Cryptocurrency
Market Wrap: Bitcoin Steadies After $300B Market Cap Dump on Taxation Trepidation
Market Wrap: Bitcoin Steadies After $300B Market Cap Dump on Taxation Trepidation Analysts pointed to the Biden proposal to double capital gains taxes on high-income individuals as the catalyst. Reported by CoinDesk.com “The value of the cryptocurrency market declined by hundreds of billions of dollars Friday but seems to be recovering at the close of […]
By CJ Reichel · April 23, 2021
Market Wrap: Bitcoin Steadies After $300B Market Cap Dump on Taxation Trepidation
Analysts pointed to the Biden proposal to double capital gains taxes on high-income individuals as the catalyst.
Reported by CoinDesk.com
“The value of the cryptocurrency market declined by hundreds of billions of dollars Friday but seems to be recovering at the close of the business week.
- Bitcoin (BTC) trading around $50,993 as of 21:00 UTC (4 p.m. ET). Slipping 3.7% over the previous 24 hours.
- Bitcoin’s 24-hour range: $$47,875-$52,557 (CoinDesk 20)
- BTC above the 10-hour but below 50-hour moving average on the hourly chart, a sideways signal for market technicians.”
Read the full article at CoinDesk.com