As the tax deadline approaches, its impact on the market is felt significantly coupled with other factors igniting sharp volatility in crypto asset prices. The deadline for most residents in the United States to file taxes is April 15. However, exceptions are given in some states and to certain individuals.
Generally, market commentators opine that weeks leading up to the deadline take a bearish outlook because investors look to repay their capital gains on profit last year. Bitcoin (BTC) and other top assets are in weekly losses after this weekend’s heightened sell-offs. As the market looks to recover folks in liquidations, here are the top 5 assets to watch out for after the IRS Tax deadline.
Bitcoin (BTC)
Bitcoin has been impacted by the IRS tax deadline leading to a massive sell-off plummeting the asset’s price. Bitcoin is down 5% in the last seven days and 3.31% this month. These outflows recorded by the market leader come after months of consecutive inflows due to spot ET
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