CRYPTO INSIDER: The $25 billion reason bitcoin could stop plunging this month

Romina Amato/Red Bull via Getty

Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

Bitcoin investors owe an estimated $25 billion in US taxes, according to Tom Lee, the cofounder of Fundstrat.

As Tax Day approaches, many bitcoin owners are selling their digital coins in exchange for dollars. Lee therefore believes some of the selling pressure on bitcoin will lift after the April 17 tax deadline.

Here are the current crypto prices:

What's happening:

New to Crypto Insider? Business Insider has a ton of articles to get you caught up to speed, including:

What other questions do you have about crypto? Ask them in Business Insider's Crypto Insider Facebook group today to discuss with readers from all over the world, as well as BI editorial staff. 

NOW WATCH: Why 555 is always used for phone numbers on TV and in movies

See Also:

SEE ALSO: Google is banning all bitcoin, ICO, and cryptocurrency ads starting in June

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.