Analysts pointed to the Biden proposal to double capital gains taxes on high-income individuals as the catalyst.
As BTC's price continues lower, one possible benefit is a decrease in the crypto's volatility.
The price of bitcoin has changed little over the past 24 hours, despite the asset’s notorious volatility.
Bitcoin price takes a pit stop with ether and dogecoin stealing the spotlight.
Volumes on the CoinDesk 20 eight spot BTC venues was over $8 billion for the first time since Feb. 23.
Bitcoin has been trending higher for two days but ether is in the spotlight now.
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.
The investor spotlight is now shining on DeFi tokens and trading.
Its price fell Tuesday but the amount of BTC in DeFi is at its highest in over a month.
There appears to be strong support around $30,000, according to traders.
Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said.
Bitcoin hit a brand-new all-time high as traders are piling into ether futures.
Profit-taking helped lead bitcoin lower Monday while more investors are eyeing ether with great interest.
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.
Bitcoin’s price is setting records again Thursday as decentralized finance may be overlooked in a heated crypto market.