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Benzinga

Why Bitcoin And Ethereum Are Falling Today

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are trading sharply lower Tuesday after President Joe Biden signed an infrastructure bill which contained crypto tax provisions. Also, reports suggest China recently warned against cryptocurrency mining in the country. Biden’s spending bill comes with new rules for crypto brokers, including reporting transactions worth over $10,000 for tax purposes. Many people were concerned the term “brokers” was too vague and would impose restrictions on uninte