Month: August 2021

Bitcoin’s Bear Trap

Bitcoin’s Bear Trap

Bitcoin retraces lower as it is unable to sustain rally over US$42,000 on lower volumes, and now appears to be testing major technical levels of support  Bitcoin bear trap suggested last week played out according to technical indicators      Last week, the possibility that the most recent rally in Bitcoin’s price might really have […]

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A Tax be Upon Your Cryptocurrencies

A Tax be Upon Your Cryptocurrencies

U.S. lawmakers slip in a cryptocurrency tax with the upcoming infrastructure bill   Taxing cryptocurrencies helps to legitimize the sector, much like how legalizing cannabis, legitimized the entire cannabis industry and provided fresh sources of tax revenue       Nothing legitimizes an asset class quite like a tax.   During Prohibition, state and federal governments […]

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