Here is what happened yesterday in the crypto market:
Bitcoin Remains Steady Ahead of Jobs Data
The cryptocurrency market continues to show a lack of direction, with Bitcoin (BTC) trading below $100,000 as investors await the U.S. jobs report. The market seems to be largely unaffected by political endorsements, such as the recent support from Eric Trump for Bitcoin investments.
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Bybit’s Indian Clearance After Settlement
Crypto exchange Bybit has secured approval from India’s Financial Intelligence Unit after agreeing to pay a $1 million fine. This step marks an important regulatory clearance for the exchange in the region.
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Czech Republic Abolishes Crypto Taxes
The Czech Republic is changing its stance on cryptocurrency gains by eliminating taxes on long-term profits. This move is expected to attract more crypto users and investors to the country.
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Bitcoin Experiences Major Outflows
Recent data indicates that over 17,000 BTC, valued at around $1.6 billion, have left centralized exchanges. This significant outflow suggests increased institutional interest and potential bullish sentiment in the market.
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Ethereum’s Upcoming Pectra Upgrade
Ethereum is gearing up for its Pectra upgrade, which will begin testing soon. If successful, a mainnet release is expected in April, signaling ongoing advancements for the blockchain.
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