At the time of writing, Bitcoin is trading at $26,900 USD and Ethereum at $1,711 USD. The crypto market was range bound last week with the price of BTC not able to touch the $30,000 barrier. BTC tried twice to breach $29,000, only to be met by huge selling pressure which took its price back lower to around $27,000. Throughout the week, BTC danced between $27,000 and $28,800 a number of times without much conviction. With BTC locked in a directionless consolidation, altcoins too suffered the same fate as prices merely drifted up and down without a clear direction over the course of the week.
Market Commentary – March 9th, 2023
At the time of writing, Bitcoin is trading at $21,710 USD and Ethereum at $1,538 USD. According to Glassdone, Bitcoin prices have been rejected from a series of psychological on-chain levels, related both to investors from the 2021-22 cycle and also for the whale cohort of investors. Profit-taking and capital flows have started to take place, although they remain low by historical standards.
Everything You Need to Know About Crypto Taxes in Canada for 2023
The tax season is here and the Canada Revenue Agency (CRA) considers four activities taxable events in the cryptocurrency world: selling or gifting your crypto, trading or exchanging one crypto for another, converting crypto to CAD and using crypto to purchase goods or services. Brush up on the rules and regulations of crypto taxes in Canada with our comprehensive guide.
Market Commentary – February 16th, 2023
At the time of writing, Bitcoin is trading at $24,560 USD and Ethereum at $1,686 USD. The digital asset market experienced its first significant pullback since the rally throughout January, retracing from a weekly high of $23.3k to a low of $21.5k up until yesterday, Wednesday Feb 15th. According to Glassnode, the pullback from the local high signalled a point of high unrealized profit for new buyers. As markets started this new week with renewed risk on sentiment, Bitcoin was able to reclaim $24,000 USD and make new 2023 highs.
Fund, HODL, and get rewarded
Every Friday is a Fund-day at Coinsquare! Fund your account with a minimum of $100 and you’ll be entered to win $100 back in Bitcoin! No paperwork — just fund your account and check your email to see if you’re our weekly winner!
Market Commentary – February 2nd, 2023
Crypto At the time of writing, Bitcoin is trading at $23,800 USD and Ethereum at $1,676 USD. Cryptocurrencies were having a relatively quiet week up until the Federal Reserve meeting yesterday. The price of BTC was having a bit of trouble at around the $24,000 level after finding sellers twice there. However, the price is also not falling and is merely consolidating just under the $24,000 level after the Fed raised rates by only 25bps (more on that in the Macro section). ETH also had a relatively quiet week coiling between a 3% range but was able to break out
The Shanghai upgrade is coming soon!
The Ethereum network is set to undergo a major upgrade in March 2023, known as the Shanghai upgrade (“Shanghai” or the “Shanghai upgrade”). Shanghai will be Ethereum’s next major update after the transition from Proof-of-Work to Proof-of-Stake consensus in September. This upgrade is highly anticipated and promises to bring several new features to the Ethereum network, including, allowing those who have participated in staking ETH into the Ethereum 2.0 contract to withdraw funds and staking rewards. Aside from its effects on staking, the Shanghai upgrade may also see changes in market demand for Ethereum. The Shanghai upgrade will follow The
Market Commentary – January 25th, 2023
At the time of writing, Bitcoin is trading at $22,700 USD and Ethereum at $1,555 USD. The main story of last week continues into this week, being that cryptocurrency outperforming all asset classes by posting significant gains with BTC suddenly surging by more than 7% last Friday after a brief pullback in the middle of the week.
Master Your Finances: A Beginner’s Guide to the 50/30/20 Budget Rule
A budget can give you a sense of financial control and make it easier for you to save money for your objectives. Finding a system that works for you can help you feel like you have a better handle on your finances. Have you ever heard of the 50/30/20 budget rule? The rule is to split your income into three categories of spending: 50% on needs, 30% on wants, and 20% on savings. This simple and logical approach to building wealth can assist you in creating a realistic budget that you can follow over time to achieve your financial objectives.
Read More Master Your Finances: A Beginner’s Guide to the 50/30/20 Budget Rule
Coinsquare’s year in review for 2023
As the year comes to a close, it’s time to look back and reflect on the highlights and accomplishments of the past 12 months. For Coinsquare, it’s been a year of growth and expansion. In early 2022, we announced that we planned to expand our platform and add new features and services. This included the launch of the new Coinsquare, which introduced a number of advanced features and tools to help our users trade more efficiently and effectively. This was a major milestone for us, as it made it easier than ever for our users to access and trade cryptocurrency,