Cryptocurrency

Cryptocurrency

Bitcoin Price Drops Below $21K As Biden Unveils New U.S. Budget

In a formal presentation of the proposed budget for the fiscal year 2024, U.S. President Joe Biden advocated the elimination of tax subsidies for cryptocurrency investors, the real estate business, and the oil and gas sector. In a high-stakes battle over federal finances, Biden made his opening proposal on Thursday by outlining a federal budget that would reduce deficits by nearly $5.5 trillion over the next ten years. Biden’s Budget Targets Crypto According to the White House, the new budget would deliver an estimated $24 billion in savings by eliminating...
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