Bitcoin Alerts "Everything you need to know about Bitcoin".

Bitcoin is looking down after the bulls failed to defend a key level in the early Asian hours, price chart analysis suggests. Prices on CoinDesk's Bitcoin Price Index (BPI) fell below $11,000 at 01:44 UTC today and hit an intraday low of $10,805 at 03:29 UTC.  The recovery seen in the next few hours ran into offers at $11,063.80, pushing bitcoin (BTC) back to near the intraday lows. The BPI was last seen around $10,840. The world's largest cryptocurrency by market capitalization has depreciated by 3.47 percent in the last 24 hours, according to data source OnChinaFX. On Coinbase's GDAX exchange, BTC was last seen changing hands at $10,822. So, week-on-week, the cryptocurrency is largely unchanged – indicating a failure on the part of the bulls to capitalize on the sharp recovery from the Jan. 17 low of $9,005. Comments on social media indicate the investor community is cautiously bearish on bitcoin. The price chart analysis too indicates that prices could suffer a ...

Whether you've used bitcoin as an investment or as a currency, you owe taxes on it. As far as Uncle Sam is concerned, bitcoin is not currency. It's property. That means whenever you buy something with bitcoin, it's two transactions, not one. What you're actually doing is selling a property (bitcoin) for a cash value and then using money from that sale to buy a product. So every single purchase you make with bitcoin has to be reported on your taxes. For many, though, bitcoin is just an investment. If you've held those bitcoins for less than a year and sell them, that cash will be taxed as income. If you've held for more than a year, it's taxed as a capital gain — which could run 20 percent. Adding on transaction and accounting fees could raise costs to 60 percent, as was the case for one early bitcoin adopter. But here's the problem: Almost no one reports this. From 2013 to 2015, fewer than 900 people each year reported bitcoin transactions to ...