Bitcoin price hit another all-time high at $69,000 as Ether continued its long slog toward $5,000 after reaching a new high at $4,868 earlier today. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly-$7,000 drop which plunged BTC price below $63,000.Interestingly, this morning's breakout initiated right as a report from the … [Read more...] about Bitcoin price briefly hits $69K ATH before plummeting back to Earth
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Biden’s capital gains tax plan to pull crypto down to earth from the moon?
There are often multiple causes for an asset’s sharp decline, but Bitcoin’s (BTC) 10% “nosedive,” which took place on April 22, may be blamed on the Biden Administration’s reported plan to tax capital gains at double the current rate on America’s wealthiest. Bitcoin is habitually volatile, so one probably shouldn’t read too much into a double-digit swoon in any given week, but … [Read more...] about Biden’s capital gains tax plan to pull crypto down to earth from the moon?