bitcoin price prediction An upside is likely for December 17 as BTC stabilizes above the $16,500 support area. Major cryptocurrencies were trading negatively during the Asian session, with the global crypto market cap falling 6.11% to $797.45 billion over the past day.
In the last 24 hours, the total crypto market volume has increased by 38.50% to $47.36 billion. The total DeFi volume currently stands at $2.67 billion, which is 5.63% of the total crypto market 24-hour volume.
The total volume of all stable coins is now $43.54 billion, which is 91.92% of the total 24-hour volume of the crypto market.
Japanese Government Cuts Crypto Tax to 30%: Good Move?
Japanese crypto companies must pay a flat corporate tax rate of 30% on their assets, regardless of whether they made a profit in 2018. Some Local Crypto Enterprises apparently decided to move their operations as a result of increasingly tougher tax rules over the years.
The LDP has given top priority to rectifying this situation due to the damage it has done to the country’s economic progress. The Japanese Liberal Democratic Party (LDP) works with the United States on defense and international policy and prioritizes administrative reform.
In different contexts across the country, the term “administrative reform” can mean different things. Such ideas include implementing reforms such as taxation to stand the test of time and economic stress.
The Japanese governing party’s (LDP) tax committee met on 15 December to discuss ways to spur economic growth. Agenda items included discussion of potential tax code changes.
At the same time, he passed a resolution which was introduced in August. The plan aims to eliminate paper profit taxes on token issuance or custody by crypto businesses. The Japanese government wants to encourage the development of the IT and financial industries by reducing the tax burden on local crypto companies.
More forgiving crypto tax legislation will begin to be tabled in parliament in January, with implementation for the next financial year starting in April.
bitcoin price prediction
current price of bitcoin $16,742, and a 24-hour trading volume of $26 billion. The bitcoin price is down about 4% since yesterday. On Friday, the BTC/USD pair found support at $17,250, which was extended by the 50-day moving average. On the other hand, the increased downside pressure generated a bearish crossover below $17,200, which sent the BTC/USD pair towards $16,570.
Traders generally use technical indicators such as Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to assess asset price volatility and predict future trends. These indicators are currently indicating a bearish trend for bitcoin, however, they have entered the oversold zone, which means we may see a slight bullish correction in bitcoin.
This is further supported by the fact that BTC/USD closed a Doji candle above the $16,550 level, indicating that a bullish correction towards $17,000 and even $17,250 is possible.
On the other hand, a bearish breakout below the $16,555 support could extend the selling trend towards $16,200 or $16,000.
High Profitable Alternative Coins
The crypto market has been trading bearish for several weeks, prompting some traders to consider options with more short-term potential.
The following are some of the market’s leading pre-sales, allowing investors to get in on the ground floor.
FightOut (FGHT) – Presale Launch
FightOut, a brand new move-to-earn (M2E) fitness app and gym chain that aims to bring the fitness lifestyle to the Web3, has started its pre-sale, and investors believe the project will continue to make the most of the existing Web3 has the potential to change the M2E landscape.
While existing M2E apps like StepN only track steps and require expensive non-fungible tokens (NFTs) to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity. It doesn’t require any expensive buy-ins.
FightOut’s FGHT tokens are currently selling for 60.06 USDT per 1 USDT, and interested investors are encouraged to act quickly to secure their tokens, with over $2.8 million raised from the pre-sale in just days. increased more. The FightOut crypto ecosystem will be powered by the FGHT token.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform startup should consider Dash 2 Trade. With its unique features, the upcoming analytics and social trading platform is expected to take the crypto trading space by storm.
Trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and a strategy back-testing tool are among the features. Dash 2 Trade’s ecosystem will be powered by the D2T token, which users must purchase and hold in order to access the platform’s features.
Dash 2 Trade is currently conducting a token pre-sale at deeply discounted prices, with sales recently reaching $10 million. The pre-sale dashboard will be available on Friday, the development team is currently ahead of schedule. The tokens are currently being sold for $0.0533 per token and will be listed on multiple centralized exchanges within the next month.
Calvaria (RIA) – Final pre-sale phase now
In 2022, major blockchain-based games such as Axi Infinity have lost significant traction. As a result, many investors interested in the crypto gaming space are looking for other options.
Calvaria, a new play-to-earn battle card crypto game, could be a viable option. Calvaria aims to increase crypto adoption by building a bridge between the real world and crypto in the form of a fun and accessible crypto game.
Calvaria’s RIA token pre-sale should be considered by investors. Calvaria has now raised $2.47 million and is nearing completion, with only 20% of the tokens remaining.
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