Friday, July 1

Institutional Tax Levy Weighs On Bitcoin Price As 2021 Approaches By CoinTelegraph

© Reuters. Institutional tax collection weighs on Bitcoin price as 2021 approaches

The year 2021 has been a very successful year for the cryptocurrency market as a whole, despite the year-end difficulties that have kept the price of () below $ 48,000, much to the chagrin of the group of people. who had been asking for a $ 100,000 fluke for BTC.

Data from Cointelegraph Markets Pro and TradingView shows that the past 24 hours have been a roller coaster ride for the biggest cryptocurrency after a brief dip below $ 46,000 in the first hours of trading on December 30 was quickly bought for. push the price of BTC back above $ 47,500 by noon.

4-hour chart of the BTC / USDT pair. Source: TradingView Here’s a look at what various market analysts are saying about the year-end price action for Bitcoin and what to expect in 2022 as the mass adoption of Blockchain technology and cryptocurrencies continues to develop.

Read the full article on Cointelegraph

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