Cathie Wood, the founder and CEO of Ark Invest, is cautioning investors not to sell or transact their Bitcoin (BTC) until the United States Internal Revenue Agency, or IRS, introduces more sensible tax policies on digital assets.In a webcast hosted by Cboe, Wood said transacting with BTC could lead to massive tax liabilities. "The IRS has something to say about this, so if you … [Read more...] about BTC investors shouldn’t transact until tax code changed
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$51K Bitcoin price not a problem as ‘structurally, nothing has changed’
On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400.The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin's loss of bullish momentum, several derivatives indicators, including a bullish … [Read more...] about $51K Bitcoin price not a problem as ‘structurally, nothing has changed’