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

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Romina Amato/Red Bull via Getty

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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:

Current cryptocurrency prices

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Markets Insider

What’s happening:

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