Friday, July 11, 2025
HomeTop NewsOn April 23, Bitcoin was below $ 50

On April 23, Bitcoin was below $ 50

Published on

The fall comes after Biden introduced a number of proposed changes to the U.S. tax code on Thursday, including a plan to raise capital gains to more than $ 1 million and tax almost double the capital gains to 39.6 percent.

There have been reports on social media that cryptocurrencies are being cracked down on. At the same time, traders and analysts say the decline is temporary, with institutional investors in retail and digital currencies recognizing it as a legitimate asset class.

Chris Weston, head of research at Pepperstone Markets Ltd, a Melbourne-based foreign exchange broker, said: “This is what everyone is talking about right now, referring to Biden’s tax plan.

Biden’s plan to increase taxes Capital gains in New York cryptocurrency trading continued during the Asian session, but traders say calm will return soon.

“Western funds began to aggressively withdraw from Biden’s tax plan,” said Avi Felman, chief trader and portfolio manager at Block Tower Capital, a New York-based cryptocurrency and blockchain investment firm.

“Gradually, news-driven sales tend to change direction,” he added.

Latest articles

Shelving Solutions for Irish Garages and Warehouses

In Ireland, where both residential and commercial spaces often face storage challenges, having the...

What Guarantees the Security of Storing Online Casino Players’ Data?

In today’s digital age, the security of personal data is paramount, especially in industries...

Driving Efficiency: How Telematics Can Transform Fleet Management in Ireland

Fleet management in Ireland is changing and fast. Modern telematics technology now allows business...

Building a Supportive Community for Weight Loss: Why It Matters

Starting a new weight loss journey can feel a little overwhelming and lonely too,...

More like this

Shelving Solutions for Irish Garages and Warehouses

In Ireland, where both residential and commercial spaces often face storage challenges, having the...

What Guarantees the Security of Storing Online Casino Players’ Data?

In today’s digital age, the security of personal data is paramount, especially in industries...

Driving Efficiency: How Telematics Can Transform Fleet Management in Ireland

Fleet management in Ireland is changing and fast. Modern telematics technology now allows business...