Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$102,162.00
-1.73%$2,435.62
-3.14%$2.45
2.26%$643.85
-1.90%$168.08
-3.81%$0.999969
0.00%$0.220905
-7.79%$0.780905
-4.44%$0.262791
-1.48%$2,433.90
-3.00%$102,151.00
-1.46%$3.87
-5.02%$16.25
-5.19%$2,923.00
-3.11%$23.69
-5.86%$0.29997
-3.73%$0.00001502
-8.72%$0.20318
-2.85%$3.23
-7.09%$8.61
2.81%$23.71
-3.75%$394.36
-3.49%$1.083
-14.22%$100.94
0.07%$4.89
-4.77%$0.999839
-0.01%$2,437.25
-3.00%$335.68
0.17%$2,600.04
-2.97%$0.996103
-0.39%$0.00001299
-9.97%$4.66
-3.94%$1.001
0.10%$102,263.00
-1.64%$30.17
0.17%$6.60
-5.81%$446.82
-5.27%$3.04
-4.43%$5.56
-7.08%$53.61
-2.74%$212.88
-3.63%$0.982183
-6.87%$5.52
-5.02%$1.00
0.00%$19.14
-4.86%$0.110495
-9.61%$0.097003
-2.12%$33.77
-1.50%$21.56
-1.51%$0.780693
-2.09%$1.051
0.04%$4.92
-6.89%$0.02957407
-6.38%$12.47
-10.40%$5.06
-4.78%$0.246427
-4.69%$0.99936
-0.16%$1.17
0.08%$0.362808
-12.27%$0.797304
-7.44%$102,200.00
-1.38%$2.98
-6.36%$0.22868
-5.41%$0.412162
-10.21%$3.00
-7.49%$4.37
0.12%$0.557688
-5.87%$1.20
-8.05%$0.00002115
-8.71%$4.50
-1.89%$0.52867
-9.14%$0.999826
-0.09%$2,427.65
-3.68%$1,730.93
-4.88%$0.942539
-5.73%$11.30
-0.48%$2,538.18
-3.50%$176.03
-4.23%$93.43
-6.45%$0.85257
-7.72%$0.780263
-10.82%$0.251146
-4.65%$1.28
-6.48%$0.0195294
-0.93%$12.99
-3.32%$4.54
-5.04%$1.25
-1.83%$1.92
-5.94%$0.67281
-8.53%$0.072955
-3.43%$2,760.54
-3.30%$1.00
0.02%$0.113659
-5.58%$101,808.00
-1.82%$1.077
-1.51%$0.0001045
-7.97%$0.715782
-8.33%$0.958978
-4.54%$642.12
-2.20%$0.01906014
-1.50%$1.026
-6.75%$0.020677
-7.41%$2,597.87
-3.11%$217.64
-3.55%$0.996323
-0.43%$0.99995
0.01%$0.01369611
-6.13%$2.95
-6.39%$186.56
-3.62%$102,329.00
-1.45%$0.340813
-4.96%$0.825412
-3.75%$3,238.38
-1.39%$0.632581
-5.25%$102,061.00
-3.97%$0.00000079
-3.84%$0.230994
-11.39%$1.00
-0.00%$2,551.79
-2.99%$101,493.00
-2.15%$3,247.40
-1.25%$38.64
-7.25%$0.074113
-11.93%$2.29
-6.88%$0.124218
-1.36%$0.727448
-0.54%$21.91
-6.20%$12.67
-8.49%$0.43684
-4.59%$0.654827
-2.83%$42.49
-5.22%$0.729741
-9.16%$2,534.01
-3.79%$3.67
-8.39%$1.89
4.04%$0.351066
-4.98%$0.178523
-4.32%$0.997804
-0.03%$1.95
-7.12%$2.15
-1.93%$0.998734
-0.01%$3.69
-5.98%$1.11
0.36%$0.01715267
-4.09%$0.490273
-2.13%$0.219983
-8.57%$0.68734
-7.52%$111.03
0.02%$0.21686
0.32%$2,438.46
-3.09%$0.00941112
-7.84%$0.00581722
-6.09%$18.69
-4.89%$0.168357
-8.44%$0.671503
-6.28%$0.65299
-3.92%$2,436.57
-3.36%$0.53149
-6.57%$102,401.00
-1.37%$2,597.58
-3.02%$7.62
-7.15%$2,486.36
-4.29%$0.999999
-0.00%$7.03
-0.49%$0.999276
0.09%$0.454175
-3.90%$3.01
-3.61%$101,948.00
-1.29%$0.094401
-4.38%$0.066224
2.13%$0.00002382
-4.95%$0.187154
-9.59%$0.999999
0.00%$3.87
-10.21%$2,438.56
-3.28%$0.098213
-5.68%$99,009.00
-2.13%$0.00846785
-7.93%$0.679593
-3.07%$0.04602654
-4.59%$1.81
3.48%$0.00000043
-1.87%$2,434.59
-3.08%$1.51
-9.57%$0.158023
-0.92%$1.68
-7.02%$45.27
-6.14%$1.087
-0.01%$1.54
-5.08%$0.00000104
-12.81%$0.983448
-1.38%$0.246305
-4.72%$0.41527
-3.33%$0.391055
-6.66%$0.04159759
9.64%$101,502.00
-2.22%$1.003
0.26%$0.00549909
-12.09%$0.9999
-0.08%$33.97
0.13%$0.186112
-5.52%$1.24
-11.30%$0.393895
-7.28%$0.335045
-9.65%$0.01906609
-2.42%$0.03692687
-1.98%$0.798899
-6.77%$0.00427511
-4.62%$0.00006582
-5.97%$0.00355306
-4.82%$0.00000174
8.73%$0.84926
-4.19%$2,572.53
-3.68%$21.41
0.29%$0.349859
-7.85%$21.09
10.02%$133.16
-4.22%$1.00
0.04%$0.273476
-5.83%$2,678.29
-2.99%$102,081.00
-1.78%$0.00364834
-14.11%$3.89
-10.96%$2,658.97
-2.87%$0.995688
-0.39%$0.71297
-4.06%$23.69
-6.03%$1.00
0.09%$2.86
-4.48%$0.00075059
-2.01%$1.00
0.02%$23.75
-3.42%$0.22471
-4.52%$1.10
0.06%$0.53104
-4.26%$2,437.67
-2.98%$0.10987
15.94%$2,627.62
-3.28%$2,437.37
-2.83%$23.75
-5.04%$0.573712
-3.95%$0.999996
-0.01%$0.837162
-4.60%$0.283822
-1.12%$0.00378508
-1.66%$0.00274758
-11.07%$1.009
-7.55%$0.118131
-3.55%Reading
The cryptocurrency market is in the green this weekend despite upset on Capitol Hill.
