Tag: Bitcoin

Cato Scholar Calls For Ending to Bitcoin Capital Gains Tax

admin

Cato Institute, a US-based think tank, has argued the government should remove capital gains taxes on Bitcoin and other cryptocurrencies to open the door for more currency competition. Capital gains tax (CGT) is discouraging the use of alternative currencies like Bitcoin (BTC) as it incentivizes long-term holding and adds extra burdens to reporting requirements, Nicholas Anthony, a policy scholar and research fellow at the Cato Institute, said in a report on Wednesday. He argued the simplest option is to end capital gains taxes completely; however, another option could be removing…

Bitcoin faces selling pressure after rally to $76K, traders see no $82K path

admin

Bitcoin’s climb to $76,000 has stalled as CryptoQuant reports near-term selling pressure, and the Polymarket contract for Bitcoin reaching $82,000 by April 15 sits at 0% YES. Market reaction Bitcoin’s odds of hitting $82,000 by April 15 are at 0%, meaning traders expect no rally in the immediate term. The drop follows profit-taking and increased selling as Bitcoin approached $76K. With $146 needed to move the price by 5 percentage points, the market is thin and highly sensitive to large trades. Why it matters Bitcoin maintaining above $60,000 by April…

BitMEX Proposes Quantum Canary to Avoid Bitcoin Freeze

admin

BitMEX Research has proposed an alternative to freezing quantum-vulnerable dormant Bitcoins, advocating a wait-and-see approach and a “canary fund” with a quantum bounty instead.  BitMEX Research proposed a soft fork on Thursday that would only activate a full freeze of vulnerable coins if it is “proven that a quantum computer capable of stealing Bitcoins actually exists.” The system uses a “canary approach,” creating a special Bitcoin (BTC) address using a “Nothing-Up-My-Sleeve Number” (NUMS). This is a cryptographic proof in which the private key is unknown, but it is a valid…

Bitcoin Hitting Resistance After Rally to $76K: CryptoQuant

admin

Bitcoin deposits to crypto exchanges surged on Tuesday as it rallied above $76,000, suggesting it is hitting “near-term selling pressure” as investors move their coins into a position for sale, according to CryptoQuant. In a report on Wednesday, CryptoQuant said the size and rate of Bitcoin (BTC) inflows to exchanges have increased since the rally, with hourly inflows spiking to 11,000 BTC, the highest since December. CryptoQuant said it is a “historically reliable warning signal of near-term selling pressure, as holders move coins to exchanges in preparation for potential distribution…

Bitcoin Price Targets $75K Break, Is a New Rally Incoming?

admin

Bitcoin price started a fresh surge and cleared the $74,500 zone. BTC is consolidating and might aim for more gains above the $75,000 level. Bitcoin managed to stay above $73,500 and started a fresh increase. The price is trading above $74,000 and the 100 hourly simple moving average. There is a declining channel forming with resistance at $75,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $73,650 and $73,300 levels. Bitcoin Price Aims for Steady Gains…

Bitcoin exchange inflows hit 11K BTC/hour as price reaches $76K resistance

admin

Bitcoin exchange inflows surged to approximately 11,000 BTC per hour as the price hit $76,000 resistance, the highest inflow rate since December 2025. This signals potential selling pressure from large holders, which could prevent Bitcoin from reaching a new all-time high by March 31, 2026. Odds for Bitcoin achieving an all-time high by June 30 sit at 3.4% YES, up slightly from 3% a day ago. ## Market reaction The increased exchange inflows suggest whales may be looking to take profits amid macroeconomic headwinds like inflation fears and Middle East…

Bitcoin Should Prepare For Quantum Despite No Looming Threat

admin

Blockstream CEO Adam Back, an early pioneer of the crypto movement, said Bitcoiners should be looking at building quantum-resistant solutions now, even if the threat is still decades away.  “Quantum computing still has a lot to prove. Current systems are essentially lab experiments. I’ve followed the field for over 25 years, and progress has been incremental,” Back said at Paris Blockchain Week on Tuesday. “That said, Bitcoin should prepare,” Back said, adding that the “safest approach” is to build optional upgrades that allow migration to quantum-resistant cryptography if needed. Concerns…

Bitcoin Stalls at $76K As Profit-Taking Hit 63K BTC

admin

Bitcoin’s (BTC) rally stalled above $76,000 stalled on Tuesday after short-term profit-taking by traders reached its highest level in 2026.  The activity coincided with continued accumulation by long-term holders, and this opposing interaction between the two cohorts may continue to impact Bitcoin’s attempts to break into the $80,000 range. Bitcoin profit-taking meets whale demand New Bitcoin short-term holders moved their holdings as BTC in profit sent to exchanges reached 63,000 BTC on April 14, the highest level in 2026, since the 44,800 spike on Jan. 14. BTC short-term holder P&L…

Tether moves $70M in Bitcoin to reserve wallet as holdings top 97,000 BTC

admin

Tether moved 951 Bitcoin worth about $70 million to a reserve wallet earlier today, according to Arkham tracked wallet activity. The transfer was made when Bitcoin was trading near $74,200. At press time, Bitcoin was changing hands around $75,000, lifting the stablecoin issuer’s identified holdings to roughly 97,204 BTC, worth about $7.26 billion. The move appears consistent with Tether’s longer running reserve strategy rather than a sudden change in allocation. In May 2023, the company said it would regularly direct up to 15% of its net realized operating profits toward…

Bitcoin Trend Reversal May Confirm If BTC Closes Above $76K

admin

Key points: Bitcoin’s shallow pullback from the $76,000 resistance suggests that buyers are holding onto their positions, expecting the recovery to continue. Select major altcoins are showing strength and are expected to break above their overhead resistance levels. Bitcoin (BTC) pulled back after crossing the $76,000 level on Tuesday, but a positive sign is that bulls have not let the price dip below $73,500. That suggests the bulls are holding their positions as they expect the overhead resistance to be broken. Another encouraging indication for the bulls is that BTC’s…