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Bitcoin Sinks as US Capital Gains Tax Proposal Injects Fear Into Crypto Market – DailyFX

Bitcoin is on track to record its worst week since early February, with the cryptocurrency breaching below the 50k level in the aftermath of Biden’s capital gains…

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Bitcoin, BTC/USD, Capital Gains Tax – Talking Points

  • Bitcoin prices sink as capital gains tax fears roil investors
  • Broader market sentiment deteriorating alongside cryptos
  • BTC’s 50k level likely a salient point in dictating further direction

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Bitcoin is pushing lower as tax-related fears weigh on the cryptocurrency, with BTC on track to record its worst week since early February. The move lower was sparked by reports that President Joe Biden is set to announce…

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