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Best Forex Brokers Malaysia Reviewed in 2023

Best Forex Brokers Malaysia Reviewed in 2023
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Bitcoin sinks below $50,000 as cryptos stumble over Biden tax plans

TOKYO - Bitcoin and other cryptocurrencies suffered hefty losses on Friday on fears that U.S. President Joe Biden's plan to raise capital gains ta.

Biden tax fears leave Bitcoin, Ether groggy

Message : Required fields TOKYO, April 23 (Reuters) - Cryptocurrency Ether pulled back sharply from a record high and rival Bitcoin also fell on Friday amid speculation that U.S. President Joe Biden s plan to raise capital gains taxes will curb investment in digital assets. The drops came after Biden on Thursday unveiled a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million. But while social media lit up with posts about the plan hurting cryptocurrencies, and individual investors complaining about losses, traders and analysts said declines are likely

Bitcoin sinks below $50,000 as cryptos stumble over Joe Biden s tax plans

Bitcoin sinks below $50,000 as cryptos stumble over Joe Biden s tax plans
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Bitcoin price: Biden tax fears leave Bitcoin, Ether groggy | International Business News

TOKYO: Cryptocurrency Ether pulled back sharply from a record high and rival Bitcoin also fell on Friday amid speculation that US President Joe Biden s plan to raise capital gains taxes will curb investment in digital assets. The drops came after Biden on Thursday unveiled a raft of proposed changes to the US tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million. But while social media lit up with posts about the plan hurting cryptocurrencies, and individual investors complaining about losses, traders and analysts said declines are likely temporary amid growing retail and institutional investor acceptance of digital currencies as a legitimate asset class.

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