BTC tries to reclaim $62,000 while altcoins remain below peaks. NOT Coin trades at $0.0154 with support at $0.0150. Continue Reading: Bitcoin Attempts to Reclaim $62,000
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Source: CoinTurk News
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IRS Reveals Final Draft For Crypto Broker Requirements
The Internal Revenue Service (IRS) did not include decentralized exchanges or self-custodial wallets under its crypto broker reporting requirements. The United States Internal Revenue Service (IRS) revealed its final draft of the new crypto broker reporting requirements on June 28, and clarified the scope of industry participants affected by the new rule changes. According to CoinTurk News
Long-Term BTC Holders Reduce Holdings Amid Market Volatility And Increased Retail Activity
Throughout 2024, long-term Bitcoin holders have been steadily reducing their holdings. In May, there was a notable sell-off, with 160,000 BTC (approximately $10 billion) sold. This trend slowed somewhat in June, with 40,000 BTC leaving long-term holders’ wallets. Long-term BTC holders have been reducing their holdings throughout 2024. May saw CoinTurk News