🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
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Do you Know How US (United Staes) Tax Crypto
United States:
The Internal Revenue Service (IRS) treats cryptocurrency as property. This means capital gains tax applies when crypto is sold, traded, or spent. The tax rate depends on how long the crypto is held:
Short-term gains (held under a year) – Taxed like regular income (10% to 37%).
Long-term gains (held over a year) – Taxed at 0%, 15%, or 20%, depending on your income.
If crypto is earned as income, such as through mining or staking, it is subject to income tax at the person’s regular tax rate. The IRS also requires crypto brokers to report transactions on Form 1099-DA starting in 2025.
Crypto losses can be used to offset gains, and investors can deduct up to $3,000 per year against ordinary income.