Strategy’s Bitcoin Cost Basis In Focus As Price Hovers Around $76K
In an interesting turn of events over the weekend, Bitcoin saw an abrupt liquidity cascade, with its price tumbling to as low as $76,000. Barely recovered from their weekday losses, BTC investors must be feeling hard done by, as rare weekend volatility sent them further down. One of these investors would be Michael Saylor, whose […]
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Data from Glassnode shows the Bitcoin long-term holder cost basis is currently above the realized price of the crypto. Bitcoin Long-Term Holder Cost Basis May Have Hints For Bear Market Length As per the latest weekly report from the analytics firm Glassnode, the LTH cost basis has remained below the realized price for a period […]
Bitcoin’s price crash over the weekend pushed some big holders into the red for a short while, but a handful of major players signaled they were still buying into the dip. Strategy’s executive chairman Michael Saylor posted on X “More Orange” after the slide, hinting at fresh accumulation for a company that has been steadily […]
When bitcoins are passed to an heir in a US inheritance, they are subject to a different tax rule than usual. The cost basis is no longer the purchase price of the bitcoins, which can lead to an heir paying less or more capital gains tax depending on whether the bitcoins had appreciated or depreciated. A little planning can help an heir maximize the....
Investor cost basis is an important focus for ARK Invest, part of an ongoing "tug-of-war" in the 2022 Bitcoin bear market. Bitcoin (BTC) holding $19,000 could be more important than traders realize, new data reveals.In the latest edition of its monthly report series, “The Bitcoin Monthly,” investment management firm ARK Invest flagged an ongoing battle for the defense of Bitcoin’s investor cost basis.Bitcoin investor cost basis buoys marketBitcoin price action is currently characterized by volatile moves within a clearly defined range only around $4,000 across.Having held since June, this....