MicroStrategy Acquires 5.2K Bitcoin at an Average Price of $106K
MicroStrategy, the prominent corporate Bitcoin investor, has continued its strategy of aggressively expanding its cryptocurrency holdings, as per its founder’s commitment to acquiring Bitcoin even at premium prices. Between December 16 and 22, the firm purchased 5,262 BTC, investing approximately $561 million, according to an official announcement made on December 23. This acquisition reflects the […]
IRS Intensifies Focus on Crypto Staking Taxes
The U.S. Internal Revenue Service (IRS) has reinforced its position on taxing cryptocurrency staking rewards, rejecting a legal argument that such rewards should only be taxed when sold or exchanged. A Dec. 23 report from Bloomberg reveals that the IRS dismissed claims from Joshua and Jessica Jarrett in their second lawsuit against the agency. The […]
Bitcoin extends losses as traders see sub-$90K BTC price support test
Bitcoin slid beneath the $94,000 mark on Dec. 23 as the reopening of traditional financial markets provided little support for bulls. BTC Price Watch: Could $85K Be the Next Big Opportunity? Data from TradingView showed BTC/USD slipping 1.2% in daily trading as of this writing. Following a weekend rally to $99,500 that was quickly reversed […]