Bitcoin Jumps on News That SEC Will Begin Cracking Down on Crypto Fraud

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Guest

Published on :

13 April, 2018

Pundits on Fox Business surmised a fall in bitcoin's price Thursday following news that the SEC intended to aggressively go after cryptocurrency fraud.

The near conclusion of tax season may also be helping bolster bitcoin's price according to CNBC.

Bitcoin peaked above $8,000 on Thursday.

"People realized way more tax gains in 2017 than they expected to," says venture capitalist Spencer Bogart, and were forced to sell in the early part of 2018 to cover taxes.

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