Rising by 3% in five minutes, bitcoin price soars again

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Last week, bitcoin price achieved the highest level since March, and theprice of btc to usd changed from $6786 to $8000. People analysis that it may because the withdrawal of shortposition. Btc price broke through $8000 again this time. Analysts havepredicted that bitcoin value would surge after the tax day in America. Taxday is the deadline of submitting the income tax form, which was required byfederal government. The bitcoin expert, Jack Tatar thought the price ofcryptocurrency would recover, but not rise immediately.

Compared with $14000 in January, btc price declined by 45% this year, which is a sharp contrast to the rise in last year. US InternalRevenue Service considers bitcoin and other cryptocurrencies as capital, whichmeans the trade of digital currency in last year should turn over $25 billionas the tax.