Ethereum (ETH) Price Turns Deflationary Even Before The Merge, Here's Why

Analyst Says 3 Possible XRP Price Paths As XRPL Activity Explodes

bitcoinist38m ago

Has Bhutan Stopped Mining Bitcoin? New BTC Moves Fuel Fresh Questions

Bhutan's recent Bitcoin transfers, totaling $72.3 million over 24 hours, have raised questions about whether the country has stopped mining BTC. Blockchain analytics firm Arkham noted that the last significant inflow to known Bhutan-linked wallets was over a year ago, suggesting the state-backed mining operation may have slowed or halted. However, alternative explanations exist, such as seasonal hydropower limitations or the use of unidentified wallets for mining rewards. Bhutan has historically framed its Bitcoin strategy as a long-term national commitment rather than speculative trading. The ongoing outflows indicate distribution rather than accumulation, but the true status of Bhutan's mining activities remains uncertain.

bitcoinist41m ago

‘Tax headache eased?’ IRS extends crypto relief to end of 2026

The U.S. IRS has extended temporary tax relief for cryptocurrency investors until the end of 2026, allowing them to use alternative methods to calculate capital gains instead of relying solely on broker-submitted reports. This is the second such extension and aims to reduce tax burdens for investors. Previously, the mandatory FIFO (first-in, first-out) method often resulted in higher taxes by requiring the sale of older, more appreciated coins first. The alternative methods enable investors to potentially report more recent, lower-gain or loss-making sales. The relief also addresses operational challenges for crypto exchanges, which faced significant compliance burdens under the stricter reporting rules. The IRS is gradually phasing in reporting requirements and has proposed making electronic submission the default for tax documents.

ambcrypto53m ago

Bitcoin ETFs just broke its longest inflow streak after months – Here’s why

Bitcoin ETFs ended a five-month-long inflow streak on March 18th with $129.6 million in outflows, largely driven by a shift from BlackRock’s IBIT, which saw $33.8 million exit. Prior to that, from March 9th to 17th, nearly $1 billion had flowed into these funds, with BlackRock dominating the inflows. The sudden reversal coincided with a drop in market sentiment, pushing the Crypto Fear and Greed Index into "Extreme Fear" and Bitcoin’s price down nearly 6% to around $70,323. Despite the pullback, exchange outflows suggest many investors continue holding BTC. Broader crypto ETFs also saw outflows, but institutional interest is evolving beyond Bitcoin, as seen with T. Rowe Price’s filing for an actively managed crypto ETF. The short-term sell-off may not negate the longer-term institutional momentum.

ambcrypto1h ago

Gold Plunges 7% in a Single Day, War Fails to Boost Safe-Haven Assets | Rewire Evening News

Gold and silver experienced a sharp decline, with gold dropping 7.2% to $4,551 and silver falling 13.9% to $66.93, despite ongoing Middle East tensions. This unusual drop in traditional safe-haven assets is attributed to a stronger US dollar, rising inflation expectations, and tightening liquidity. The conflict escalated as Israel targeted Iran's South Pars gas field, a key global LNG source, driving oil prices to record highs. Iran retaliated by attacking energy facilities in Saudi Arabia and the UAE. The Pentagon labeled Anthropic's AI safety protocols a national security risk, amid broader military AI adoption. Crypto.com cut 12% of its workforce, reflecting a industry shift toward AI-driven operations. Global stock markets fell due to combined pressures from hawkish Fed policies, energy-driven inflation, and supply-side constraints. The BOJ maintained rates but raised inflation risks, while Apple plans to integrate Gemini-powered Siri. US gasoline prices surged, reinforcing stagflation narrative.

marsbit1h ago