Author: Kryptonews

Where bitcoin trades from here: Expect patience before the next leg higher.Hougan expects bitcoin to trade sideways between roughly $75,000 and $100,000 in the first half of the year.“There’s still a lot of Bitcoin for sale around $100,000,” he said, pointing to options-market positioning.A breakout is more likely later in the year as regulatory clarity improves and macro risks are digested.Why precious metals matter: Gold’s rally reinforces bitcoin’s long-term case.Hougan said the surge in gold reflects global concerns about fiat currencies and asset seizure risk.Silver, he added, looks like a late-stage momentum trade, similar to a speculative altcoin rally.Over time,…

The European Commission said it will send formal notices to 12 countries for failing to fully implement the EU’s tax reporting rules for digital assets.In its January infringements package released on Friday, the commission, which serves as the European Union body responsible for proposing legislation and ensuring member states follow certain laws and regulations, said Belgium, Bulgaria, Czechia, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta, the Netherlands, Poland and Portugal would face letters of formal notice “to fully implement the new tax transparency and information exchange rules on crypto-assets.” Citing EU directives, the commission said it would give the member states…

Former Binance CEO Changpeng “CZ” Zhao has pushed back against allegations that the cryptocurrency exchange played a role in the largest liquidation event in crypto history, a sell-off whose effects are still rippling through markets more than three months later.Speaking during a Q&A session on Binance’s social media channels, Zhao denied that Binance was a major contributor to the record wave of forced liquidations on Oct. 10, when roughly $19 billion in positions were wiped out across the crypto market.Zhao described claims that Binance was responsible for the crash as “far-fetched,” according to Bloomberg.“There are a larger group who claim…

JPMorgan Chase CEO Jamie Dimon reportedly confronted Brian Armstrong during a coffee chat at Davos last week, telling the Coinbase CEO to stop lying about banks trying to sabotage the digital asset market structure bill under consideration in the US Congress.According to a Thursday report from The Wall Street Journal, the confrontation between Dimon and Armstrong occurred at the World Economic Forum last week when the Coinbase CEO was having coffee with former UK Prime Minister Tony Blair. Dimon reportedly interrupted Armstrong, saying the CEO was “full of s—,” referring to TV interviews in which the Coinbase CEO accused banks…

The Dow Jones Index and the crypto market slipped as investors reacted to Donald Trump’s decision on Kevin Warsh to be the next Federal Reserve Chairman. Summary The Dow Jones Index dropped by over 0.40% on Friday. The crypto market also dropped, with Bitcoin and most altcoins being in the red. These assets dropped after Donald Trump nominated Kevin Warsh for the Fed Chair. The Dow Jones, S&P 500, and Nasdaq 100 indices dropped by over 40 basis points, while the crypto market crash gained steam. Bitcoin (BTC) moved below $82,000 for the first time in weeks. Ethereum (ETH) dropped…

Ether (ETH) could see another sharp drop after losing the support level at $2,800, with technical charts and onchain data suggesting the downtrend will continue. Key takeaways:Ether’s descending and symmetrical triangle setups converge at $2,100.Ether is at levels that have previously preceded deeper price corrections, based on onchain data.Ether’s chart technicals converge at $2,100The ETH/USD pair has dropped by over 10% in the last three days, dipping below the key support at $2,800.Ether has not traded below this level since Dec. 3, 2025, and losing it suggests lower ETH price levels could be in the cards.Related: Crypto market weakness persists,…

The newly released Jeffrey Epstein files contain a 51-page document cataloging a host of masterworks that appear to belong to Leon Black, a major art collector and businessman whose dealings with Epstein are well-documented. The document does not name Black, a trustee and former board chair at the Museum of Modern Art. His connections to Epstein, a convicted sex offender, fully came to light in 2021, resulting in him not seeking reelection as chair. At the time, several high-profile artists called for his removal from the board altogether. But it does state these artworks—by artists ranging from Michelangelo to Picasso—belong…

The European Union’s new crypto tax reporting regime under DAC8 is intentionally focused on enforceable targets, leaving decentralized finance (DeFi) outside its scope for now.Colby Mangels, a former adviser to the Organisation for Economic Co-operation and Development (OECD) and now Taxbit’s global head of government solutions, said the rules prioritize identifiable intermediaries such as custodians and exchanges, which will be required to collect and report standardized user activity data under the OECD’s Crypto Asset Reporting Framework (CARF).However, the DeFi carve-out may not last. Mangels said tax authorities are increasingly drawing on Anti-Money Laundering (AML) frameworks to define accountability in crypto…

The bubble in precious metals might have popped this week, with silver’s violent decline on Friday leading the group lower.Having touched a new record of $120 per ounce earlier in the session, silver has pulled back to $75 in U.S. afternoon hours, now lower by 35% for the day. Gold — which as recently as Sunday had never seen $5,000 per ounce — climbed to $5,600 at one point Thursday, but has now retreated to $4,718, down 12% for the day.Platinum is now lower by 24% and palladium by 20%.U.S. stocks are selling off as well, the Nasdaq down 1.25%…

Bitcoin’s sharp reversal this week has pushed it outside the world’s 10 largest assets by market capitalization, underscoring how difficult price action has been in recent months as markets continue to digest the cryptocurrency industry’s largest forced liquidation on record.Hovering around $83,000 per coin, Bitcoin’s (BTC) market capitalization has slipped to about $1.65 trillion, ranking it 11th globally. That places it just behind Saudi Aramco, the state-run oil giant, and below Taiwan Semiconductor Manufacturing Co. (TSMC), according to market data trackers.By contrast, gold has surged to the top spot by a wide margin following a record-breaking rally, cementing its position…