s AI company, xAI, that draws inspiration from The Hitchhiker’s Guide to the Galaxy and is renowned for its witty and rebellious replies. Grok can also gather real-time information through the X platform.  Although the tweet wasn’t related to any cryptocurrency project or token, many individuals interpreted it as a positive indicator for the $GROK token. Grok Price Bulls Initiate A Rally On A Double Bottom Pattern The GROK price has hit a strong support level at $0.007688, forming a double-bottom pattern....

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-20 altcoin by market cap. The analyst pseudonymously known as Bluntz tells his 257,300 followers on the social media platform X that Ethereum (ETH) competitor NEAR Protocol (NEAR) is currently outperforming other crypto assets. “Love how NEAR just keeps plodding along making fresh highs while everything else has stalled out and continued accumulating. This is hands down a market leader right now, will definitely be one of the first to make fresh highs.” Source: Bluntz/X Based on Bluntz’s eight-hour chart, it appears that the pseudonymous analyst’s first target is above $10, around 40% from the current level, after potentially surging in a five-wave pattern that commenced in mid-April. According to the Elliott Wave theory, a technical Analysis tool that the pseudonymous analyst regularly uses, the main trend of the price of an asset moves in a five-wave patt...

The Federal Bureau of Investigation ( FBI ) in the United States has issued an alert warning Americans that it has “recently conducted law enforcement operations against cryptocurrency services which were not licensed in accordance with federal law” and that US ers “may encounter financial disruptions during law enforcement actions.”  These financial disruptions could include “losing access to funds after law enforcement operations target those businesses.” Specifically, the alert warns against using any money services businesses (MSB) that are not appropriately registered, and further highlights the risk of those “that do not collect know your customer (KYC) information from customers.” It’s not clear which recent law enforcement operations the alert is referring to but it comes on the heels of the recent indictment of the founders of the Samourai Wallet Bitcoin mixing service in the Southern District of New York. Who are S...

Investors are rushing to get in on the action as the initial coin offering (ICO) of the first multi-chain meme coin hits over $11 million, ahead of its exchange launch. Starting on April 8, the $DOGEVERSE presale surpassed its $8.83 million soft cap in just two weeks and has now reached over $10 million. This rapid fundraising showcases the immense interest in Dogeverse, a project positioning itself as the world’s first multi-chain meme coin. Dogeverse surges in presale ahead of exchange listings The Dogeverse ICO keeps heating up as it blends blockchain tech with meme culture, hitting another big milestone. With around $6 million left to reach the hard cap, this could be investors’ last shot to grab $DOGEVERSE while it’s still cheap. After a strong start that saw the project raise $1 million in just 48 hours, Dogeverse quickly moved to the next phase of its ICO. The remaining rounds of the ICO will wrap up on June 11, offering an additional 200 billion tokens to...

The Ethereum price plunged over 5% in the last 24 hours to trade at $3,110.97 as of 7:40 a.m. EST as investors sell some of their holdings in the leading altcoin. ETH’s drop comes after an April 24 Reuters report that said  U.S. issuers and other firms expect the Securities and Exchange Commission ( SEC ) to reject spot ETH ETF (exchange-traded fund) applications next month following meetings with the regulator in recent weeks. The Ethereum Price Falls Out Of A Bullish Channel 4-hour chart for ETH/USDT (Source: TradingView ) The Ethereum price slipped out below an ascending price channel that formed on its charts in the last couple of days. As a result, the leading altcoin is currently at risk of retesting the $2,989.11 support level in the next 24 hours. Should sellers keep exerting pressure on the Ethereum price if it reaches this point, it might drop to as low as $2,834.54 in the short term. A 4-hour candle close above $3,177.58 within the coming 12 hours could in...

Bonk(BONK) has been making significant moves in the last 7 days to the point that it is, at press time, the best-performing top 100 cryptocurrency within the time frame. Indeed, while overshadowed to an extent by newer meme coins such as Dogwifhat (WIF) in the 2024 crypto bull market, Bonk has been offering decent performance throughout and is, on top of its 75% 7-week climb, 81% in the green year-to-date (YTD). Additionally, BONK is set to expand its audience with the neo-banking platform Revolut is enabling trading of the meme coin this April. Picks for you US economist warns Bitcoin ETF ‘newbies’ about a ‘rude awakening’ 1 hour ago AI tool takes Bitcoin payments to access ChatGPT-4 and Claude Opus 15 hours ago Solana price prediction: Can SOL hit $200 as congestion is resolved 17 hours ago BNB price prediction amid $1 billion token burn 17 hours ago With the recent and upcoming developments in mind, Finbold decided to consult the predictiv...

In March, President Biden proposed a 44.6% capital gains tax in the 2025 government budget, the highest in history. The proposal includes a 25% tax on unrealized gains for high-net-worth individuals. A quote from the March budget proposal reads “Together, the proposals would increase the top marginal rate on long-term capital gains and qualified dividends to 44.6 percent.” President Biden proposes a 44.6% capital gains tax, the highest in history. The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals. pic.twitter.com/ebiYWfO9Oj — Watcher.Guru (@WatcherGuru) April 24, 2024 The source of the 44.6% rate is a footnote from the General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals, and it reads in relevant part: “A separate proposal would first raise the top ordinary rate to 39.6 percent … An additional proposal would increase the net investment income tax rate by 1.2 percentage points above $400,000 … Together, ...

Shiba Inu (SHIB) has emerged as one of the top meme coins over time. Telegaon, a source known for providing market insights, has released predictions regarding the potential future price of Shiba Inu (SHIB). By 2040, they expect SHIB to be worth $0.08 (8 cents). This prediction has piqued the interest of Shiba Inu fans, prompting discussions regarding the viability of accomplishing this milestone within the specified time frame. Also read: Cryptocurrency: Top 3 AI Coins to Watch For Double Digit Gains Shiba Inu’s Present Status SHIB has experienced increased activity in recent times, although its price has recently dropped to the $0.00002 level and is currently trading at  $0.00002716 , representing a 1.7% surge in value over the past 24 hours. This decline is in line with the overall trend in the cryptocurrency market. Telegaon’s projection takes into account Shiba Inu’s evolution beyond its meme-based roots. The prediction also takes into accou...

Willemstad, Curacao, April 24th, 2024, Chainwire CoinPoker, the world’s largest cryptocurrency poker platform, has launched its annual Crypto Series of Online Poker (CSOP) Spring tournament series while also removing all Cashout Fees as announced by the team on X: After kicking off on Friday April 19, the ongoing tournament series will end on April 28, featuring 41 events with a combined $1 million in guaranteed prize pools. CSOP spring tournament spans 41 events over 10 days Drawing comparisons to the prestigious World Series of Poker (WSOP), the CSOP is one of the biggest online poker tournament series to use cryptocurrencies. CoinPoker’s flagship CSOP series has grown in stature each year, attracting players globally to compete for seven-figure prize pools paid out in crypto. This year’s CSOP Spring edition has also attracted high stakes cash game action, with 1000/2000 games running on Sunday and some poker pots over $300k. The ten da...

Apr 23, 2024 at 20:07 // Price Author Coin Idol Shiba Inu (SHIB) prices have recovered from the price drop on April 13, 2024. Price Analysis by Coinidol.com. Long-term forecast for the Shiba Inu price: bearish The altcoin had previously fallen above the $0.00002060 support and consolidated back above it ahead of the uptrend. The crypto price has risen above the 21-day SMA and is approaching the 50-day SMA. If the cryptocurrency price rises above the 50-day SMA, SHIBcould return to its previous highs of $0.00003600 and $0.00004552.  The cryptocurr...