2024-02-19

Author

Paul Fulbrook
February 19, 2024

Howdy folks,

📈 Over the weekend, Bitcoin's resilience was on display as it bounced back from a slight dip, maintaining the $50k support level and pushing up to $52.5k. Ethereum's impressive leap to $2900, a high not seen since May 2022, underscores a robust and upward-moving crypto market, signaling broad market strength 🌐💪.

Come On GIF by Max

In other news:

🇰🇷 South Korea is contemplating a two-year postponement of its crypto tax law, aligning with the ruling party's general election pledge. This potential delay until 2027 reflects a strategic political move and could significantly impact the country's crypto landscape, offering more preparation time for both investors and regulatory bodies 📅🔍.

📊 ADA's notable 14% surge led to a 7% overall increase in the crypto market, indicating strong bullish momentum across the board. Despite Chainlink's outlier status among the top 10 cryptos, the general uptrend highlights investor confidence and the market's recovery dynamism, setting a positive tone for future growth 🚀📈.

💳 Coinbase has unexpectedly removed Bitcoin support from its payment portal, a move that has taken many by surprise. This decision, aimed at enhancing the platform's efficiency, has sparked speculation about the future of Bitcoin payments on Coinbase, with hints from CEO Brian Armstrong suggesting a potential reinstatement 🔁💼.

DailyCoin Daily Meme

South Korea to Defer Crypto Tax Implementation: “There Is a Need for at Least a Two-year Delay”

South Korea’s ruling People Power Party proposes delaying the implementation of crypto tax regulations for another two years. Read more on DailyCoin.

Cardano's ADA Leads the Way with 14% Surge as The Crypto Market Cap Rallies 7%

Crypto market explodes! 9 out of 10 top coins surge, with ADA leading the charge. Will the bull run continue? Find out on DailyCoin!

Coinbase Crypto Payment Portal Drops Bitcoin Support, Cites That It Didn’t Fit.

Coinbase Commerce, the crypto exchange’s self-custodial payment protocol, is moving ahead without Bitcoin: Find out why.

Thanks for joining us today!

If you're hungry for more, check out our website.

See you next time for more crypto fun!

DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.