Fears of Biden tax blow leave cryptocurrencies Ether, Bitcoin on the ropes ...Middle East

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Fears of Biden tax blow leave cryptocurrencies Ether, Bitcoin on the ropes
source : Devdiscourse ( Middle East ) () 50
Cryptocurrency Ether pulled back sharply from a record high and rival Bitcoin also fell on Friday amid speculation that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets. The drops came after Biden on Thursday unveiled a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million.

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