End Of Year Prime For Crypto
It seems like markets are trying to squeeze in their end of year buys as we have seen bitcoin and all majors drastically increase in price over the last few hours.
But the question here is this just a small pump that's not going to really amount to anything? Most likely this is just large cap moving assets to fill in taxes and get ready for 2025. But there's still nothing that's changed and honestly I feel like trumps presidency is already tapped in at least the first few months.
We also saw the IRS becoming a little more hostile towards crypto as well over the last few days. That doesn't seem to be what sparked the sell off however and instead it's just a jab to make sure people know the rules and that the IRS wants there money like always lol. I mean when you're that much in debt I guess you're going to try and squeeze every penny out of people it's sad.