Helping you understand the world of bitcoin and crypto, every weekdayMORE FROM FORBES Crypto Market Price Suddenly Soars Toward $2 Trillion-Could Ethereum Be About To 'Flip' Bitcoin? The bitcoin price has firmly broken above $40,000 for the first time since June and is surging ... [+] toward $50,000 per bitcoin. The crypto price rally is being led by ethereum, dogecoin, and uniswap. "Now it sits in a critical range and is eyeing a major breakout above $40,000, bolstered by the proposed crypto amendment in the U.S. infrastructure bill." The proposed changes to crypto tax reporting rules have been roundly derided by crypto investors, industry experts and technologists.

Source: Forbes August 08, 2021 09:10 UTC