The current tax proposal includes a 30% tax on any income generated from crypto transactions and a second tax of 1% at source on all transactions; bitcoin rises on day of ascents and dips. Amitoj and JPRubin23 report
Bitcoin was well into the green over the past 24 hours, although not before experiencing a roller-coaster ride of steep ascents and dips spurred by news events, including economic fallout from Russia's invasion of Ukraine and the widely expected decision by the U.S. central bank to raise interest rates.
After dropping under $40,000 on two occasions during Asian and U.S. trading hours, bitcoin was changing hands again above $41,000, up about 4%. Ether, the second-largest crypto by market cap, was trading at nearly $2,800, a roughly 6% gain. Most other major altcoins had gained ground over the past 24 hours.
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