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Bitcoin stays pinned below $70K as BTC’s negative funding rate flashes warning sign

Bitcoin remains below the $70,000 mark, currently trading around $68,000. The cryptocurrency's negative funding rate has raised concerns among investors, signaling potential bearish sentiment in the market. This funding rate indicates that short positions are being favored, which could lead to further downward pressure on Bitcoin's price. Analysts are closely monitoring these indicators as they assess the future trajectory of BTC. Despite recent volatility, some experts remain optimistic about Bitcoin's long-term potential.

Read the full article: Coin Telegraph

Is the Netherlands Taxing Unrealized Crypto Gains? It's Complicated

The Netherlands is considering a tax on unrealized gains from cryptocurrencies, which has sparked debate among lawmakers and the public. Currently, the country's tax system taxes assets based on their value as of January 1 each year, which could include unrealized crypto gains. Critics argue that taxing unrealized

Tom Lee Expects 'Defining Year for Ethereum' as BitMine Buys ETH Amid 'Rock Bottom' Vibes

Tom Lee, co-founder of Fundstrat Global Advisors, predicts that 2024 will be a pivotal year for Ethereum, driven by increased institutional interest and potential regulatory clarity. His optimism comes as BitMine, a cryptocurrency mining company, has announced its purchase of a significant amount of ETH, signaling confidence in the asset

Gemini Stock Dives as Winklevoss-Led Crypto Exchange Dumps Executives

Gemini, the cryptocurrency exchange co-founded by the Winklevoss twins, has seen its stock price plummet following the departure of several key executives. The company is undergoing significant leadership changes, which have raised concerns among investors about its stability and future direction. This shakeup comes amid a challenging regulatory environment for

Amid crypto VC shakeout, Dragonfly closes $650M fund with focus on real-world assets

Dragonfly Capital has successfully closed a $650 million fund, despite a challenging environment for cryptocurrency venture capital. The new fund will primarily focus on investing in real-world assets, aiming to bridge the gap between traditional finance and the crypto space. This move reflects a strategic shift as the firm seeks

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Is the Netherlands Taxing Unrealized Crypto Gains? It's Complicated

Tom Lee Expects 'Defining Year for Ethereum' as BitMine Buys ETH Amid 'Rock Bottom' Vibes

Gemini Stock Dives as Winklevoss-Led Crypto Exchange Dumps Executives

Amid crypto VC shakeout, Dragonfly closes $650M fund with focus on real-world assets