Bitcoin entered May, 7th with a decline. Yesterday it was traded around $58,000 but now its price fell down and at the moment of writing this article it costs $55,829.
Cardano showed the best results among Top-10 of the most capitalized cryptocurrencies in the last 24 hours. It added 7,6% after the news about Kraken’s new option of ADA staking. Dogecoin also feels good this week, adding overall 76.85% of its value. Qtum and Telcoin became the leaders of Top-100 this week, adding 80.39% and 480.86% respectively. Bitcoin Gold lost 17% in 24 hours, and PancakeSwap lost 21.03% in a week.
The IRS now has a right to demand the information about the users’ deals from Kraken. The American tax service is interested in the big deals performed in 2016-2020, taking actions against tax evasions in the crypto field.
Learn more: https://www.alp.com/news/latest-new-from-the-crypto-market-on-may-7th
