Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: cryyptoexpert2020 on April 17, 2018, 01:45:34 AM
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Bitcoin prices were lower Monday ahead of the much-anticipated tax deadline, which bullish pundits say has been holding back the digital currency this year.
The cryptocurrency was trading near $8,025.55 as of 2:03 p.m. ET Monday following its best week since February, according to CoinDesk. It has dropped more than 40 percent since Jan. 1, after starting this year above $14,000.
(https://i.imgur.com/8EwOQD6.jpg)
"Tax-selling has been a significant factor in downward crypto prices over the past few weeks. I would expect this downward pressure to abate after tax day," said Spencer Bogart, partner at Blockchain Capital
reference: https://www.cnbc.com/2018/04/16/bitcoin-traders-are-banking-on-a-big-rebound-once-tax-day-passes.html