[Crypto News - Panama adopts cryptocurrencies for municipal payments]
The City of Panama takes a historic step: it will now be possible to pay municipal taxes in cryptocurrencies such as Bitcoin ($BTC ), Ethereum ($ETH ), and some stablecoins.
This measure, driven alongside Towerbank, aims to:
Modernize the tax system
Increase financial transparency
Turn Panama into a crypto hub in Latin America
Towerbank will automatically convert payments to dollars, protecting the municipality from market volatility.
Can you imagine paying your taxes in crypto in your country? Do you think this is the path to mass adoption?
2. BTC falls, but some altcoins rise When BTC falls moderately and not out of panic, some traders seek refuge in more volatile altcoins that may have movements
Lukitui1_
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$BTC is the leading currency in the crypto market, when it rises others fall and when it falls others rise, will there be an experienced analysis that knows why this happens?
This usually happens when there is a massive influx of capital into Bitcoin (due to FOMO, ETF, macro news), and traders migrate to other altcoins
Lukitui1_
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$BTC is the leading currency in the crypto market, when it rises others fall and when it falls others rise, will there be an experienced analysis that knows why this happens?
hello, well the crypto market moves like an ecosystem and, although it may seem contradictory, not all coins always follow BTC at the same pace. Here are 2 scenarios for you.
Lukitui1_
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$BTC is the leading currency in the crypto market, when it rises others fall and when it falls others rise, will there be an experienced analysis that knows why this happens?
Current Price: $155 (+2.72%) 24h High: $157 | 24h Low: $148.65 24h Volume: 3.98M SOL RSI: 76.18 (Overbought Zone) EMAs:
EMA 9: 152.45
EMA 21: 149.20
Technical Summary: Solana shows bullish strength with a clear structure breakout on the 4-hour timeframe. The EMAs are aligned upward and the RSI indicates overbought conditions, which could signal a small correction or consolidation. Immediate support is located in the $149 area.
Key Points to Watch:
Resistance at $157 (current level to surpass).
Possible extension towards $160–$165 if the momentum continues.
Strong support in the $149–$150 range in case of a pullback.
Will it break strongly or is a pause coming? Are you in SOL or waiting for an entry?$SOL
📈 Rising Market: Bitcoin and Altcoins at Recent Highs
Bitcoin (BTC) has surpassed $94,000, reaching its highest level in weeks. This surge is attributed to factors such as a "short squeeze," advances in the trade war, and positive technical signals.
Ethereum (ETH) is also showing strong performance, trading around $1,802, with a 5.84% increase in the last 24 hours.
Other cryptocurrencies like SUI, Solana (SOL), and Cardano (ADA) have recorded significant increases, with SUI leading with a 20% rise.
🏦 Institutional Investment and ETFs Drive the Market
Bitcoin exchange-traded funds (ETFs) have seen net inflows of $936 million, reflecting renewed institutional interest in the asset.
Companies like Riot Platforms have obtained Bitcoin-backed loans, highlighting the growing integration of cryptocurrencies into traditional finance.
📰 Other Relevant News
Ubisoft has announced a collaboration with the Web3 firm Immutable to launch Might & Magic: Fates, a strategic card game based on blockchain.
PayPal will offer a 3.7% annual yield to users of its stablecoin PYUSD, aiming to incentivize its adoption.
The cryptocurrency TRUMP has experienced a 70% increase following the announcement of an exclusive presidential dinner for top token holders. #BTC #ETH #SUI🔥 #ADA #TRUMP
Michael Saylor continues to accumulate BTC without brakes. MicroStrategy has bought more Bitcoin again, consolidating its position as the largest corporate holder in the world.
With this latest acquisition, the company now owns more than 214,000 BTC. Is Saylor seeing something that others are not yet?
His strategy is clear: "We buy BTC because we believe it is the best asset of the 21st century."
This move comes right in the middle of the post-halving... is something big coming?