When Will Bitcoin Bottom Out? This Could Be The Signal To Watch

Hackers have taken control of several music celebrities' Instagram accounts to promote a fraudulent Solana-based memecoin. This incident follows a recent controversy involving Kanye West's YZY token, raising concerns about security in the crypto space.

Editor’s Note: This matters because it highlights the ongoing risks associated with cryptocurrency investments and the potential for scams, especially when high-profile figures are involved. It serves as a reminder for investors to be cautious and verify information before engaging with new tokens.

Brazil's new 17.5% crypto tax marks a significant shift in the global approach to digital assets, indicating the end of a tax-friendly era for crypto investors.

Editor’s Note: This change is important as it reflects a growing trend among governments to regulate and tax cryptocurrencies, potentially impacting investors and the future of crypto markets worldwide.

DigiFT has successfully secured $11 million in funding, while Irys has raised $10 million. These investments highlight the growing interest in the cryptocurrency sector.

Editor’s Note: This funding is significant as it reflects the increasing confidence and investment in the cryptocurrency market, which could lead to further innovations and developments in the industry.

Bitcoin's price has reached $115K, but momentum appears to be wavering. Analysts are closely watching market trends to predict what might happen next.

Editor’s Note: Understanding Bitcoin's price movements is crucial for investors and traders. As the cryptocurrency market fluctuates, insights into price trends can help inform investment decisions and strategies.

BlackRock, the world's largest asset manager, has sold approximately $500 million in Bitcoin this week, leading to significant sell-offs in the market. This move comes as the firm experiences outflows from its Bitcoin ETF.

Editor’s Note: This situation is crucial as it highlights the influence of major financial players like BlackRock on the cryptocurrency market. Their actions can lead to volatility, affecting both investors and the overall market sentiment.