Crypto
Dogecoin Founder Issues Bitcoin Statement on Further BTC Decline By U.Today
© Reuters. Dogecoin Founder Issues Bitcoin Statement on Further BTC Decline
U.Today – Billy Markus, who founded the iconic meme cryptocurrency together with Jackson Palmer back in 2013 and launched it, has taken to Twitter/X social media network to comment on the further plunge took earlier today as it went below the $39,000 level.
“Shibetoshi Nakamoto”, as Markus is known on Twitter, stated in his recent tweet “Good morning to everyone except Bitcoin,” thus showing sarcastically his dissatisfaction with the volatility of the world’s largest cryptocurrency, the one which he and Palmer parodied when they created DOGE.
Earlier today, the leading digital currency dived under $39,000, hitting $38,543. However, it quickly rebounded, adding 2.41% (versus the previous loss of 3.52%) and at the time of this writing, BTC is exchanging hands at $39,471.
Bitcoin bloodbath continues
Since the approval of Bitcoin exchange-traded funds by the Securities and Exchange Commission and the start of ETF trading on January 11, Bitcoin first responded with a sharp increase above the $49,000 level.
However, that did not last long and Bitcoin started its rapid descent into the red. By now, it has lost a whopping 19.56%, falling from $49,000 to the current $39,471 price mark.
As reported, earlier today the cryptocurrency market was struck by a massive bloodbath as $100 million in Bitcoin and other cryptocurrencies were liquidated across various crypto trading venues.
Aside from that, according to a recent tweet of cryptocurrency analyst and trader Ali Martinez, over the period of the last two weeks, Bitcoin miners have dumped a large chunk of Bitcoin, getting rid of 70,000 BTC (the equivalent of $3 billion in fiat).
Bitcoin is not going into $30,000 range: Samson Mow
Aside from that, Grayscale continues to dump Bitcoin from its Grayscale Bitcoin Trust onto the market. Yesterday, the company spearheaded by Michael Sonnenshein sold 14,292 BTC worth more than have a billion US dollars.
Still, while a great many cryptocurrency traders hope that Bitcoin will drop into the $30,000 range, so they can start buying the dip, vocal Bitcoin maximalist and evangelist, CEO of Jan3, Samson Mow, does not believe it is likely to happen.
In the meantime, Mow remains a strong believer that Bitcoin will eventually reach the much-expected $1 million mark. However, he does not specify when it is likely to happen.
This article was originally published on U.Today
WASHINGTON (7News) — Recent positive economic indicators have come out like a lower-than-expected January inflation rate and a strong jobs report. Financial expert Ric Edelman explained the resilience of the economy and what’s going on with cryptocurrency.
“It’s proving to be surprisingly resilient. The jobs data was very good that just came out, unemployment rate remains low. Interest rates are stable and hopefully coming down. Overall, consumer prices are doing okay as well,” said Eldelman.
RELATED | Job growth beats forecast. Is the economy rebounding?
“A lot of folks have been widely fearing a recession. It doesn’t seem to be in sight at any moment, but there are continuing concerns: the tariffs, global economics. And in fact, if you look closely at the jobs data, almost all the jobs created in this last report were in the healthcare sector, which doesn’t spell well for the overall economy, just that one sector. So there is some weakness, and this is why investors remain a little bit nervous,” said Eldelman.
Younger Americans are buying Bitcoin and other cryptocurrencies, seeing it as a path to the American dream.
“This particular crypto winter, as it’s called. It’s the ninth time Bitcoin has fallen this much. Came out of nowhere, and it surprised everybody, including me,” said Eldelman.
“We basically are seeing a tale of two cities. On the one hand, prices are down dramatically over the past couple of months. They may fall even further yet. But if you look beyond the numbers at the fundamental growth and development of the technology, it’s all looking really very exciting.”
For investors, Eldelman had the following advice:
This is a period of extreme uncertainty… And for that reason, you should do two things. Number one, continue invest slowly but steadily. In other words, not a single lump sum, but invest a little bit every month on a regular basis. And second, stay focused on 10 years from now, not 10 days from now.
WATCH THE FULL INTERVIEW
Financial expert Ric Edelman has the latest economic outlook (7News).{ }
Toronto, ON, Feb. 12, 2026 (GLOBE NEWSWIRE) — As cryptocurrency adoption continues to expand among investors on both sides of the border, understanding the tax treatment of digital assets has become increasingly important. Cardinal Point Wealth Management has published a new educational blog post, How the Canada Revenue Agency Taxes Cryptocurrency, offering timely guidance on how crypto transactions are treated under Canadian tax law and what investors need to know to remain compliant.
