Cryptocurrencies

Bitcoin Pares Gains as Treasury Seeks to Toughen Tax Compliance

Crypto market is looking calmer following Wednesday’s rout
Bitcoin fell and rose more than 30% in a few hours Wednesday

WATCH: Gregory Di Prisco, CEO of RWA Company and a member of the MakerDAO community, discusses the volatility in cryptocurrencies.(Source: Bloomberg)

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By Vildana Hajric and Lu Wang (News)

May 20, 2021 at 4:14 AM UTC

Updated on

May 20, 2021 at 5:50 PM UTC

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Crypto markets remained volatile and gave back some of their gains Thursday after the U.S. Treasury Department called for stronger tax compliance within the space.