Altcoin News by Thebittimes.Com

June is a historically losing month for Bitcoin (BTC), a pattern repeating as the end of the month approaches. Conversely, July is a historically winning month, with primarily positive returns for investors who built long positions. Finbold retrieved data from CoinGlass , highlighting Bitcoin’s monthly returns for the last 12 years since 2013. Notably, all nine months have had gains on their 12-year averages and medians except for June, August, and September.  This year’s June has not been different. As of this writing, BTC registers 5% losses month-to-date, just one week before it ends. On average, June brought 0.19% losses to Bitcoin traders and a median of 0.5% negative performance since 2013. Picks for you Bitcoin targets $90K on high time frame bullish signals 54 mins ago ...

As traditional fiat currencies face the specter of inflation due to various economic factors, alternative assets like Bitcoin (BTC) have gained increasing attention as potential hedges against this phenomenon. But can Bitcoin hedge against inflation? In this article, we’ll delve into the dynamics of inflation, explore how Bitcoin operates in this context, and evaluate its effectiveness as a hedge against inflationary pressures. What is inflation? Before we dive into the role of Bitcoin, it’s essential to grasp the concept of inflation . Inflation refers to the rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power over time. It’s typically measured as an annual percentage increase in the consumer price index (CPI) or the producer price index (PPI). Inflation occurs due to various factors, including: Picks for you Could this pharmaceutical company skyrocket to a trillion-dollar valuation? Why you...

President Joe Biden recently brought taxes – capital gains taxes – into the forefront of the discussion with a budget plan that immediately proved a hot topic of discussion. The plan would entail raising the maximum capital gains tax rate to an unprecedented 44.6%. For comparison, the rate started off at 7%, rose to 12.5% with the introduction of the Revenue Act in 1921, and only briefly stood at the previous record of 40% under President Carter. Biden’s proposal also made a stir as it included another unprecedented element: an unrealized gains tax that would affect investors worth more than $100 million. Picks for you Macroeconomist predicts one final rally before ‘worst recession since 1929’ 40 mins ago Crypto.com reaches over 100 million global users  18 hours ago AI predicts Platinum price for May 31, 2024 19 hours ago How to invest 100k to make $1 million: A guide to maximizing your returns! 19 hours ago Having analyzed in res...

Bitcoin has delivered gains that "set the foundation for a resumption of the 2023 uptrend," says the latest BTC price analysis from Glassnode. Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode says as October gains near 30%. In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, research ers argued that the past week “sets the foundation” for a BTC price uptrend . BTC price "convincingly" beats out resistance levels As it hit $35,200 this week, Bitcoin eclipsed various key trendlines, which had previously acted as support for months. These included various moving averages (MA), among them the 200-week simple MA at $28,400 — the classic “bear market” support line. “A cluster of long-term simple moving averages of price are located around $28k, and have provided market resistance through September and October,” Glassnode noted. “After a month of the market grinding higher, the bulls found sufficient...