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Bitcoin Recaptures $45,000 for Second Consecutive Day

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Mon, 08/09/2021 - 10:14
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Yuri Molchan
The leading digital currency has recovered the $45,000 level again after reaching it a day before
 Bitcoin Recaptures $45,000 for Second Consecutive Day
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The flagship cryptocurrency has demonstrated a rise of 5.49 percent and risen above the $45,000 level for the second day in a row.

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On Sunday, this level was also broken for the first time since the middle of May. The rally this weekend was triggered by the U.S. infrastructure bill and amendments to it that are being discussed by the U.S. Senate and threaten to damage the crypto industry heavily with draconian taxes.

Head of Galaxy Digital crypto hedge fund Mike Novogratz, former Goldman Sachs asset manager, took to Twitter today to share two possible causes preventing crypto from falling in the face of the tax provision that is about to be adopted.

The first one, he thinks, is that the crypto community has proven to be "big, diverse and loud." The second is that the new provision confirms the need for decentralization for average taxpayers who are into crypto.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.