Here’s what to expect from MATIC price as Polygon asserts dominance in Ethereum scaling solutions
Polygon, the Ethereum scaling solution is competing with Arbitrum and other layer-2 protocol’s bridges, asserting its dominance in the ETH ecosystem. The Ethereum scaling solution is on track to witness a bullish breakout from a symmetrical triangle pattern according to technical analysis of the Polygon token MATIC’s price chart.
Tezos Price Forecast: XTZ rally nearly out of fuel as some rough terrain lies ahead
Tezos (XTZ) price is seeing bulls hurrying up to cash in those last big profits as this rally is starting to flash warning signs. While global markets are getting unchained from what the US dollar is Doing, equity markets are rallying, with the S&P 500 breaking a crucial trend line that was the guide for the downtrend. With equities freed up now for more upside potential, cryptocurrencies are along for the ride, as the dislocation question between the markets and the central bank will soon get its answers from the US Federal Reserve as the first big central bank to make its appearance this year.
Jim Cramer warns investors to stay away from crypto: another buy signal for Bitcoin?
Jim Cramer, host of a popular financial news show “Mad Money” recently made comments on Bitcoin and Gold, sparking a debate in the crypto community. Cramer has received pushback from the crypto community in the past for his crypto recommendations, urging investors to shed their holdings right before Bitcoin’s massive bull run, fueling a narrative called “Inverse Cramer.”
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IRS says crypto staking should be taxed in response to lawsuit
The IRS stated that rewards from cryptocurrency staking are taxable upon receipt, according to a Bloomberg report on Monday, which stated the agency rejected a legal argument that sought to delay taxation until such rewards are sold or exchanged.
Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode
Solana is up 6% on Monday following a Glassnode report indicating that SOL has seen more capital increase than Bitcoin and Ethereum. Despite the large gains suggesting a relatively heated market, SOL could still stretch its growth before establishing a top for the cycle.
Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses
Ethereum is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000.
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery
The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17. Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
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