Here is what you need to know on Friday 25, September
BTC/USD is trading at $10,650 after a significant rebound in the past 24 hours regaining crucial support levels.
Chart of the day: Crypto market capitalization
We have recently seen a significant increase in exchange inflow which should mean there is increased selling pressure, however, it seems the market’s sentiment might be shifting towards the bulls again.
Russian’s ministry of Finance is seeking to create stricter measures regarding cryptocurrencies. Russians would need to report their wallet balances to authorities. The law was already signed and will come into force January 2021.
Similarly, over the counter traders will need to report all transactions to tax authorities.