Bitcoin Falls to Three-Week Low as IRS Seeks Approval for Reporting Rules

Bitcoin Falls to Three-Week Low as IRS Seeks Approval for Reporting Rules on Cryptocurrency Transfers
Bitcoin has slumped by half since hitting a record of almost $65,000 (roughly Rs. 47.39 lakhs) in April.
By Reuters | Updated: 9 June 2021 12:05 IST
Bitcoin bottomed at $31,025 (roughly Rs. 22.6 crores), the lowest price since a shakeout on May 19
Highlights
Ruffer's Bitcoin profit was first reported by The Sunday Times
Bitcoin was last trading at $32,055.20 (roughly Rs. 23 lakhs)
Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the US Internal Revenue Service called for lawmakers to provide authority for tighter reporting rules on crypto transfers.

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