In a recent development, South Korean lawmakers have put forth a bill to postpone the implementation of the crypto gain tax until 2028. This decision comes amid the prevailing negative sentiments surrounding the crypto industry. The ruling political party introduced the bill on July 12, highlighting concerns about the current investment sentiment towards virtual assets.
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Despite recent bearish trends in the Bitcoin market, JP Morgan, an American multinational finance company, has maintained a bullish stance on the outlook for the cryptocurrency. The bank has announced a timeline for the conclusion of ongoing BTC liquidations, predicting a subsequent rebound in the market. In a research report released recently, JP Morgan suggested
Aayush Jindal’s journey in the world of financial markets began at a young age, where he showcased a natural aptitude for deciphering complex systems and unraveling patterns. This early interest in market dynamics fueled his curiosity and set him on a path towards becoming a luminary in the realms of Forex and cryptocurrency trading. Over
Aayush Jindal is a distinguished figure in the realm of financial markets, with a career spanning over 15 years in Forex and cryptocurrency trading. Known for his exceptional expertise in technical analysis, Aayush is a trusted advisor to investors worldwide, providing them with keen insights and astute chart analysis to navigate the complex landscapes of
Ethereum has witnessed a significant surge in price, breaking above the crucial $3,250 resistance zone. This bullish momentum has propelled ETH past $3,300, indicating a strong potential for further upside movement in the near future. The price action is currently above $3,250 and is supported by the 100-hourly Simple Moving Average. A connecting bullish trend
In recent trading sessions, Bitcoin has shown a strong uptrend, breaking through key resistance levels and climbing towards the $63,200 mark. This surge in price is a bullish sign for the cryptocurrency market as a whole, indicating potential further gains in the near future. Looking at the technical indicators, the hourly MACD for Bitcoin is
The recent recovery of the Bitcoin price has brought it back above $58,000, signaling possible bullish momentum in the market. A prominent crypto analyst has identified an ascending triangle pattern on the four-hour price chart, indicating a potential continuation of this resurgence. This pattern consists of a horizontal line drawn along swing highs and a
Semilore Faleti is a prominent figure in the world of cryptocurrency journalism and content creation. With a background in writing, Semilore has dedicated his career to unraveling the complexities of blockchain technology and digital assets. His passion for the efficiency of digital assets in storing and transferring value has driven him to become a staunch
Jamie Coutts, the chief crypto analyst at Real Vision, has brought attention to a key indicator that suggests a bullish future for Bitcoin (BTC). Coutts highlighted that the decline in Bitcoin’s hash rate is slowing down, a trend that typically signals a bottom and a reversal of bearish sentiment. However, he cautioned that a successful
Semilore Faleti is a prominent figure in the world of cryptocurrency writing, with a specialization in journalism and content creation. His journey in the realm of crypto journalism began with a wide range of subjects, but it wasn’t long before he discovered his passion for unraveling the complexities and intricacies of blockchains and digital currencies.