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NFT sales on the Bitcoin network hit 881 million in December 2023, becoming the highest monthly sale ever.
#Bitcoin
#BTC！
#cryptocreep
#CryptonewswithJack
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Today, Russian President Vladimir Putin approved new legislation establishing a taxation framework for cryptocurrencies, recognizing digital assets like Bitcoin as property. The announcement was made official by its publication on the Russian legal acts website. The bill had already received approval from the Federation Council. The bill classifies crypto as property under the Russian Internal Revenue Code, implementing a tax framework for the digital asset industry. Notably, the legislation exempts cryptocurrency mining and sales from value-added tax (VAT), creating a distinctive regulatory approach to digital asset operations. #CryptoNewsUSA
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#Algorand price action showcases a bullish breakout of a long-coming resistance trend line in the weekly chart. The current recovery run started with a bullish engulfing candle formed in the early week of November. This accounted for a 32% surge, creating the first bullish engulfing candle in this recovery rally’s weekly chart. Since then, Algorand’s price action has formed four consecutive bullish candles and has surpassed the $0.35 mark. Starting from the $0.10 psychological mark, the bull run now accounts for a 225% surge. The breakout rally is challenging the 200-week EMA line, slightly below the 50% Fibonacci level. Following the bullish crossover of the 100-week EMA line, the upward movement in the 50-week EMA line increases the likelihood of another bullish crossover. With the ongoing recovery, the merged MACD and signal lines have significantly diverged in a bullish alignment, and the positive histograms have surged. #CryptoNewsDaddy Algorand Price Chart
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