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#Bitcoin (BTC), the world's oldest and most valuable #cryptocurrency, maintained its position above the $38,000 mark early Friday.

Various popular alternative #cryptocurrencies, such as #Ethereum (ETH),#Solana (SOL), #Ripple (XRP), #Litecoin (LTC), and #Dogecoin (DOGE), experienced marginal gains.

Notably, the Celestia (TIA) token emerged as the top performer, exhibiting a 24-hour increase of more than 15 percent. On the flip side, IOTA, which recorded a significant 43 percent gain the previous day, became the largest decliner on Friday, experiencing a 24-hour decrease of nearly 8 percent.

As of the current writing, the global #cryptomarket cap was valued at $1.44 trillion, reflecting a 0.86 percent increase over the past 24 hours.
In the #crypto world, identifying favorable #tax environments is crucial. The top twenty low-tax index highlights unexpected international choices, including UAE, Bahamas, Bermuda, Cayman Islands, & Seychelles.

🔵Monaco
stands out with no direct taxation but requires residency for the wealthiest investors. Panama, ranked seventh, offers zero capital gains tax on crypto.

🔵 El Salvador, the first to embrace Bitcoin, integrates it into its economy, presenting distinctive investment opportunities. Malta (‘Crypto-Island’), Gibraltar, & Liechtenstein are also good options. Germany surprises with zero tax on crypto gains held for at least twelve months.

🔵Switzerland imposes no direct tax on crypto gains & it is also home to a large number of leading blockchain & crypto-related companies.

🔵Low-tax countries in the top twenty: Romania & Bulgaria (10%), Hungary & Greece (15%) on crypto income. The index considers various factors like investor type, domicile, business nature, and tax guidance.

#Cryptotax
🟦Global #cryptomarket cap: $1.46 trillion, up by 1.20% in the last 24 hours.

🟦Total crypto market volume: $45.55 billion, indicating a 1.45% increase.

🟦#DeFi volume: $4.47 billion, representing 9.81% of the total crypto market 24-hour volume.

🟦 #Stablecoins volume: $41.02 billion, constituting 90.04% of the total crypto market 24-hour volume.

🟦 #Bitcoin dominance: 52.09%, showing a 0.27% increase in the last day.
#iShares $TLT ETF shows a 22% drop in 5 years, raising concerns about traditional safe-haven assets.

Supply-demand imbalance
, increased government borrowing, and reduced buyer interest contribute to significant losses in bond portfolios. #cryptonews
https://coinpedia.org/news/are-stablecoins-saving-the-u-s-treasury-market/