Bitcoin Surges to $8k then Drops to $7.6k – $7.7k In Massive Short Squeeze
Bitcoin had some insane price action over night. It went from $6.8k, to $8k, then back to $7.6k – $7.7k as shorts (at a record high at the time) had to cover their positions.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Remember to File Your Crypto Taxes or File For an Extension by April 17th
April 17th is the U.S. tax deadline to file and pay taxes for 2018. U.S. residents will need to file their crypto taxes or file an for an extension by then. This is true for both state and federal taxes.
Nano Lawsuit Could Result in “Rescue Fork”
The developers of Nano (XRB), previously called RaiBlocks, are being sued over a BitGrail hack. Both Nano and BitGrail are working towards compensating victims of the hack. Compensation may include a “rescue fork.”
The GBTC and KimChi Premiums are Melting Away
The GBTC and KimChi premiums (explained below) are at some of the lowest points they have been in months. How one should interpret that is in question.
Coinbase Announces Support for Bitcoin Forks
Coinbase has come out and eluded to supporting forks, but now they have officially announced support for Bitcoin forks and other forks.
Nubits Drops Below $0.40, Which Offers Potential Risk / Reward
Nubits is meant to trade for $1 (it is meant to be a “stable coin”). However, starting around March 20th its price began to drop. Currently, as of April 3rd, it trades below $0.40.
Bitcoin Retakes Ground Breaking $7.4k
Bitcoin retook some ground yesterday after a rough week and broke $7.4k. Many alts reacted with price increases. If these levels can hold, or if Bitcoin can work its way back, things could start looking up for crypto again.
Do a Double take on Any Crypto News From April 1st (April Fools Day)
Just a reminder, any news that came out about crypto on April 1st (April Fools) is likely to be an April Fools joke. Here are a few examples of April Fools crypto jokes to illustrate.
Search Volume for Crypto Terms has Been Correlating With the Price
Search volume for cryptocurrency related terms has been correlating with the value of the cryptocurrency market over time. The same is true for the term Bitcoin and Bitcoin’s price.
How Coinbase Approaches Forks and Airdrops
Coinbase has stated how they will treat forks and airdrops for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Essentially, they will support stable quality forks and airdrops that meet their criteria.