$BTC $BTC is it late to enter for long on spot ? Sold mine a | Alec Tooman eETN on Binance Square

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$BTC $BTC is it late to enter for long on spot ? Sold mine at 92,000

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$BTC Bitcoin (BTC) Price and Market Update as of Saturday, May 3, 2025, 4:37 PM IST: Current Price: As per the latest data, 1 Bitcoin (BTC) is currently trading at approximately ₹ 8,247,051.68 in Indian Rupees. In USD terms, recent reports indicate prices fluctuating around the $94,000 to $97,000 range. Some sources even suggest Bitcoin briefly surpassed $97,000 and is aiming to recover the $100,000 level. Market Capitalization: Bitcoin remains the leading cryptocurrency with a market capitalization of around $1.87 Trillion to $1.93 Trillion. It constitutes a significant portion of the total cryptocurrency market. Recent News and Analysis: Several bullish signals have emerged recently, suggesting a potential upward trend for Bitcoin: * Local Bottom Confirmed: Analysts indicate that Bitcoin has established a strong local bottom, particularly after April closed in the green and reclaimed key technical levels. * Bullish Ichimoku Cloud: Bitcoin's price closing firmly above the Tenkan, Kijun, and Kumo cloud, with all lines sloping upwards, reinforces a bullish momentum and trend structure. * Reclaimed Key Resistance: Bitcoin has reportedly reclaimed its April high (around $95,173), which is now acting as a support level. * Potential Price Targets: Some analysts are eyeing price targets such as $100,000 in the near term and even as high as $135,000 within the next 100 days, based on technical and on-chain indicators. * Correlation with Global Liquidity: Bitcoin's price action is expected to closely follow global liquidity trends.

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#AppleCryptoUpdate It looks like there's some interesting news regarding Apple and cryptocurrency! Here's a quick rundown of the key updates as of today, Saturday, May 3, 2025: Apple Ordered to Ease App Store Restrictions, Opening Doors for Crypto & NFTs: * A recent U.S. court ruling has compelled Apple to end its restrictive payment policies on the App Store. * This means developers can now link to external payment options within their iOS apps, including those powered by cryptocurrencies. * Apps can also now link to external NFT collections. * This is seen as a significant boost for Web3 adoption on mobile and could potentially lead to the return of apps like Fortnite that previously clashed with Apple's policies. Apple Quietly Updates App Store Guidelines: * Following the court ruling, Apple has updated its App Store guidelines to reflect these changes. * Developers can now direct users to crypto-based payment systems and operate outside of Apple's in-app purchase ecosystem without needing special entitlements. Impact on the Crypto Industry: * This legal shift is considered a major win for crypto and Web3 developers who have faced limitations due to Apple's previous policies and fees

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$BTC Bitcoin (BTC) is currently trading around $96,700, showing a significant increase over the past day and week. There's strong optimism in the market, with some analysts predicting a surge towards $100,000 and even higher targets like $105,000 or $150,000 by September. The market capitalization of Bitcoin is substantial, currently around $1.9 trillion, making it the largest cryptocurrency by a significant margin. Trading volume over the last 24 hours has been active, reflecting the ongoing interest in BTC. Recent News and Developments: * Price Momentum: Bitcoin is steadily climbing, approaching the psychological barrier of $100,000. This rally is supported by factors like potential US-China trade talks, which are boosting risk appetite across markets. * Institutional Interest: Major corporate holders like Strategy Inc. (formerly MicroStrategy) are doubling down on their Bitcoin investments, viewing their stock as a "Bitcoin shortcut." There are also reports of significant Bitcoin ETF inflows, indicating growing institutional demand. * Market Sentiment: The Crypto Fear & Greed Index has shifted to "greed," suggesting a bullish sentiment among traders. * Technical Analysis: Technical indicators present a mixed picture. The Relative Strength Index (RSI) is nearing overbought territory, which could signal a potential pullback. However, the Moving Average Convergence Divergence (MACD) shows positive upward momentum.

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#SaylorBTCPurchase Saylor's Bitcoin Purchases and Strategy Michael Saylor, the Executive Chairman of Strategy (formerly MicroStrategy), has been a very vocal and active proponent of Bitcoin, leading his company to adopt a unique strategy of accumulating Bitcoin as its primary treasury reserve asset. Here's a breakdown of Saylor's recent Bitcoin activities and overall strategy: Recent Bitcoin Purchases by Strategy: * Significant Purchase in Late April 2025: Strategy acquired 15,355 BTC for approximately $1.4 billion between April 21 and April 27, 2025. The average purchase price was around $92,737 per Bitcoin. This marked one of their largest single-week purchases. * Holdings as of Late April 2025: As of April 27, 2025, Strategy held a total of 553,555 BTC, acquired for approximately $37.90 billion at an average cost of $68,459 per Bitcoin. * Continued Accumulation: This recent purchase extends Strategy's streak of Bitcoin acquisitions, demonstrating a consistent commitment to their strategy. * New Capital Raising Plans: Strategy recently announced plans to raise an additional $21 billion through a common stock equity offering to fund further Bitcoin purchases, doubling their capital plan to $42 billion for equity and $42 billion for fixed income dedicated to Bitcoin acquisitions. Michael Saylor's Bitcoin Investment Strategy:

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#DigitalAssetBill The term "Digital Asset Bill" can refer to different legislative initiatives in various countries aimed at regulating digital assets. Here's a breakdown of the situation in India and some other relevant developments: India In India, while there isn't a specific, standalone "Digital Asset Bill" that has been enacted, the government has introduced significant provisions related to Virtual Digital Assets (VDAs) through the Income Tax Bill, 2025. This bill, building upon the Finance Act, 2022, establishes a comprehensive legal framework for the taxation of VDAs. Key aspects of the VDA framework in India: * Definition of VDAs: The Income Tax Bill, 2025 explicitly defines VDAs under Section 2(111), which includes crypto assets, Non-Fungible Tokens (NFTs), and similar digital assets. * VDAs as Property and Capital Assets: The bill treats VDAs as both property (under Section 92(5)(f)) and capital assets (under Section 76(1)). This classification brings gains from their sale, transfer, or exchange under capital gains tax provisions. * Taxation of VDA Transfers: A flat 30% tax is imposed on income derived from the transfer of VDAs. Notably, unlike traditional capital assets, no deductions (other than the cost of acquisition) are allowed. For example, if you buy Ethereum for ₹5 lakh and sell it for ₹7 lakh, the ₹2 lakh profit is taxed at 30%, with no deductions for transaction costs. * Tax Deducted at Source (TDS): A 1% TDS is applicable to the transfer of VDAs, even in peer-to-peer (P2P) transactions, to help track large crypto transactions. The threshold for TDS exemption is ₹50,000 for small traders and ₹10,000 for others. * Taxation of Undisclosed Income: Failure to report VDA holdings can lead to their classification as undisclosed income, subject to relevant tax penalties. Tax authorities also have the power to seize VDAs during investigations of tax evasion, similar to other assets like cash or gold.

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