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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16611178" data-attributes="member: 137766"><p>The millionaire tech boys didn't think their support through very well!</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3684917-bitcoin-falls-to-50k-after-biden-floats-doubling-capital-gains-tax" target="_blank">Bitcoin falls to $50K after Biden floats doubling capital gains tax</a></p><ul> <li data-xf-list-type="ul">Bloomberg earlier reported that the president was mulling a doubling in the capital gains tax on the wealthiest Americans to 39.6% from the current 20%.</li> <li data-xf-list-type="ul">The <a href="https://seekingalpha.com/news/3684756-dow-jones-nasdaq-sp-close-lower-as-capital-gains-tax-spooks-market" target="_blank">news helped send the major stock market averages</a> down nearly 1%, and it's also proving to be a cooler for the crypto market. Most notably, bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>) minutes ago sunk to $50.4K, and now sports a market cap that's gone back under $1T. Earlier in the session, bitcoin had been trading just shy of $56K, and less than a week ago had nearly touched $65K - that's nearly a 23% tumble over the past few days.</li> <li data-xf-list-type="ul">Ether (<a href="https://seekingalpha.com/symbol/ETH-USD" target="_blank">ETH-USD</a>) has returned to $2,400 after earlier hitting a new all-time high of $2,650.</li> <li data-xf-list-type="ul">In other news, one of <a href="https://www.coindesk.com/morgan-stanley-bitcoin-fund-draws-29-4m-in-2-weeks-filings-show" target="_blank">Morgan Stanley's newly-offered bitcoin funds has raised $29.4M</a> from 322 investors just 14 days after opening. That already makes the fund among the most popular private investment vehicles for bitcoin.</li> <li data-xf-list-type="ul">Some more details on the fund: Only clients with at least $2M in net worth may invest, and bet sizes are limited to 2.5% of net worth. The average investment in the fund was about $91K.</li> <li data-xf-list-type="ul">Bitcoin earlier today <a href="https://seekingalpha.com/news/3684731-bitcoins-share-of-cryptocurrency-market-dips-below-50-for-first-time-in-three-years" target="_blank">fell below 50% of the total crypto market cap for the first time since 2018</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16611178, member: 137766"] The millionaire tech boys didn't think their support through very well! [URL='https://seekingalpha.com/news/3684917-bitcoin-falls-to-50k-after-biden-floats-doubling-capital-gains-tax']Bitcoin falls to $50K after Biden floats doubling capital gains tax[/URL] [LIST] [*]Bloomberg earlier reported that the president was mulling a doubling in the capital gains tax on the wealthiest Americans to 39.6% from the current 20%. [*]The [URL='https://seekingalpha.com/news/3684756-dow-jones-nasdaq-sp-close-lower-as-capital-gains-tax-spooks-market']news helped send the major stock market averages[/URL] down nearly 1%, and it's also proving to be a cooler for the crypto market. Most notably, bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]) minutes ago sunk to $50.4K, and now sports a market cap that's gone back under $1T. Earlier in the session, bitcoin had been trading just shy of $56K, and less than a week ago had nearly touched $65K - that's nearly a 23% tumble over the past few days. [*]Ether ([URL='https://seekingalpha.com/symbol/ETH-USD']ETH-USD[/URL]) has returned to $2,400 after earlier hitting a new all-time high of $2,650. [*]In other news, one of [URL='https://www.coindesk.com/morgan-stanley-bitcoin-fund-draws-29-4m-in-2-weeks-filings-show']Morgan Stanley's newly-offered bitcoin funds has raised $29.4M[/URL] from 322 investors just 14 days after opening. That already makes the fund among the most popular private investment vehicles for bitcoin. [*]Some more details on the fund: Only clients with at least $2M in net worth may invest, and bet sizes are limited to 2.5% of net worth. The average investment in the fund was about $91K. [*]Bitcoin earlier today [URL='https://seekingalpha.com/news/3684731-bitcoins-share-of-cryptocurrency-market-dips-below-50-for-first-time-in-three-years']fell below 50% of the total crypto market cap for the first time since 2018[/URL]. [/LIST] [/QUOTE]
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