for the first time since early March after a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling. The entire crypto market shed more than $200 billion of value in a single day.
Biden is expected to raise long-term capital gains tax for the wealthiest Americans to 43.4%, including a surtax. That triggered a, and analysts said fears over the proposal may have extended to the crypto market. Bitcoin has risen around 80% since the start of the year as more institutional investors and major firms like
have jumped into the market, believing it to be a portfolio diversifier in the event of rising inflation. It's down roughly 17% from an all-time high of nearly $65,000, however.on the market from regulators. Several officials, from U.S. Treasury Secretary Janet Yellen to European Central Bank President Christine Lagarde, have sounded the alarm about the use of bitcoin in illegal activities.
In Turkey, the central bank has banned the use of digital assets in payments, while two crypto exchanges have
The next pump has started.
Cnbc the 12 year old in discord yelling at every percent swing as they invest their 10 dollars
Demand is temporarily driving numbers and It's not stable guys be careful with Bitcoin .
I get my signal from Petra Moritz on telegram. She shares her profitable signals around her students and clients freely and she get tips after they make lot of money from using her signals to invest and trade (crypto) Bitcoin. Telegram (petramoritz):
100k🚀🚀
Bulls trap for another 50% write off in next few weeks.