Bitcoin, Ethereum Collapse on Biden Tax Plan
Bitcoin, Ethereum Collapse on Biden Tax Plan Key Talking Points: Bitcoin intensifies losses, falls below $50,000 A proposed hike in capital gains tax by President Biden seems to be making investors jitterish about digital coins, causing Bitcoin to fall below the $50,000 mark for the first time since March, whilst other cryptos like EOS, Stellar and, Bitcoin cash are dropping over 13% this morning. The rationale behind this move is likely to do with investors wanting to unload those assets with the biggest gains, which would make them eligible for the higher tax rate. Especially since the IRS ...
Source: dailyfx.com