Bitcoin May Plunge in Q4 Due to a Tax-Induced Selling Frenzy

Bitcoin May Plunge in Q4 Due to a Tax-Induced Selling Frenzy

Bitcoin’s price action as of late has done little to offer investors with any tangible insights into where it may trend next Analysts have been largely noting that the cryptocurrency’s outlook is being dimmed by turbulence within the stock market, which may persist until after the elections Many traders do believe that the rest of Q4 will be a bullish month for BTC, as this may be when it can decouple from the stock market […]

Related News

Analyst: Bitcoin’s Dominance to Peak in December, Sparking Altcoin Buying Frenzy

Bitcoin has seen a massive upswing over the past couple of days that brought a firm end to its consolidation phase and is now allowing it to confront its key resistance around $12,000. This level has been holding strong as resistance, and throughout the year, any break above this level was met with heavy selling […]

Trader Claims Uniswap’s UNI Will Plunge to $2.00 Prior to Platform’s V3 Launch

Uniswap’s UNI token has been struggling to garner any sustainable upwards momentum over the past few days and weeks, with each rally being met with massive inflows of selling pressure that force its price lower. There are no immediate catalysts for it to see any significant upside, as it will still be quite some time […]

Bitcoin Derivatives Platform Resumes Trading After Mt Gox-Induced Freeze

Derivatives trading site has resumed trading after a few weeks of downtime induced by the Mt. Gox collapse. The company has signed Bitstamp as its new exchange partner, said CEO Joseph Lee. suspended its operations until further notice on February 25, after Mt. Gox imploded. At the time, Lee told CoinDesk that he had no prior warning from the exchange, even as a business partner. went to Gox to trade bitcoins on behalf of its customers, who were using Lee's site to trade bitcoin-based derivatives. The company was up to around $40m in brokered trades by the time....

This Technical Pattern Suggests’s YFI Could Plunge to Sub-$7,000’s price action has been far from bullish over the past few weeks, with bears aggressively selling into each price pump as buyers continue struggling to gain any traction. There are many different factors behind this descent, including a downturn seen across the aggregated DeFi space, a fractured community, and founder risk that is growing […]

Economist: DeFi Altcoins Have Bottomed as Bitcoin Reverses Downtrend

The DeFi sector has been facing immense selling pressure in recent weeks, with the price declines seen by both Bitcoin and Ethereum creating notable headwinds that caused many previously bullish assets to plunge by 50% or more. Bitcoin’s peak at $12,400 came about just days before the entire market began trending lower, with it still […]