Bitcoin bulls eye $50,000 on Senate bipartisan crypto tax deal
Al Jazeera
Bitcoin surged to its highest level in nearly three months after United States senators reached a last-minute compromise over a provision in the $550bn infrastructure bill that addresses how to tax crypto assets.
Bitcoin surged Monday to a nearly three-month high as policy makers hashed out last-minute compromises over how to tax crypto assets. The largest digital coin rose as much as 5.4% to reach $46,245 during New York-trading hours. The rally is a continuation of recent momentum – the coin is up roughly 17% over the past week. Peer coins also benefited, with Dash, Ether and Litecoin, among others, each up at least 5%. The Bloomberg Galaxy Crypto Index of larger digital assets rose 8.1% at one point, also its highest since May.
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