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Crypto crash: markets dive after Biden eyes big tax hike – Stockhead
Cryptocurrency markets are plunging this afternoon after reports that US President Joe Biden would propose big tax hikes.
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Cryptocurrency markets are a sea of red this afternoon, with Bitcoin dropping below $US50,000 and most altcoins suffering double-digit losses after reports that US President Joe Biden would propose big tax hikes on the wealthy.
The US stock market also took a hit, with the S&P500 dropping 0.9 per cent, after Bloomberg Newsand other outlets reported around 3am AEST that Biden would begin next week pushing the big tax hike, including nearly doubling the capital gain tax on…
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