Biden and Turkey collapsed the bitcoin exchange rate
According to media reports, Biden is preparing to raise the capital gains tax for the wealthy up to 43.4%. Those who earn $1 million or more will have to pay 39.6%. Now the value is 20%, writes ttrcoin.
Biden's proposal essentially doubles the capital gains tax. It's a tangible cost increase for long-term investors," said Jack Ablin, founding partner and chief investment officer at Cresset Capital Management.
Turkish crypto exchange Thodex unexpectedly stopped trading on April 20, with 391,000 active customers losing access to their wallets. Users were also concerned that the head of the exchange closed Twitter and Instagram accounts.
The platform originally announced six hours of technical work, but already on April 21 issued a new announcement that it would need to stop bidding for 4-5 working days to attract outside investment. This is supposedly necessary to transfer a stake in the company to a new partner, and the investment will help improve customer service.
Police searched Thodex's headquarters and the company is under investigation. This could well turn out to be a fraud, experts say.
Since March 15, the exchange has been running a month-long campaign to reward new customers with 150 Dogecoin coins. This reportedly attracted thousands of users, helping to set a new record for trading volumes.
Last week, Turkey's Central Bank announced a ban on cryptocurrencies as a means of payment. The ban comes into force on April 30 and will force payment services to refuse to work with cryptocurrency exchanges. In March, bitcoin exceeded $100,000 on the local p2p market amid a prolonged devaluation of the lira.
Guggenheim Partners investment director Scott Minerd, in an interview with CNBC, warned of the possibility of a "serious correction" of BTC by about 50%, into the $20,000 to $30,000 range.