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A widely followed crypto analyst says that investors shouldn’t expect altcoin season until the Federal Reserve makes its next move. In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that alt season likely won’t happen until the Fed loosens monetary policy and cuts interest rates. According to Cowen, in the last cycle, altcoins outperformed Bitcoin (BTC) only after the Federal Reserve began to cut rates. “There’s a lot of altcoins that are actually going down, there’s more going down than going up and that’s why the advance/decline index is dropping off again and it also dropped off right over here in 2019 just before the FED cut. It dropped off very, very quickly and then of course the FED started to cut in in July, so I would keep an eye on that because a lot of people they keep calling for alt season and whatnot and for altcoins to durably outform Bitcoin but last cycle we didn...

Filing crypto taxes can be complex, especially for those exploring the decentralized finance world. Here’s what to keep in mind. Filing Taxes for crypto currency can be a confusing and daunting task for many individuals. The United States Internal Revenue Service (IRS) treats crypto currency as property subject to capital gains taxes. Knowing this appears to make filing crypto Taxes simple, but crypto ’s unique nature means there are many unanswered questions. Accurately reporting gains and losses can be a nightmare. While everyone concerned about tax season knows that keeping accurate records of every crypto transaction is a must, there are other things to keep in mind. There is a difference between short-term and long-term capital gains taxes, with tax rates varying depending on multiple factors. These capital gains tax rates are available online and are beyond the scope of this article, which will focus on avoiding potential issues with the IRS while filing taxes on crypto. How to...