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US Congressman Warren Davidson confirmed that they successfully blocked some proposed taxes by the Biden administration including 30% proposed tax on crypto miner's electricity bills.
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The crypto bull market is intensifying as the new week begins, with top altcoins like XRP and Cardano (ADA) showing impressive price gains. Remarkably, both assets have successfully recaptured the long-lost $0.60 level. XRP and Cardano Price Movement XRP hit an intraday peak of $0.6160 on Sunday, which is approximately 25% up from the $0.50 level it traded last week. Notably, XRP was last seen around the $0.61 mark six weeks ago. Meanwhile, Cardano has rallied even stronger than XRP. Today, ADA touched $0.6523 for the first time in seven months. Notably, ADA’s comeback saw it surge by 51% from a low of $0.4327 to $0.6523 in one day. Meanwhile, XRP’s intraday gain was 12%, rising from $0.5188 to $0.6160. This price surge in both altcoins follows Bitcoin’s recent all-time high above $80,000, fueling the market’s growing intensity. Until now, XRP and ADA had been laggards, showing minimal movement in the bull market, leading some critics to label both assets as “dead.” However, the tide is now turning as both coins reclaim multi-week highs. Now, market analysts believe there’s still more upside potential for these assets, despite the recent explosive gains, with some issuing bold price targets. #XRP #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewss
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The Royal Government of Bhutan has sent 367 bitcoins, worth $33.51 million, to Binance, the leading crypto exchange by trading volume. In a Thursday transaction, the fourth-largest Bitcoin-holding government sent 367 BTC, valued at $33.51 million, to a Binance Deposit address. Data from Lookonchain shows that the possible sale happened by 12:06 (UTC) today. Bhutan sold the portion of its billion-dollar Bitcoin stash at an average cost of $91,242 per coin, incurring a transaction cost of 0.00130176 BTC ($118.76). Meanwhile, the nation still holds 12,573 BTC after the Thursday transaction, worth $1.15 billion. #Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
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BlackRock’s Bitcoin ETF has seen a record-breaking single-day turnover of $5 billion amid Bitcoin’s ongoing spectacular price rallies. Bitcoin reached a new all-time high on November 13, hitting $93,477 during late trading. This milestone was accompanied by unprecedented activity in the Bitcoin exchange-traded funds (ETFs) market. In a post on X, Bloomberg analyst Eric Balchunas revealed that the iShares Bitcoin Trust (IBIT), managed by BlackRock, recorded a $5 billion daily trading volume on Wednesday, surpassing its previous record. Balchunas noted that only three other ETFs and eight individual stocks saw higher volumes on that day. Over a three-day period, IBIT amassed $13 billion in trading activity, signaling a substantial rise in investor interest. Other Bitcoin ETFs, such as Fidelity’s FBTC, also saw notable increases in trading volumes, though on a smaller scale. Meanwhile, the broader Bitcoin ecosystem has also experienced a surge, with weekly trading volumes hitting $110 billion — an all-time record — with two days still remaining in the trading week. #Bitcoin #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA
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"FLOKI Rallies Above $0.00020, Marking a Strong Breakthrough Toward New Heights"
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Galaxy Digital founder and CEO Mike Novogratz has asserted that Bitcoin would hit $800,000 in five to ten years, citing gold’s correlation. In an interview with Bloomberg, Novogratz became the latest to argue that Bitcoin would hit gold’s market cap. He noted that Bitcoin would trade at $800,000 in the next five to ten years, matching gold’s current $16 trillion valuation. Novogratz cited a shift in market interest among the emerging generation. He stated that the next generation of investors are more attracted to Bitcoin, which they perceive as a digital store of value, over gold. #Bitcoin #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewss
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