Tuesday June 21, 2022 – It is Crypto Tuesday! If you have been paying any attention to the Crypto market this past week – you watched the price of Bitcoin – and other tokens – fall like a rock, only to bounce back a little over the last several days.
Is this a Dead Cat Bounce? Or a real rebound. For those not familiar with the term “Dead Cat Bounce,” here is the definition from merriam-webster.com: a brief and insignificant recovery (as of stock prices) after a steep decline.
Attorney Steven A. Leahy looks at the recent Cryptocurrency market swings on Today’s Tax Talk.
https://www.cnbc.com/2022/06/20/bitcoin-btc-rebounds-but-struggles-to-hold-above-20000-.html
https://www.merriam-webster.com/dictionary/dead-cat%20bounce
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649