CrytoMarketWatch

The U.S. Department of the Treasury has issued new guidance on cryptocurrency reporting requirements, clarifying tax obligations for certain types of transactions. Industry representatives have expressed a range of reactions, with some praising the increased clarity while others voiced concerns about the compliance burden.

Meanwhile, Brazil's central bank announced plans to accelerate its CBDC pilot program, with public testing scheduled to begin in the next quarter. This announcement comes as several Latin American countries explore digital currency solutions to address financial inclusion challenges.

In the meantime, major cryptocurrency exchange Binance has launched a new institutional platform offering enhanced custodial solutions and OTC trading capabilities for corporate clients. The service aims to address security and liquidity issues that have historically limited institutional participation.
$BTC
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#Crypto Marketcap is about to explode ?

The total crypto market cap is testing the horizontal support line from 2021 ATH and upwards trendline support simultaneously.

If this level holds, we could see a V shape rally in BTC and altcoins, pushing the market to a new ATH soon!
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#CrytoMarketWatch
The bloodbath in the crypto market continued on Apr. 7 as the market cap dipped 10% over the last 24 hours to $2.5 trillion.

Bitcoin itself has suffered a decline of 6.5% within a day to trade at $77,179.48 at press time, as per Kraken’s price feeds.

In fact, the world’s largest cryptocurrency even fell to $74,604.47 on the day — its lowest in five months.👇👇

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