Bitcoin, the world’s largest cryptocurrency, briefly surpassed $45,000 this morning to reach a 24-hour high of $45,241, according to data from CoinGecko. It’s now worth $44,733, up 3% since yesterday.
And Dogecoin’s price has surged 22% in the past week and 14% over the past 24 hours to trade at its current price of $0.26.
Shiba Inu (SHIB), a spinoff of Dogecoin created last year, joined the meme coin’s surge. It rose 16% in the past day and 28% in the past week.
Dogecoin is still down 64% from its all-time high of $0.73 on May 8. The coin became wildly popular earlier this year after celebrities like Elon Musk, Snoop Dogg and Gene Simmons promoted the coin on Twitter and TikTok influencers predicted it would go to the moon.
Not much else budged in the rest of the crypto market, marking an end—or at least an interlude—to the buoyant rise of the past week.
Ethereum led the charge among the major cryptocurrencies, rising 22% this week to its current price of $3,110.
Ethereum's rise follows the launch of EIP-1559 on August 5. The update burns ETH instead of paying it out to miners, making transaction fees more transparent and paving the road to Ethereum 2.0., the next generation upgrade to Ethereum that transitions the blockchain from proof-of-work to proof-of-stake.
The sea of green in the crypto market comes despite political strife in Washington over who has to report tax information to the Internal Revenue Service. Senators agree $28 billion of taxes from crypto will help foot the bill for President Biden’s new infrastructure bill, and they want the crypto industry to help prevent underreporting of crypto earnings.
The original proposal suggested that centralized and decentralized entities alike should hand over customer information to the IRS—even though decentralized entities, like DeFi protocols and Bitcoin miners, don’t collect information from the people who use them.
Two rival crypto provision amendments both exempt proof-of-work and proof-of-stake entities, but one has opted not to exempt other non-custodial entities from tax reporting obligations.
Leaders from the U.S. crypto industry fear that, should Congress vote to include this amendment in Biden’s infrastructure bill, they’d have to leave the country because they can’t comply with the new law.
But so far, the vote’s been delayed—and although the crypto market has stagnated, it hasn’t taken a hit. Dogecoin, however, continues to buck that trend.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
New York Mayor Eric Adams announced the city’s first official crypto summit on Monday, while reaffirming his goal to make New York “the crypto capital of the globe.” New York will host a major crypto summit on May 20, just two months after former U.S. President Donald Trump held a similar event at the White House. At a press conference on Monday, Mayor Eric Adams promoted the city’s growing blockchain sector, joined by Figure Firm co-founder June Ou and Traction and Scale CEO Richard Hecker. Ada...
The biggest holders of President Trump’s meme coin, who qualified for access to a private reception and dinner with the U.S. leader, held an average of nearly $4.8 million worth of TRUMP apiece to earn their spots via an official leaderboard ranking. Placements were calculated using a time-weighted average of TRUMP holdings between April 23 and May 12, providing a score that was ultimately used to rank registered users. The top 25 finishers were granted “VIP” status, with extra benefits, while a...
Shares of Coinbase jumped in after-hours trading after the S&P 500 announced that the cryptocurrency exchange's stock will begin trading on its index on Monday, May 19. COIN, which trades on the Nasdaq, rose 8% following the news, currently sitting at an after-hours price of $225 per share, as of this writing. The stock already rose nearly 4% during the trading day to finish at $207.22. Coinbase will replace Discover Financial Services (DFS) on the S&P 500, with the index noting that financial s...