On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital gains taxes, bitcoin’s environmental footprint and an outright crypto ban in China. It seemed like the fear, uncertainty and doubt – FUD, or crypto-speak for negative news – was coming all at once.
Related posts
-
No Fed Rate Cuts? No Worries For Bitcoin, Says Research Firm
As the US economy grapples with rising inflation expectations and scaled-back forecasts for Federal Reserve rate... -
Bitcoin Dominance Increases as Halving Nears and BTC Price Lingers Near $60K
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin (BTC) Price Tumbles Below $61K, Ether (ETH) Below $3K as Crypto Correction Deepens
“If bitcoin can hold above this level, it keeps the direct focus on that next push...