Cryptocurrency's value plummets. Here's what it means for your taxes
Holders of cryptocurrency have more than price volatility to worry about this year. The taxman wants to know about your trading activity.
Bitcoin hit fresh highs during the weekend, creeping toward $42,000 on Jan. 8. However, its value tanked on Monday amid a sell-off in cryptocurrencies, and bitcoin’s value is now hovering around $33,000.
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Darla Mercado
Original Article Posted on: JAN 11 2021
Link to Original Article: https://www.cnbc.com/2021/01/11/cryptocurrencys-value-plummets-heres-what-it-means-for-your-taxes.html