Crypto Market Bleeds as President Biden Proposes Increase Tax Rate
The crypto market bled as the US President Joe Biden proposes to increase the tax rate. Top crypto suffered more than -10% market decline. The crypto market once again is now experiencing a massive market bloodbath. Specifically, the market decline begins after the statement of US President Joe Biden regarding tax rates. As per Biden, he will propose a capital gains tax rate for wealthy individuals to almost 40%. Indeed, this caused panic that shook the world economy, including the crypt market. This made crypto enthusiast Anand Chennai2London react: Recently, the market capitalization of the whole crypto market in CoinGecko