Cryptocurrencies

Crypto Market’s Climb Back Toward $2 Trillion Faces U.S. Hurdle

  • Total value of virtual coins jumped by 55% from a July low
  • Potential tax reporting rules may be obstacle to more gains

Photographer: Chris McGrath/Getty Images

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The cryptocurrency sector is back in sight of a $2 trillion market value, a level last seen in May, but further gains face an obstacle from potential new U.S. tax reporting requirements.