Cryptocurrency Verge (XVG) Partners With Popular Adult Sites
A few highly trafficked adult sites, including Pornhub, have partnered with Verge (XVG) and are now accepting Verge (XVG) as payment.
Credit Karma Says Few File Crypto Taxes… that Makes Sense Considering What is Required
Credit Karma reportedly said that as of April 13 fewer than 100 of their 250,000 most recent tax filers reported cryptocurrency transactions.
The “Bart” Crypto Pattern
There is a pattern so common in cryptocurrency trading that it has been nicknamed the “Bart” due to it looking the head and hair of an iconic character.
Tax Day is April 17th, Make Sure to File For Crypto or File an Extension
Tax day is April 17th (in the U.S.), you’ll need to make sure you have all your crypto trades, sales, and transactions reported. If you can’t get this done in time, consider an extension.
The Loopring Airdrops are Starting Soon
People may have noticed a price increase in Loopring (LRC), this is likely at least in part due to the fact that there are some airdrops coming up starting May.
Big Moves Have Been Being Made At Times When There is Low Volume
Lately a few notable price spikes and price drops in Bitcoin have been happening when trade volume is low. For example 4am PST / 7am EST.
Crypto is Flirting with Breaking the Downtrend
Bitcoin has been in a downtrend, along with the rest of cryptocurrency since mid January or so (the exact date differs by coin). Now many coins are gearing up to break out of the 2018 bear market.
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.
Is U.S. Tax Season a Threat to Crypto Prices?
U.S. taxes are due April 17th. Some speculate that money will rush out of crypto before and in after. Both of those things are logically possible.
Using Your Intuition to Manage Your Crypto Position
Logic is super useful for investing and trading, and the fundamentals and trends are your friend, but your intuition can help you figure out if you are under-extended or over-extended.