Author Topic: Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close (Read 342 times)

newshunter · « **on:** January 01, 2022, 01:00:57 PM »

Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close

BTC price retests the recent lows at $46,000 as institutions appear to be “selling for tax reasons” while $52,000 remains a major hurdle in the path higher.

Source: Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close

Would appreciate your opinion about this

Altcoins Talks - Cryptocurrency Forum · « **on:** January 01, 2022, 01:00:57 PM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Gravatai · « **Reply #1 on:** January 01, 2022, 11:45:58 PM »

I think there are a lot of factors affecting the price of cryptocurrencies, and now they are the most tangible. The Chinese New Year will begin soon and the activity of traders on cryptocurrency exchanges will be lower, which will affect the trading volume and the price of cryptocurrencies, although there are other factors that can positively affect the cryptocurrency market. Recently, purchases of BTC by large investors do not allow it to go down and constantly raise its prices, keeping it around $50k

News:

Author Topic: Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close (Read 342 times)

newshunter

Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close

Altcoins Talks - Cryptocurrency Forum

Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close

Gravatai

Re: Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close