Solana has confirmed a breakout above the $100 price level and it seems that the chances of SOL breaking above the $120 price level are quite high. Moreover, being one of the most bullish tokens in the market, SOL has continued to attain higher highs in recent days. As noted in our SOL price analysis for March 28, 2022, the token broke above the $105 price level. Another important thing to note is that SOL is nearly 60% low than the all-time high.
The Canadian Conservative Party candidate for Prime Minister, Pierre Poilievre, has come out in support of allowing Canadians to use Bitcoin (BTC) as legal money in the country.
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto.
CoinShares data revealed on Tuesday that institutional investments into cryptocurrencies are at the highest levels in three months, a sharp rise from the previous week which saw outflows of $47 million.
The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them.
The entry and ascent of NFTs have completely changed the shape of the crypto-industry. Now, NFT creators, collectors, and analysts desperately want to understand the day’s trends so that they can ensure the best possible returns on their investment.
All major digital tokens were flying high on Monday, bolstering investor confidence. Bitcoin reached a three-month high, Dogecoin increased by almost 8%, and Avalanche increased by 6%. Shiba Inu and Ethereum both increased by 5%. Today’s momentum has remained consistent.
U.S. President Joe Biden today submitted his budget proposal for the 2023 fiscal year in conjunction with the U.S. Treasury Department's revenue explanations. By the administration's estimate, the U.S. can gather roughly $11 billion in revenue over 10 years—and nearly $5 billion next year alone—by "moderniz[ing] rules" to apply certain financial accounting and reporting practices to digital assets.