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I am into same position
Bilo_31
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$WIF Hold Or Close ?
Experts please guide .
Izjava o omejitvi odgovornosti: Vključuje mnenja tretjih oseb. Ni finančni nasvet. Lahko vključuje sponzorirano vsebino.
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“U.S. Government Authorized to Sell $6.5 Billion in Seized Bitcoin: Market Impact Looms” As of January 9, 2025, the U.S. government has received judicial approval to liquidate approximately 69,370 bitcoins (valued at around $6.5 billion) seized from the Silk Road darknet marketplace. The Department of Justice (DOJ) sought expedited permission for this sale, citing concerns over price volatility. While the court’s ruling authorizes the sale, the process involves several administrative steps, and an immediate liquidation is not guaranteed. In recent months, the DOJ has already sold portions of the seized Bitcoin. On December 3, 2024, the U.S. government transferred nearly $2 billion worth of Silk Road Bitcoin to Coinbase, indicating preparations for sale. Investors are concerned that the government’s Bitcoin sales could introduce market volatility and impact cryptocurrency prices.
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“Cryptocurrency Crash: Rising Bond Yields and Fed Fears Trigger Sharp Decline” On Tuesday, January 7, 2025, Bitcoin and other cryptocurrencies experienced a significant decline, erasing gains from the previous day. This downturn is attributed to several factors: 1. Strong U.S. Economic Data and Federal Reserve Concerns: Robust economic indicators from the U.S. have heightened fears that the Federal Reserve may maintain higher interest rates for an extended period. Such monetary policies can reduce liquidity in financial markets, negatively impacting riskier assets like cryptocurrencies. 2. Bond Market Volatility: Rising U.S. bond yields have made traditional financial instruments more attractive, leading investors to shift funds away from cryptocurrencies. This reallocation has exerted downward pressure on crypto prices. 3. Market Liquidations: The sudden price drop triggered a wave of liquidations in the crypto market, with reports indicating that traders faced losses exceeding $205 million. These liquidations can exacerbate price declines as leveraged positions are forcibly closed. These combined factors have contributed to the recent volatility and decline in cryptocurrency valuations.
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Hold
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no doubt
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“IRS Provides Tax Relief for Cryptocurrency Holders: What It Means for XRP Investors” The Internal Revenue Service (IRS) has introduced temporary relief measures affecting cryptocurrency tax reporting, which may impact XRP holders. Previously, the IRS planned to enforce the First-In, First-Out (FIFO) accounting method for calculating capital gains on digital assets, potentially leading to higher tax liabilities for investors. Recognising the challenges this posed, the IRS has postponed the mandatory implementation of FIFO until December 31, 2025. This extension allows taxpayers to continue using alternative accounting methods, such as Highest-In, First-Out (HIFO) or Specific Identification (Spec ID), offering greater flexibility in managing tax obligations. It’s important to note that this relief is not specific to XRP but applies broadly to all digital assets.
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