Bitcoin analyst and co-founder of software firm Hypersheet Willy Woo believes that on-chain metrics show that BTC is not in a bear market despite observing “peak fear” levels. Speaking on the What Bitcoin Did podcast hosted by Peter McCormack on Jan. 30, Woo cited key metrics such as a strong number of long term holders (wallets holding for five months or longer) and growing … [Read more...] about ‘Peak fear’ but on-chain metrics say it’s not a bear market
Fear
Things to know (and fear) about new IRS crypto tax reporting
The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Service (IRS) hope to scoop up enormous tax dollars. This reporting regime is projected to rake in an astounding $28 billion over the next ten years. No other provision in this massive recently enacted federal law is supposed to produce tax dollars that … [Read more...] about Things to know (and fear) about new IRS crypto tax reporting
Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support
Bitcoin (BTC) failed to regain $30,000 after losing support on Tuesday as Fear & Greed indexes raced each other to the bottom. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price stays below $30,000 waterlineData from Cointelegraph Markets Pro and TradingView showed BTC/USD continued trading in the $20,000–$30,000 zone on Tuesday.The largest … [Read more...] about Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support
Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’
Bitcoin (BTC) has already hit its price bottom, one of the industry's top executives believes as BTC price action stays above $40,000.In a tweet on June 14, Jurrien Timmer, director of global macro at U.S. multinational financial services corporation Fidelity Investments, called time on any further Bitcoin price dips.Bitcoin bulls increase confidenceBTC/USD maintained higher … [Read more...] about Bitcoin price bottom is in, says Fidelity exec as crypto market exits ‘extreme fear’
Bitcoin price crash is a reminder to put fundamentals over fear
In bull and bear markets, wise cryptocurrency investors know that the primary focus should be on project longevity rather than jumping on every short-term price movement. As the crypto ecosystem expands and new sectors arise, protocols that offer the most value to the community stand the best chance at long-term survival and price appreciation.The goal of this newsletter is to … [Read more...] about Bitcoin price crash is a reminder to put fundamentals over fear