You may have seen already another drop in the crypto market and wonder why that happens. Well I think that Bitcoin has slipped below the support level to $38.5K as US Tax Return deadline is around and that pulls down the entire crypto space. For U.S. investors, the deadline to submit 2021 tax returns or an extension to file and pay the tax is today - Monday, April 18, 2022. What do you think, are the taxes influencing the market or something else?
3 comments
I doubt if filling tax returns has anything to do with crypto trading. People will always find a reason for anything, lol.
It might not, but still April is the tax month and always crypto performs bad. Could be a coincidence, but don't believe in such.
OK, I will note that