Journalists always seem to write these articles where they try to explain a broad market move with a specific piece of news.
In general I think they are mistaken. The market moves on its own. Had the annoucement of capital gains market happened 2 months ago when there was really strong upward momentum in crypto, then I think it would have been completely ignored.
Journalists always seem to write these articles where they try to explain a broad market move with a specific piece of news.
In general I think they are mistaken. The market moves on its own. Had the annoucement of capital gains market happened 2 months ago when there was really strong upward momentum in crypto, then I think it would have been completely ignored.