Understanding CRA’s Approach to Cryptocurrency
The article provides a clear overview of how the Canada Revenue Agency (CRA) classifies cryptocurrency, including when crypto transactions may be treated as capital gains versus business income. It also explains how the CRA views cryptocurrency as a commodity rather than legal tender, a distinction that has important tax implications for investors.
Common Taxable Cryptocurrency Transactions
The blog outlines several common taxable events involving cryptocurrency, including trading digital assets, selling cryptocurrency for fiat currency, mining activities, and using cryptocurrency to purchase goods or services. With enforcement and reporting scrutiny increasing, the post emphasizes the importance of maintaining accurate transaction records and understanding reporting obligations.
Cross-Border Considerations for Canada–U.S. Investors
For individuals with financial ties to both Canada and the United States, cryptocurrency taxation can be especially complex. Differences between CRA and IRS treatment, reporting requirements, and potential double-tax exposure can create unexpected liabilities. Cardinal Point’s blog highlights the importance of coordinated tax and financial planning for cross-border investors navigating the evolving digital asset landscape.
Key Takeaways
- Cryptocurrency is taxable in Canada, and its treatment depends on the nature of the transaction
- Trading, selling, mining, and spending cryptocurrency may trigger tax obligations
- Recordkeeping is critical to remain compliant with CRA reporting requirements
- Cross-border investors face added complexity and should seek integrated planning advice
The full blog post is available here:
https://cardinalpointwealth.com/2026/01/28/how-the-canada-revenue-agency-taxes-cryptocurrency/
About Cardinal Point Wealth Management
Cardinal Point Wealth Management provides integrated financial, tax, and estate planning services for individuals and families with financial ties to Canada and the United States. The firm specializes in helping clients navigate complex cross-border financial matters and is a recognized leader in cross-border wealth management and Canada U.S. financial planning,
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Cardinal Point Wealth Management, ULC
Contact Person: Kris Rossignoli, Senior Private Wealth Manager
Email: info@cardinalpointwealth.com
Country: USA
Website: www.cardinalpointwealth.com
North Dakota high school coach arrested, school says he’s been terminated as coach
Penn State wrestling: No. 1 Lions overwhelm shorthanded No. 2 Ohio State 36-5
LIVE SCORE UPDATES & ANALYSIS: Arkansas baseball vs. Oklahoma State | Whole Hog Sports
How to watch Penn State Nittany Lions: Live stream info, TV channel, game time | Feb. 14
Video in land dispute case shows Pa. trooper interact with Gov. Shapiro’s neighbor
Florida High School Football Rankings: Top 25 teams – Oct. 21
Cleary's 21 help Le Moyne down Central Connecticut State 69-64 in OT
How old is Bo Nix? What to know about Oregon quarterback ahead of 2024 NFL Draft
99th annual Pony Swim held in Virginia
Indiana Members Credit Union announced as new anchor tenant at Bottleworks District
Schumer’s ‘E. coli’ burger photo resurfaces after another Dem’s grilling skills get torched: ‘What is that?’
Macron says Europe must redesign security, cites nuclear deterrence
A dangerous nuclear moment : Consider This from NPR
Video: Pride Flag Returns to Stonewall, Defying Federal Order
DHS shutdown explained: Who works without pay, what happens to airports and disaster response
-
Politics1 week agoWhite House says murder rate plummeted to lowest level since 1900 under Trump administration
-
Alabama6 days agoGeneva’s Kiera Howell, 16, auditions for ‘American Idol’ season 24
-
San Francisco, CA1 week agoExclusive | Super Bowl 2026: Guide to the hottest events, concerts and parties happening in San Francisco
-
Ohio1 week agoOhio town launching treasure hunt for $10K worth of gold, jewelry
-
Culture1 week agoIs Emily Brontë’s ‘Wuthering Heights’ Actually the Greatest Love Story of All Time?
-
News1 week agoThe Long Goodbye: A California Couple Self-Deports to Mexico
-
Politics1 week agoTrump admin sued by New York, New Jersey over Hudson River tunnel funding freeze: ‘See you in court’
-
Science1 week agoTuberculosis outbreak reported at Catholic high school in Bay Area. Cases statewide are climbing