Miners Raking in the Fees, Grayscale Clears the Air on Tax Issues
Dec 18, 2023
Market Update After experiencing an overnight drawdown during Asian market hours, cryptoassets are witnessing a notable bounce at the US market open. $BTC is at the forefront, rebounding to $41.5k after briefly dipping to $40.5k last evening. Meanwhile, $ETH is trailing behind, currently down about 1% to $2170. Although altcoins are broadly lower at the start of the day, select ones like $STX, a Bitcoin layer 2 network, are performing well, likely continuing to benefit from the recent surge in demand for layer 2 solutions following the spike in Bitcoin network fees. In the equities market, cr