Tags : Bidens

Market

Biden’s capital gains tax plan to pull crypto down to

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 […]Read More

Bitcoin

$3.7 billion liquidated as crypto markets react to Biden’s tax

Over $3 billion worth of crypto positions were liquidated this morning amidst a broader sell-off, data from multiple sources showed. Some market watchers attributed the drop to a proposal made by US president Joe Biden yesterday. The crypto drop ‘Liquidations’ occur when traders borrow excess capital from brokerages/exchanges (i.e., ‘margin’ or trading futures) to place […]Read More

Bitcoin

Bitcoin Eyes $50K as Traders Pause Profit-Taking after Biden’s Stimulus

Bitcoin refreshed its all-time high during the early Asian session Tuesday as traders assessed the prospects of Joe Biden’s latest push to pass his ambitious $1.9 trillion stimulus package. The Financial Times reported late Monday that the US president would make official trips outside Washington to put his expansive aid proposal before the public. In […]Read More

Regulation

Why Joe Biden’s presidency could be a fresh start for

The Biden administration’s first decisions and appointments look promising for the crypto industry as a whole so far. Shortly after his inauguration, US President Joe Biden and his administration have already made several important decisions that could be considered quite positive for the crypto industry, starting with the postponement of the Treasury’s controversial proposals aimed […]Read More

Bitcoin

Bitcoin Eyes Bull Run Towards $40K Ahead of Biden’s Stimulus

Bitcoin extended its recovery trend as traders shifted their focus on Joe Biden’s stimulus plan expected later on Thursday, hoping that a generous spending package would pressure the US dollar and boost demand for alternative safe-haven assets. The US president-elect’s proposal expects to increase the federal deficit by around $2 trillion. His bill might contain […]Read More