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Bitcoin (BTC) continued its current correction with a dip below $59,000 on Thursday. The alpha cryptocurrency may have been affected by the news out of the Consumer Price Index Report that inflation had increased 0.2% in September, which was a more than expected rise.   Inflation increase and SEC action weigh on $BTC The possible reemergence of inflation might become a worry once again for the U.S. Federal Reserve. With Thursday’s publication of the inflation figures for September, it was…

Current BTC And ETH’s Slow Recovery Is Pushing Investors To Increase Their Cutoshi (CUTO) Holdings For Maximum Returns It's Uptober season in the crypto market, but most of the top altcoins are not trending as expected. In fact, the top two cryptos–Bitcoin (BTC) and Ethereum (ETH)–are experiencing Ihuge outflows on their ETFs, impacting their token prices negatively. There's a lot to consider as the token prices are declining. However, profits are paramount in the minds of traders, and they are…

Bitcoin price corrected gains and tested the $61,850 zone. BTC is consolidating and might aim for a fresh increase above the $62,500 resistance. Bitcoin is holding gains above the $61,850 zone. The price is trading below $62,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $61,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a close below…

Dogecoin (DOGE), the original meme coin that took the crypto world by storm, has struggled in recent months. Despite its strong community and celebrity endorsements, Dogecoin (DOGE) has only managed a modest 1.62% price increase in the last few weeks. As investors seek bigger returns, many are turning their attention to GoodEgg (GEGG), a new AI-driven meme sensation preparing for Tier 1 listings. With its innovative platform that merges social interaction and AI technology, GoodEgg (GEGG) offers something fresh in…

The memecoin market is buzzing with activity, but not all tokens are meeting the high expectations of their investors. Floki (FLOKI), one of the more prominent memecoins, has recently experienced a 5.88% price increase, but this growth has left many of its investors wanting more. Meanwhile, a surge of interest has shifted towards GoodEgg (GEGG), a rising competitor, which has witnessed an influx of whales and an impressive price movement. GoodEgg Attracts Whales Amidst Floki’s Stagnation While Floki (FLOKI) struggles…

The cryptocurrency market is never short of excitement, and as we head into the final quarter of 2024, two meme coins are grabbing all the attention—PepeCoin (PEPE) and GoodEgg (GEGG). Both tokens are at the center of whale activity, with major investors accumulating them ahead of anticipated price surges. PepeCoin (PEPE) has been on the radar of meme coin enthusiasts for some time, but GoodEgg (GEGG) is the new contender that's giving PEPE a run for its money. PepeCoin (PEPE)…

Dogecoin (DOGE), the leading meme coin in the crypto sphere, witnessed a notable uptick on Thursday, propelled by the influential backing of Tesla and SpaceX tycoon Elon Musk, a longstanding advocate of the digital asset.  Musk once again showcased his support for Dogecoin through a cleverly crafted social media post, triggering a surge in the token’s value and stirring reactions across the cryptocurrency community. Elon Musk’s DOGE Humor Boosts Price, Michael Saylor Chimes In In a characteristic move on Thursday,…

The post Russia Eyes Increase in Crypto Mining Tax with New Legislation appeared first on Coinpedia Fintech News According to the local news report, at the Eastern Economic Forum (EEF-2024), Sergey Bezdelov, Director of the Industrial Mining Association, announced that Russia mined 54,000 bitcoins in 2023, generating 50 billion rubles in taxes. Bezdelov noted that with the upcoming “gentle” regulation of cryptocurrency mining, the tax contribution is set to increase as new infrastructure investors join the market. This comes after…

As the cryptocurrency market continues its unpredictable journey, one thing remains clear: savvy investors are always on the lookout for the next big opportunity. Recently, a significant movement has been observed among Pepecoin (PEPE) holders, with one particular whale making waves by accumulating millions of Mpeppe (MPEPE) tokens just before an anticipated price increase. This strategic move has piqued the interest of both Pepecoin enthusiasts and broader crypto investors, indicating that Mpeppe might be on the brink of something substantial.…