Crypto Daily News Blog – 8/9/2024
As of this writing, the number one cryptocurrency, Bitcoin, is sitting at $60,699. What do you think its price will be by the end of the week? Drop your predictions in the comments! The closest guess will win some awesome merch from our store.
In second place, we have Ethereum at $2,590, and in third, Tether at $1,000. Do you think any other crypto could take over one of these top spots? Let us know in the comments below!
In today’s news, we’ve seen a strong rebound in the crypto market after those recent jitters. Hopefully, no one got scared and sold off, but instead took advantage of the dip. Remember, this page is for informational purposes only—always do your own research before investing. The crypto space is full of opportunities, but also scammers, so stay vigilant!
In other news, the IRS has unveiled its new crypto tax form and is seeking public input. Personally, I’m against taxing crypto, but that’s just my opinion. The government should keep one hand off crypto, rather than trying to grip it with both. Regulation is necessary to curb criminal activity, but it shouldn’t stifle the little guy from enjoying the benefits of crypto. What are your thoughts? Share them in the comments or DM us on Instagram.
It’s been a wild week in the crypto world, and we’d love to hear your thoughts. To me, it seems that crypto is increasingly following traditional markets, possibly because more stock markets and banks are starting to accept crypto. Let’s face it—crypto is here to stay, and we should embrace it, not fight against it.
This is my first daily blog, and I hope you enjoy it! If you’d like to see anything different or have suggestions, I’m always open to new ideas.
Thanks for reading,
The Crypto King
