Bitcoin has breached critical price support, hitting new lows as the U.S. tax season ends, Coindesk reported Monday (April 18).
The biggest cryptocurrency by market value fell to $38,577 during the Asian hours, falling below its support level of $40,000. That level was last seen on March 15.
The weakness seems to come from the tax season, with the related selling, as well as a hazy macro environment. The deadline to submit 2021 taxes was Monday (April 18).
Meanwhile, a new kind of…
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