Bitcoin has been rather rangebound recently, bouncing between strong support in the mid-$6ks and some resistance around $7k. Meanwhile, many alts have preformed well in this environment.
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.
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 (explained below) are at some of the lowest points they have been in months. How one should interpret that is in question.
Bitcoin is sitting at about the price it was before the mania kicked in last year ($6.6k-ish). There is a lot of buy pressure, and a lot of sell pressure. Although the approaching U.S. tax deadline is relevant, the price likely has little to do with recent news and events.
Coinbase has come out and eluded to supporting forks, but now they have officially announced support for Bitcoin forks and other forks.
As cryptocurrency experiences volatility in the short term, there is likely to be a lot of little rallies. On each rally altcoins have a chance of bouncing.
Cryptocurrency believers are arguably right to believe in the future of cryptocurrency. But in terms of price, 2017 was a bull market and 2018 thus far been a bear market.
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 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.
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.