Hong Kong Unveils Landmark Tax Exemption Plan for Institutional Crypto Investors
Hong Kong is preparing to eliminate capital gains tax on cryptocurrency investments for hedge funds, private equity firms, and high-net-worth individuals. The strategic move, planned for 2025 implementation, aims to establish the city as a premier global digital asset hub while competing with other major financial centers.
Bitcoin Shows Resilience Above $90K with Strong On-Chain Support Levels
Bitcoin maintains strength above $90,000 despite a recent 9% pullback from its all-time high near $100K. On-chain data reveals multiple strong buyer demand zones, with key support levels at $96,800 and $95,300 from different investor cohorts.
Ethereum Poised for Second Wave of Bull Market Growth, Says CryptoQuant Analysis
A CryptoQuant analyst suggests Ethereum is entering a secondary bull market phase based on historical price patterns. Past data indicates this second wave could surpass previous highs, though investors are reminded that cryptocurrency markets remain unpredictable.
Ethereum Price Rally Ignites $10,000 Target Predictions from Market Analysts
Ethereum's impressive 36% monthly gain and breakthrough above $3,480 has analysts forecasting ambitious price targets. Technical indicators and institutional interest fuel predictions of a 'second bull run' that could push ETH towards $10,000 or higher.
Crypto Exchange XT.com Halts Withdrawals Following $1.7M Security Breach
Seychelles-based crypto exchange XT.com suspends withdrawals after hackers steal $1.7 million in digital assets. While user funds remain secure due to the platform's reserve system, the incident highlights ongoing security challenges faced by cryptocurrency exchanges.
Bitcoin Whales Offload 500,000 BTC as Price Nears $100K Milestone
Long-term Bitcoin holders have sold over half a million BTC during the latest rally, while still realizing record profits of $2.02 billion daily. Despite substantial selling pressure, the volume remains lower than the previous cycle as Bitcoin approaches the $100,000 mark.
Bitcoin's November 28 Mystery: Will History Repeat in 2024?
Explore the intriguing pattern of Bitcoin's historic price peaks occurring on November 28 in both 2013 and 2017. As the 2024 halving approaches, the crypto community watches with anticipation to see if this mysterious date will mark another milestone in Bitcoin's journey.
BitWise Takes Bold Step with Multi-Crypto Index ETF Proposal
BitWise Asset Management seeks SEC approval for a groundbreaking ETF tracking 10 major cryptocurrencies, potentially offering the most diverse crypto investment vehicle in the US market. The move follows their successful Bitcoin ETF launch and reflects growing institutional appetite for regulated crypto exposure.
Cramer's Bitcoin Endorsement Triggers Market Drop and Trader Skepticism
CNBC's Jim Cramer's latest bullish stance on Bitcoin sparked an unexpected 5% market decline and $344 million in liquidations. The 'Mad Money' host's controversial track record with cryptocurrency predictions has led to the emergence of an 'Inverse Cramer' trading strategy.
Bitcoin ETF Trading Volume Hits $5B Milestone Despite Price Pullback
Bitcoin ETF trading reached a remarkable $5 billion volume as Bitcoin price retreated to $91,000, with BlackRock's IBIT leading the charge at $3.46 billion in daily trades. The surge in ETF activity, coupled with market volatility, demonstrates growing institutional adoption of cryptocurrency through traditional investment vehicles.