Bo Pei, a researcher at the U.S. Tiger Securities raised his price target on Coinbase (ticker: COIN) from $65 to $200, making him by far the most positive analyst among the more than 20 whose opinions FactSet gathered. The stock of Coinbase last traded above $200 a year ago, and shares of the company closed on Tuesday at $75.14. Cryptocurrency stocks live The IRS treats cryptocurrency as property, not currency. Transactions in cryptocurrency spot markets are thus considered taxable by the Internal Revenue Service (IRS) whenever a taxable event occurs, such as selling cryptocurrency for a fiat currency (i.e., U.S. Dollars, Euros, etc.) or when traded for another asset. Investors are responsible for tracking cost basis, gains, and other reporting. If you have questions or concerns about the potential tax implications of transacting in cryptocurrencies, you should refer to this IRS publication or consult with a tax advisor.
+8.96% VeChain Price Prediction: VET Crypto Flips Bearish Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Source: FactSet
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Using your imagination, you should understand that catching a falling knife—aka “buying the dip”—nearly always ends painfully. That’s not to say that skillful investors can’t make a quick buck trading on heightened market volatility. But the point here is that big, fast market moves can be unsettling for the typical retail investor. When Elon Musk tweets, crypto prices move Ordinals Have Proven Demand On Bitcoin, But Fees Will Push Users To Layer 2
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