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This means that we have yet to figure out. The main reason for the bearish continuation of the last few days could well be the speculation around capital gains tax hikes by the biden administration. The drop in crypto value is a direct loss to the company. By joni widodo, 24 december, 2020. Second, this too shall pass.
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Why are crypto markets down?
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The crypto market is down because regulation is just beginning. Yes the world might be ending, but it's all good, you're hanging out on your mountain top. The main reason for the bearish continuation of the last few days could well be the speculation around capital gains tax hikes by the biden administration. After a possible 10x surge by bitcoin at the end of the year, it is likely to come crashing back down to earth, if it adheres to moves in its past two other bull phases. Although the exact reasons for the decrease in crypto's value are hard to.
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There are many reasons behind the crypto market down.
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