XRP News Today: Biden’s Tax Rule Fuels Crypto Volatility—Impacts XRP and BTC
Unlock Exclusive XRP Price Insights: Discover what the SEC’s next move could mean for XRP’s future. Don’t miss our expert analysis here – read now!
Bitcoin Price Trends: Regulatory Pressures and Risk Sentiment Weigh on BTC
On Friday, bitcoin (BTC) dropped below the crucial $95k level amid uncertainty about the Fed rate path. US Inflation concerns weighed on riskier assets, including the Nasdaq Composite Index, BTC, and the broader crypto market. The Nasdaq Composite Index slid by 1.49% on Friday.
BTC faced additional pressure from the DeFi broker tax reporting rule, which could disrupt the supply-demand balance.
US BTC-Spot ETF Trends Add Volatility
Risk aversion also affected the US BTC-spot ETF…
