Author: Cointelegraph By Ciaran Lyons

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Bitcoin ’seller pressure’ pushes Coinbase premium index to 12-month low

A crypto analyst says the rise in the Coinbase Premium Index is due to “increasing seller pressure” in the US market, reaching levels not seen since January 2024. Source link

IRS issues temporary relief on crypto cost-basis method changes

New IRS rules could have been “disastrous” for crypto taxpayers during the bull market, a crypto tax executive said. Source link

Ether could struggle to deliver meaningful rallies in 2025: 10x Research

10x Research says Ether may not be a smart bet for the much-anticipated 2025 bull run, though other analysts say the jury’s still out. Source link

Down to $200 one day, Pixels founder had $2.4M the next: Luke Barwikowski, X Hall of Flame

Pixels founder Luke Barwikowski had just $200 left in his account when Animoca invested $2.4M. The Web3 game’s FDV later hit $2.65B. Source link

MicroStrategy shares slip 8% after its end-of-year Bitcoin buy

MicroStrategy slumped over the last trading day after disclosing its latest Bitcoin purchase, with some market observers raising concern over leverage. Source link

Altcoin ‘euphoria’ phase begins once market cap jumps 16% — Trader

A crypto trader says the TOTAL3 market cap needs to rise around 16% before “euphoria” sets in, and until then, the market could remain “choppy.” Source link

Bitcoin may reach $150K or $400K in 2025, based on SBR and Fed rates — Blockware

Bitcoin’s potential price range in 2025 is quite significant, but it bears down to three major factors, according to the crypto mining firm Blockware. Source link

IRS DeFi broker rule ‘absolutely should be challenged,’ says Uniswap CLO

Uniswap chief legal officer said the IRS DeFi broker rule “absolutely should be challenged,” while a Consensys lawyer argued that the ruling was released on “the last Friday of 2024 in the middle of a holiday stretch on purpose.” Source link

US government will not buy Bitcoin in 2025 — Galaxy Research

Galaxy Research is of the belief there will be “some movement” within US government departments in 2025 to explore an “expanded Bitcoin reserve policy.” Source link

BTC could rebound in ‘coming days’ as metric signals growing buy pressure

Bitcoin may be due to a strong price rebound in the coming days with immediate spot buyer demand rising on crypto exchange Binance. Source link