Bitcoin fell in price after the speech of the US Congress
Yesterday Bitcoin lost about $ 1,500 in value in a few hours after the decision of the US Congress not to amend the controversial law
Aug 25, 2021
1 min read
Anna BakkerNews analyzer

The first cryptocurrency has lost 6% since its recent high of $ 50,500 and fell below $ 48,000.

During the American session on Tuesday, insiders revealed details of the US Congress initiative that triggered the Bitcoin sale. It turned out that the Democrats had blocked the introduction of amendments to the "infrastructure plan of Biden".

This bill implies the introduction of new rules for the taxation of cryptocurrencies in the United States, which entails mandatory reporting on all crypto transactions and the disclosure of personal data.

This law applies to brokers, exchanges, node owners, wallet operators and developers of DEX exchanges and DeFi services. The new rules could virtually stop any cryptocurrency activity in the US. The law will start working next year.

Meanwhile, MicroStrategy acquired $ 177 million worth of Bitcoins and the total position of the company was 108 thousand BTC.

forex expert advisors

Tether has completed a two-month hiatus in USDT issuance and resumed issuing stablecoin. Since the beginning of August, about 2.3 billion new tokens have been issued. Experts note that the demand for USDT continues to grow along with the sentiment of market participants.

It is always difficult to choose a reliable broker, so we have already selected the top 10 forex brokers for you.

Last article
Read other articles
Anna Bakker News analyzer
Securities and Exchange Commission (SEC) head Gary Gensler announces crusade against crypto exchanges
Sep 16, 2021
1 min read
Anna Bakker News analyzer
Cardano (ADA) Drops After Alonzo Update Launched On Monday, Experts Expect Growth
Sep 13, 2021
1 min read
Anna Bakker News analyzer
USD accelerated its growth and bullish sentiment after the end of the next meeting of the US Federal Reserve
Aug 19, 2021
1 min read
Forex Expert Advisors for your Profits
Forex trading robots based on AI. Innovative trading technologies for a stable growth of your profits