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  1. Bitcoin holds steady above $40,000 after plunging 30% in a day

    Bitcoin slumped back below $40,000 amid reports the Treasury Department wants all cryptocurrency transactions over $10,000 to be declared to the IRS
    In a report issued on Thursday, the Treasury described new compliance proposals from President Joe Biden, including mandatory tax reporting for transactions of $10,000 or more for Bitcoin and its rival cryptocurrencies.
    Explaining the proposal, a Treasury Department spokesman said: 'Cryptocurrency already poses a significant detection ...