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At a time when many Americans are paying more for everything from gas to ground beef, tax refunds will provide much-needed cash for many families. And this year, those refunds could be particularly generous. SEE MORE Where''s My Refund? How to Track Your Tax Refund Status Through the March 4, the average federal tax refund was $3,401, up 13.7% from the same period last year, according to the IRS. In 2021, the average refund was $2,815. People who expect a big refund tend to file early, so the average for the 2022 tax season may be lower. Still, there are several reasons many taxpayers could get a larger refund this year. Taxpayers who were eligible for a third Economic Impact Payment and didn''t receive a check, or received less than the full amount, will have the opportunity to claim the recovery rebate credit when they file their 2021 tax return. The credit is worth up to $1,400. Likewise, taxpayers who were eligible for the expanded child tax credit , worth up to $3,600 in 2021, will have an opportunity to claim it when they file their 2021 tax return.

Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin (BTC) could rally by over ten times over the next half-decade. In a new Bloomberg interview, Novogratz says Bitcoin will range for the rest of this year but will hit a six-figure price in five years as adoption of the flagship cryptocurren…

Galaxy Digital CEO Mike Novogratz is predicting that Bitcoin (BTC) could rally by over ten times over the next half-decade.

Ukrainian President Volodymyr Zelenskyy has signed the virtual assets bill, legalizing cryptocurrency in war-ravaged Ukraine. The legalization of crypto comes after a flurry of support poured in via crypto donations to support the nation’s defense against the Russian invasion. Since the start of the war, cryptocurrency donations to Ukraine’s war efforts and defense have shot past $100 million. A Legal Framework For Cryptocurrency In Ukraine The announcement was made by Ukraine’s Ministry of Digital Transformation, which released a statement confirming the announcement that President Zelenskyy had signed the virtual assets bill. The signing of the bill allows the establishment of a legal framework for the adoption of cryptocurrencies in the country. Zelenskyy had previously rejected a previous version of the bill. Details Of The Bill The bill passed through parliament on the 17th of February and will look to define the classification, ownership, and legal status of virtual assets. The regulation of the crypto market in Ukraine will be under the purview of Ukraine’s National Commission on Securities and the Stock Market.

Bitcoin price holds above $40,000 Fox Business

The post Bitcoin (BTC) Price Recover: Another Bull Trap or a Fresh Rally, What’s Next? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe cryptocurrency market bounced back with market capitalization surging 4 percent to $1.87 trillion. Major coins spiked aft…

Technical outlook: Bitcoin has pushed higher through $41,000 mark and is on the verge of breaking higher from its triangle consolidation. A break above $42,500 will confirm the same and accelerate further towards $46,000 at least. Until prices stay above $33,000 mark, potential remains for a push through $48,000-50,000 mark in the next few trading sessons. Bitcoin is probably into its last wave within the corrective rally that had begun since $33,000 lows earlier. The crypto is working on its first major downseing between $69,000 and $33,000 levels The Fibonacci 0.618 retracement of the above drop is also seen through $50,000 mark. Hence, probability remains high for a reversal thereafter. Bitcoin might be carving a larger degree Head and Shoulder reversal pattern since $69,000 peak. The Hear is fixed at $69,000 while Left Shoulder is seen around $48,000-50,000 levels. Neck line was broken at $40,000 mark and potential Right Shoulder could be terminating around $50,000 mark going forward.

Bitcoin rises over $41,000, other cryptocurrencies gain

Kwon also bullishly emphasized that its stablecoin TerraUSD (UST) backed by $10 billion-plus in BTC reserves will “open a new monetary era of the Bitcoin standard.”

The global cryptocurrency market cap rose to $1.82 trillion, up 1.42 per cent over the last 24 hours. Total cryptocurrency trading volume jumped 23 per cent to $100.11 billion, as per Coinmarketcap.

Regulation can be a double-edged sword

A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure

Deloitte analysis shows how Bitcoin can help traditional fiat currency improve drastically in terms of speed, security, efficiency, cross-border payments.

The Coinbase One offer is attractive particularly to high-volume crypto traders.

Bitcoin slightly strengthened over the past day to 38,800 (+0.5%). Ethereum lost 0.8%, while other leading altcoins from the top ten range showed an amplitude from -2.4% (Avalanche) to +3.7% (Terra). According to CoinMarketCap, the total capitalization of the crypt