Bitcoin on Tuesday fell by $ 1,500 in a few hours after the decision of the US Congress not to amend the controversial law.
Since Monday's highs of about $50,500, the first cryptocurrency has already lost about $3,000, falling below $48,000.
The greed and fear index of bitcoin and the largest cryptocurrencies switched yesterday to the “extreme greed”mode. According to the idea of this indicator, the higher it is, the closer the sale is.
Bitcoin fell sharply in the US session on Tuesday, when insiders got access to information on the initiative of the Committee on Internal Rules of the US Congress. The Democrats who control this body have blocked amendments to the so-called "Biden infrastructure plan".
This law introduces new rules for the taxation of cryptocurrencies in the United States, providing for reporting on all crypto transactions, which entails the decryption of personal data.
By law, these rules apply not only to brokers and exchanges, but also to node owners, wallet operators, developers of DEX exchanges and DeFi services. The adoption of the new rules will actually stop their activities on the territory of the United States. The law will work from next year.
Meanwhile, on Tuesday it became known that MicroStrategy has invested another $177 million in bitcoin. The position size exceeded 108 thousand BTC. According to reports for the US Securities and Exchange Commission (SEC), MicroStrategy acquired another 3,907 bitcoins at an average price of $45,294 per coin, taking into account commissions and overhead costs.
Tether has resumed issuing its USDT stablecoin after a two-month break. Since August 1, at least 2.3 billion new tokens have been issued. Tether and experts say that the demand for USDT has recently started to grow again as the mood of market participants improves.