Bitcoin Mining Tax Proposed in NY Bill
New York bill S.8518 proposes taxing proof-of-work crypto mining like $BTC to fund state energy relief, targeting high electricity use and encouraging renewable energy. #Update #Legal $BTC
Bitcoin
Ethereum Targets $18K in Final Wave
Bitcoin has surpassed $119,000, with analyst Ali Martinez suggesting a potential target of $139,000 based on the MVRV Extreme Deviation Pricing Bands model. Crypto $BTC
Bitcoin Reserve Proposal Gains Momentum in Sweden
Swedish MPs propose a national Bitcoin reserve managed by Riksbank, emphasizing Bitcoin’s potential for inflation protection and liquidity, likening it to digital gold. #Update #Crypto $BTC
Bitcoin Surges to $120K as Traders Anticipate Rally
Bitcoin $BTC surged above $120,000 for the first time since mid-August, driven by bullish sentiment and record high BTC futures open interest at $32.6 billion. #Update #Crypto $BTC
Bitcoin Miners Face Higher NY Taxes
New York lawmakers propose Senate Bill S8518 to tax Bitcoin miners for high electricity use, benefiting low-income households; sustainable energy users exempt. #Update #Legal $BTC
Bitcoin Waits at $119K Sharpe Ratio
Bitcoin nears ATH at $124,128 as Binance data shows BTC’s Sharpe-like ratio at 0.18, indicating a balanced risk-reward environment. Current price: $118,788. #Update #Crypto $BTC
Bitcoin Odds Surge 50% for New High
Bitcoin’s odds of reaching $125K surged to 81% as it hit $121K, while Solana’s potential new all-time high is debated amid ETF anticipation. #Update #Crypto $BTC
Bitcoin Forecasts Rally to $165000
@JPMorgan reports Bitcoin ($BTC) is undervalued, potentially rising to $165,000 with a 42% upside as ETF inflows hit $675.8M. BTC’s volatility vs gold drops below 2.0, enhancing its appeal. #Update #Crypto $BTC
Bitcoin Meme Coin Surges 99 Percent
Melania Trump’s meme coin, $MELANIA, surged 7% after her promotion but remains 99% below its peak amid controversy over $30M in team sales. #Update #Crypto
Bitcoin ETFs Surge with $676M Inflow
Bitcoin ETFs saw $676M inflows, while ether ETFs gained $81M, highlighting renewed institutional interest. #Update #Crypto $BTC
Bitcoin Surges Over $120K Amid Accumulation Phase
Bitcoin ($BTC) surpasses $120,000 amid easing long-term holder selling pressure, indicating potential market stabilization and accumulation phase; short-term holders show early signs of recovery. #Update #Crypto $BTC
Bitcoin Lending Surges Amid Market Recovery
@GregoryMall discusses the resurgence of bitcoin-backed lending, highlighting the shift towards stricter risk management in CeFi and a robust recovery in DeFi credit markets. #Update #Crypto $BTC
Bitcoin Soars Past $120K Amid Shutdown
Bitcoin hit $120,286, rising 8% this week as investors return to Bitcoin ETFs amid U.S. government shutdown; $BTC’s “Uptober” trend continues. Crypto $BTC
Bitcoin Targets $130K Amid Market Surge
Bitcoin reclaims $118,000, signaling bullish momentum with potential to reach $130K. Analysts highlight stable market equilibrium and seasonal trends as critical factors. #Update #Crypto $BTC